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Rental Market Trends in Lenoir City, TN

Updated August 2026

The average rent in Lenoir City, TN is $1,446/month.

Rent in Lenoir City is roughly equal to the national average rent of of $1,663/month.

$1,446/month

Average Rent

743 Sq Ft

Average Size

-2.9%

Change / Year

181

Available Apartments

Lenoir City rent varies by unit size and layout:

  • Studio apartments in Lenoir City average $1,668 per month.
  • One-bedroom apartments in Lenoir City average $1,446 per month.
  • Two-bedroom apartments in Lenoir City average $1,652 per month.
  • Three-bedroom apartments in Lenoir City average $1,890 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,668/month
601 Sq Ft
One Bedroom
$1,446/month
743 Sq Ft
Two Bedroom
$1,652/month
1,073 Sq Ft
Three Bedroom
$1,890/month
1,376 Sq Ft
View Lenoir City Apartments

How much has average rent changed in Lenoir City, TN?

In the past year, rent has decreased by 2.9%, which averages out to $42 less per month.

Market Trends Over Time

August 2026

2025 2026
Market Trends Over Time

Rent Ranges in Lenoir City, TN

August 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Lenoir City, TN
Percentage*
Rent Range
0% Below $700/month
12% $700 - $1,000/month
25% $1,001 - $1,500/month
62% $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 $1,446, you’ll want to make about $4,820 per month or $57,840 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

181 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.

View the Lenoir City Area Guide

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Farragut

    Farragut

    Avg Rent: $1,777/month

  • Loudon

    Loudon

    Avg Rent: $416/month

  • Oak Ridge

    Oak Ridge

    Avg Rent: $1,102/month

  • Kingston

    Kingston

    Avg Rent: $1,025/month

  • Louisville

    Louisville

    Avg Rent: $1,064/month

  • Oliver Springs

    Oliver Springs

    Avg Rent: $875/month

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 | $1,640 - $2,099

Vintage Creekwood Park Apartments

Vintage Creekwood Park Apartments

245 Creekwood Cove Ln,
Lenoir City, TN 37772

1-3 Beds | $1,429 - $2,064

Authentix Town Creek

Authentix Town Creek

494 Town Creek Pky,
Lenoir City, TN 37771

Studio - 3 Beds | $1,334 - $2,124

Universal at Town Creek

Universal at Town Creek

700 Town Creek Pky,
Lenoir City, TN 37771

1-3 Beds | $1,279 - $2,069

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Frequently Asked Questions

What is the average rent in Lenoir City?

The average rent in Lenoir City is $1,446 per month, which is 13.0% lower than the national average of $1,663.

Are rents going up or down in Lenoir City?

Rents in Lenoir City, TN are decreasing, with prices down 2.9% year-over-year and $42 less per month.

What rent range is most common in Lenoir City?

In Lenoir City, TN, 62% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.

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 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.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity