The Summit Townhomes
100 Lisa's Way,
Oak Ridge, TN 37830
3-4 Beds | $2,218 - $2,561
Rental Market Trends in Oak Ridge, TN
Updated September 2026
The average rent in Oak Ridge, TN is $1,122/month.
Rent in Oak Ridge is 33% lower than the national average rent of $1,664/month, making this one of the less expensive cities statewide.
$1,122/month
Average Rent
649 Sq Ft
Average Size
+5.1%
Change / Year
165
Available Apartments
Oak Ridge rent varies by unit size and layout:
- Studio apartments in Oak Ridge average $1,016 per month.
- One-bedroom apartments in Oak Ridge average $1,122 per month.
- Two-bedroom apartments in Oak Ridge average $1,347 per month.
- Three-bedroom apartments in Oak Ridge average $2,045 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
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Oak Ridge, TN?
In the past year, rent has increased by 5.1%, which averages out to $57 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Oak Ridge, TN
September 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
12%
Below $700/month
24%
$700 - $1,000/month
35%
$1,001 - $1,500/month
18%
$1,501 - $2,000/month
12%
Above $2,000/month
What salary do I need to live comfortably in Oak Ridge, TN?
Because the average rent in Oak Ridge is $1,122, you’ll want to make about $3,740 per month or $44,880 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 Oak Ridge, TN compare to other nearby cities and neighborhoods?
Use the tool below to compare Oak Ridge, 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 Oak Ridge Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Oliver Springs
Avg Rent: $875/month
-
Farragut
Avg Rent: $1,777/month
-
Lenoir City
Avg Rent: $1,401/month
-
Kingston
Avg Rent: $1,025/month
-
Clinton
Avg Rent: $873/month
Apartment Communities in Oak Ridge We Think You'll Love
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Frequently Asked Questions
What is the average rent in Oak Ridge?
The average rent in Oak Ridge is $1,122 per month, which is 32.6% lower than the national average of $1,664.
What is the average rent for a house in Oak Ridge?
The average rent for a house in Oak Ridge, TN is $2,146 per month.
What is the average rent for a townhome in Oak Ridge?
The average rent for a townhome in Oak Ridge, TN is $1,517 per month.
Are rents going up or down in Oak Ridge?
Rents in Oak Ridge, TN are increasing, with prices up 5.1% year-over-year and $57 more per month.
What rent range is most common in Oak Ridge?
In Oak Ridge, TN, 35% 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 September 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.