Average Rent in Tennessee

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Current Versus Historical Tennessee Rents

Tennessee rentals average $2,150 for a 2-bedroom rental to $2,150 for a 2-bedroom rental. The median price of all currently available listings is $2,150, or roughly $2 per square feet.

For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $941 (77.90%) year-over-year from $1,208 to $2,149. 1-bedroom rentals prices have increased by $466 (34.78%) year-over-year from $1,341 to $1,807. 2-bedroom rentals prices have increased by $1,040 (59.63%) year-over-year from $1,744 to $2,784. 3-bedroom rentals prices have increased by $26 (1.42%) year-over-year from $1,810 to $1,836. 4-bedroom rentals prices have decreased by $248 (-10.12%) year-over-year from $2,447 to $2,199. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 28.32% this month. 1-bedroom rents have gone up by 3.77% this month. 2-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone up by 1.60% this month. 4-bedroom rents have gone up by 2.35% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
2 BR	$1.50	$2,784	$1,744 (59.63%)	$2,027 (37.35%)

Historical Rents in Tennessee

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Tennessee

There are a total of 24 cities nearby Tennessee. The average rent in Tennessee is currently $1,973 per month. A total of 16 cities nearby have an average rent lower than that. Our records show that Fayetteville, NC, with an average rent of $1,395, is the most affordable city nearby. In contrast, the most expensive city near Tennessee is North Atlanta, GA. Monthly rents here are on average $3,173 per month.

Let's compare Tennessee's rent against other top cities nearby by bedroom size. One bedrooms are about inf% more affordable. Two bedrooms in Tennessee are about 27.50% more expensive. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 10 cities out of 24 total cities near Tennessee in the following chart.

City	Studio	1 Bed	2 Bed	All
Nashville, TN	$1,106	$1,333	$1,516	$1,437
Union City, GA	N/A	N/A	N/A	$1,984
East Point, GA	N/A	N/A	$1,498	$1,995
Sandy Springs, GA	$1,430	$1,515	$1,905	$2,100
Atlanta, GA	$1,445	$1,797	$2,500	$2,400
Smyrna, GA	N/A	$1,560	$1,913	$2,450
Mableton, GA	N/A	$1,500	$2,800	$2,495
Alpharetta, GA	N/A	$1,834	$2,000	$2,873
Johns Creek, GA	N/A	$1,604	$1,864	$3,000
North Atlanta, GA	N/A	$1,688	$1,887	$3,173

Top Neighborhoods Near Tennessee

There are a total of 6 neighborhoods in or near Tennessee. Some of these neighborhoods include Terry Sanford, Westover, and Seventy-First. We've included all of these top 6 neighborhoods in or near Tennessee in the following chart.

The average rent for these 6 neighborhoods in or near Tennessee is currently around $1,848 per month. A total of 3 neighborhoods have a lower average rent. Meaning, only three neighborhoods have a higher average rent than $1,848. Out of all the neighborhoods in or near Tennessee, Terry Sanford has the most affordable average rent at $1,323 per month. Whereas, at $3,795 average rent per month, North Buckhead is the most expensive neighborhood in or near Tennessee. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Terry Sanford, Fayetteville, NC	N/A	$750	$1,048	$1,323
Westover, Fayetteville, NC	N/A	$775	$1,125	$1,350
Seventy-First, Fayetteville, NC	N/A	$825	$995	$1,395
Midtown, Atlanta, GA	$1,383	$1,875	$2,750	$2,300
Old Fourth Ward, Atlanta, GA	$1,815	$2,007	$2,985	$2,842
North Buckhead, Atlanta, GA	N/A	$1,900	$3,150	$3,795

Top Counties Near Tennessee

There are a total of 6 counties located by Tennessee. Some of these counties include Davidson, TN, Carroll, GA, and Douglas, GA. The average rent for rentals in these counties is $2,000. That's roughly around $1 per sqft. A total of 29 counties have a lower average rent. The county that is the most affordable is Cumberland, NC. It's average rent per month is $1,400. Vice versa, with an average rent of $2,700, Fayette, GA is the most expensive county by Tennessee.

In comparison, rent for one bedroom listings in Tennessee is inf% more affordable than other counties nearby. Finally, rent for two bedrooms in Tennessee is 22.91% more expensive than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Davidson, TN	$1,106	$1,333	$1,516	$1,437
Carroll, GA	N/A	$1,065	$1,700	$1,920
Douglas, GA	N/A	N/A	$1,500	$1,943
Paulding, GA	N/A	$1,999	$1,800	$2,000
Dawson, GA	N/A	N/A	$1,400	$2,000
Bartow, GA	N/A	N/A	$1,665	$2,000
Fulton, GA	$1,440	$1,750	$2,295	$2,315
Cobb, GA	N/A	$1,600	$1,963	$2,400
Cherokee, GA	N/A	$1,588	$1,934	$2,405
Forsyth, GA	N/A	$1,608	$1,750	$2,647

Top Zipcodes Near Tennessee

There are a total of 30 zipcodes in or near Tennessee. The average rent for all of these zipcodes is $2,159. A total of 15 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 27606, Wake County, NC at $1,673 per month. In comparison, the zipcode with the most expensive average rent of $3,800 per month is 30342, Sandy Springs, GA.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Tennessee is $1,532 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,830 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Tennessee. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
30318, Atlanta, GA	$1,484	$1,645	$2,495	$2,490
30309, Atlanta, GA	$1,332	$1,875	$2,750	$2,400
30024, Gwinnett County, GA	N/A	$1,536	$1,920	$2,655
30328, Sandy Springs, GA	$1,430	$1,564	$1,959	$2,063
30080, Smyrna, GA	N/A	$1,540	$1,800	$2,350
30058, DeKalb County, GA	N/A	N/A	$1,410	$1,900
28208, Charlotte, NC	N/A	$1,397	$1,498	$1,795
27519, Cary, NC	N/A	$1,527	$2,043	$2,350
28269, Charlotte, NC	N/A	$1,331	$1,675	$2,000
30253, McDonough, GA	N/A	N/A	$1,525	$2,055

Frequently Asked Questions - Tennessee Average Rents

What is the average rent price in Tennessee?

The average monthly rental price for Tennessee apartments for rent is approximately $2,150. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Tennessee rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Tennessee.

How much is a studio apartment in Tennessee?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Tennessee.

How much is a one bedroom apartment in Tennessee?

The average monthly rental price for one bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 0 one bedroom apartment listings currently available for rent in Tennessee.

How much is a two bedroom apartment in Tennessee?

The average monthly rental price for two bedroom apartments is $2,150 and an average price per square feet of $1.50. There are a total of 2 two bedroom apartment listings currently available for rent in Tennessee.

How have rent prices in Tennessee changed this year?

Rent prices for rentals in Tennessee can fluctuate yearly. Specifically, studio rental prices have changed by 0.78%, one bedroom rental prices have changed by 0.35%, two bedroom rental prices have changed by 0.60%, and three bedroom rental prices have changed by 0.01% year-over-year.

What is a reasonable rent price in Tennessee?

A reasonable rent price in Tennessee is around $1,720/month. You can search for these reasonably priced rental listings on RentHop.