Rental Market Trends in Tennessee
$1,348/month
Average Rent
-1.4%
Decrease in the Last Year
-$19
Average Price Decrease
Ranked 23rd
Least Expensive Rent by State
48,078
Available Rentals
Johnson City, TN
City with the Lowest Rent
What is the average rent in Tennessee?
As of April 2026, the average rent in Tennessee is $1,348/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 $1,308 per month for a studio, $1,348 for a one-bedroom apartment, and around $1,489 for a two-bedroom apartment in Tennessee. If you opt for a three-bedroom rental, you could pay $1,873 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 Johnson City, Kingsport and Memphis.
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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