Highlands at the Lake
100 Arbor Lake Blvd,
Hermitage, TN 37076
1-3 Beds | $1,199 - $1,938
Rental Market Trends in Hermitage, TN
Updated July 2026
The average rent in Hermitage, TN is $1,311/month.
Rent in Hermitage is 21% lower than the national average rent of $1,662/month, making this one of the less expensive cities statewide.
$1,311/month
Average Rent
739 Sq Ft
Average Size
-0.7%
Change / Year
865
Available Apartments
Hermitage rent varies by unit size and layout:
- Studio apartments in Hermitage average $1,107 per month.
- One-bedroom apartments in Hermitage average $1,311 per month.
- Two-bedroom apartments in Hermitage average $1,538 per month.
- Three-bedroom apartments in Hermitage average $1,873 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Hermitage, TN?
In the past year, rent has decreased by 0.7%, which averages out to $9 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Hermitage, TN
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
4%
Below $700/month
4%
$700 - $1,000/month
59%
$1,001 - $1,500/month
30%
$1,501 - $2,000/month
4%
Above $2,000/month
What salary do I need to live comfortably in Hermitage, TN?
Because the average rent in Hermitage is $1,311, you’ll want to make about $4,370 per month or $52,440 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.
View the Hermitage Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Hermitage?
The average rent in Hermitage is $1,311 per month, which is 21.1% lower than the national average of $1,662.
What is the average rent for a house in Hermitage?
The average rent for a house in Hermitage, TN is $2,394 per month.
What is the average rent for a townhome in Hermitage?
The average rent for a townhome in Hermitage, TN is $1,774 per month.
Are rents going up or down in Hermitage?
Rents in Hermitage, TN are decreasing, with prices down 0.7% year-over-year and $9 less per month.
What rent range is most common in Hermitage?
In Hermitage, TN, 59% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 June 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.