Rental Market Trends in Tennessee
Updated July 2026
$1,365/month
Average Rent
-0.7%
Decrease in the Last Year
-$9
Average Price Decrease
Ranked 26th
Least Expensive Rent by State
44,931
Available Rentals
Kingsport, TN
City with the Lowest Rent
What is the average rent in Tennessee?
As of July 2026, the average rent in Tennessee is $1,365/month. When you rent an apartment in Tennessee, you can expect some variability depending on the region. For instance, metropolitan areas may have higher rents than smaller towns and rural areas. In general, you can expect to pay about $1,336 per month for a studio, $1,365 for a one-bedroom apartment, and around $1,509 for a two-bedroom apartment in Tennessee. If you opt for a three-bedroom rental, you could pay $1,887 or more.
Rent by City
What are the most affordable cities in Tennessee?
Based on current rent prices, the cheapest cities in Tennessee to live are Kingsport, Johnson City and Memphis.
What are the most expensive cities in Tennessee?
Based on current rent prices, the most expensive cities in Tennessee to live are Franklin, Nashville and Collierville.
Nearby State Markets
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Methodology
† 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.
State graphics provided by ProPublica
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