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Rental Market Trends in Lenoir City, TN

What is the average rent in Lenoir City, TN?

$1,511/month

Average Rent

743 Sq Ft

Average Apartment Size

+1.6%

Increase in the Last Year

As of July 2025, the average rent in Lenoir City, TN is $1,511 per month. For comparison, the national average rent price in the US is currently $1,637/month, which means Lenoir City rent prices are 8% lower than the national average. When you rent an apartment in Lenoir City, you can expect to pay about $1,333 per month for a studio, $1,511 for a one-bedroom apartment, and around $1,673 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,886 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,333/month
601 Sq Ft
One Bedroom
$1,511/month
743 Sq Ft
Two Bedroom
$1,673/month
1,070 Sq Ft
Three Bedroom
$1,886/month
1,376 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,346/month
1,717 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 Lenoir City, TN?

In the past year, rent has increased by 1.6%, which averages out to $25 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Lenoir City, TN
Last Updated July 2025
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Lenoir City, TN
Percentage*
Rent Range
0% Below $700/month
29% $700 - $1,000/month
0% $1,001 - $1,500/month
71% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Lenoir City, TN?

Because the average rent in Lenoir City is $1,511, you’ll want to make about $5,036 per month or $60,432 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.

City

Lenoir City, TN

424 Available Apartments for Rent

Search for Nearby Apartments

How does Lenoir City, TN compare to other nearby cities and neighborhoods?

Use the tool below to compare Lenoir City, 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.

Explore the Area Guide for Lenoir City, TN

Apartment Averages

Nearby City Rent Trends

  • Farragut Average Rent
  • Oak Ridge Average Rent
  • Louisville Average Rent

Apartment communities in Lenoir City we think you'll love

The Station at Lenoir City

The Station at Lenoir City

102 Whistle Stop Cir,
Lenoir City, TN 37772

1-3 Beds | $1,599 - $2,225

Authentix Town Creek

Authentix Town Creek

494 Town Creek Pky,
Lenoir City, TN 37771

Studio - 3 Beds | $1,234 - $2,073

Emerson Park

Emerson Park

1400 Pine Top St,
Lenoir City, TN 37772

2 Beds | $1,799

Vintage Creekwood Park Apartments

Vintage Creekwood Park Apartments

245 Creekwood Cove Ln,
Lenoir City, TN 37772

1-3 Beds | $1,579 - $2,069

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United States Tennessee Lenoir City Rental Trends

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 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity