Highlands at the Lake
100 Arbor Lake Blvd,
Hermitage, TN 37076
$999 - $1,938
1-3 Beds
Rental Market Trends in Hermitage, TN
What is the average rent in Hermitage, TN?
$1,293/month
Average Rent
739 Sq Ft
Average Apartment Size
-1.8%
Decrease in the Last Year
As of April 2026, the average rent in Hermitage, TN is $1,293 per month. This is 21% lower than the national average rent of $1,641/month, making renting in Hermitage more affordable than most cities in the US. When you rent an apartment in Hermitage, you can expect to pay about $1,109 per month for a studio, $1,293 for a one-bedroom apartment, and around $1,549 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,810 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Hermitage, TN?
In the past year, rent has decreased by 1.8%, which averages out to $23 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025
2026
Rent Ranges in Hermitage, TN
Last Updated April 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
4%
Below $700/month
4%
$700 - $1,000/month
58%
$1,001 - $1,500/month
31%
$1,501 - $2,000/month
4%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Hermitage?
Based on current rent prices, Autumn Wood Terrace, Lake Park and Oakwell Farms are the most affordable neighborhoods in Hermitage.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Hermitage?
Based on current rent prices, Oakwell Farms, Lake Park and Autumn Wood Terrace are the most expensive neighborhoods in Hermitage.
Neighborhood
Average Rent
Average Sq Ft
Which Hermitage neighborhoods have the most rentals available?
The neighborhoods in Hermitage with the most apartments available are Oakwell Farms, Lake Park and Autumn Wood Terrace .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Hermitage, TN?
Because the average rent in Hermitage is $1,293, you’ll want to make about $4,310 per month or $51,720 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Hermitage, TN compare to other nearby cities and neighborhoods?
Use the tool below to compare Hermitage, TN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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One Bedroom
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Two Bedroom
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Three Bedroom
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.