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Rental Market Trends in Millington, TN

What is the average rent in Millington, TN?

$1,173/month

Average Rent

576 Sq Ft

Average Apartment Size

+0.5%

Increase in the Last Year

As of September 2025, the average rent in Millington, TN is $1,173 per month. This is 28% lower than the national average rent of $1,639/month, making renting in Millington more affordable than most cities in the US. When you rent an apartment in Millington, you can expect to pay about per month for a studio, $1,173 for a one-bedroom apartment, and around $1,289 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,204 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,173/month
576 Sq Ft
Two Bedroom
$1,289/month
1,010 Sq Ft
Three Bedroom
$1,204/month
1,204 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,551/month
1,298 Sq Ft
Four Bedroom
$2,003/month
1,514 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 Millington, TN?

In the past year, rent has increased by 0.5%, which averages out to $6 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 September 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Millington, TN
Last Updated September 2025
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Millington, TN
Percentage*
Rent Range
0% Below $700/month
50% $700 - $1,000/month
17% $1,001 - $1,500/month
33% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Millington is $1,173, you’ll want to make about $3,910 per month or $46,920 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

Millington, TN

86 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Millington, 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 Millington, TN

Apartment Averages

Nearby City Rent Trends

  • Bartlett Average Rent
  • Atoka Average Rent
  • Lakeland Average Rent
  • Arlington Average Rent
  • Cordova Average Rent
  • Memphis Average Rent

Apartment communities in Millington we think you'll love

The One at Millington

The One at Millington

8456 Golden Hawk Dr,
Millington, TN 38053

$1,550 - $2,005

1-3 Beds

The Easton Apartment Homes

The Easton Apartment Homes

2266 N Big Creek View Cir,
Millington, TN 38053

$1,129 - $1,699

1-3 Beds

The Chelsea Millington

The Chelsea Millington

8594 Blue Creek Cir,
Millington, TN 38053

$1,450 - $2,000

2-3 Beds

5923 Willow Springs Dr

5923 Willow Springs Dr

5923 Willow Springs Dr,
Millington, TN 38053

$1,300

3 Beds

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United States Tennessee Millington 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 September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity