Executive Places
1332 W Andrew Johnson Hwy,
Morristown, TN 37814
$3,500
3 Beds
Rental Market Trends in Morristown, TN
What is the average rent in Morristown, TN?
$994/month
Average Rent
609 Sq Ft
Average Apartment Size
-1.4%
Decrease in the Last Year
As of January 2026, the average rent in Morristown, TN is $994 per month. This is 39% lower than the national average rent of $1,624/month, making renting in Morristown more affordable than most cities in the US. When you rent an apartment in Morristown, you can expect to pay about per month for a studio, $994 for a one-bedroom apartment, and around $1,134 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,386 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 Morristown, TN?
In the past year, rent has decreased by 1.4%, which averages out to $14 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 January 2026
Legend
2025
2026
Rent Ranges in Morristown, TN
Last Updated January 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
16%
Below $700/month
26%
$700 - $1,000/month
47%
$1,001 - $1,500/month
5%
$1,501 - $2,000/month
5%
Above $2,000/month
What salary do I need to live comfortably in Morristown, TN?
Because the average rent in Morristown is $994, you’ll want to make about $3,313 per month or $39,756 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.
Cost of Living
The cost of living in Morristown, TN is 11.8% lower than the national average. Generally, housing in Morristown is 22.7% less expensive than the national average, with rent falling between $0 - $1,386. You can expect to pay 5.6% less for groceries, 5.6% less for utilities, and 17.4% less for transportation.
How does Morristown, TN compare to other nearby cities and neighborhoods?
Use the tool below to compare Morristown, 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.
Nearby City Rent Trends
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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 November 2025.
* Percentages may not total 100 due to rounding.