Average Rent Prices in Tennessee (TN)
$1,2491
Average
$9111
Studio
$9521
1BR
$1,1721
2BR
$1,5261
3BR
$1,7291
4BR
🪄 RentalRealEstate Quick Answer
Tennessee’s average fair market rent is $1,249/month, ranking 15th among US states lowest rent prices and 19.48% below the $1,551 national average. This page covers Tennessee’s statewide rent averages by bedroom count, metro-area rent comparisons, and rent context versus neighboring states and national benchmarks.
As of 2026, the overall average fair market rent for a residential rental property in Tennessee is $1,249. Average rent prices in Tennessee sit below the national average rent of $1,551, in which Tennessee ranks as the 15th lowest rent among all 50 states and the 36th highest rent among all 50 states within the United States. In Tennessee’s large metropolitan areas such as Nashville, TN, the average rent prices tend to be higher, while alternative areas such as Murfreesboro, TN, can provide more affordable options.
Tennessee (TN) National Rent Rankings
15th
Lowest Rent Among 50 States
36th
Highest Rent Among 50 States
Below
The National Rent Average
$302
Per Month Below National Rent Average
19.48%
Per Month Below National Rent Average
Average Rent Prices in Tennessee (TN) Visual Chart
Studio
A one-room unit with a private bathroom.
1BR
A unit that has a separate bathroom and a separate bedroom.
2BR
A unit that has two separate and distinct bedrooms.
3BR
A unit that has 3 separate and distinct bedrooms.
4BR
A unit that has 4 separate and distinct bedrooms.
Fair Market Rent
Gross rent estimate for a standard rental unit in a given market.
Average Rent Prices in Tennessee (TN) by Metro Area
| wdt_ID | Metro | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|---|
| 1 | Campbell County, TN HUD Metro FMR Area | 717 | 722 | 947 | 1249 | 1254 |
| 2 | Chattanooga, TN-GA MSA | 1211 | 1263 | 1390 | 1734 | 1853 |
| 3 | Clarksville, TN-KY HUD Metro FMR Area | 1090 | 1094 | 1346 | 1871 | 2258 |
| 4 | Cleveland, TN MSA | 850 | 940 | 1233 | 1584 | 1633 |
| 5 | Crockett County, TN HUD Metro FMR Area | 753 | 842 | 1083 | 1389 | 1615 |
| 6 | Gibson County, TN HUD Metro FMR Area | 645 | 706 | 927 | 1289 | 1555 |
| 7 | Grainger County, TN HUD Metro FMR Area | 712 | 717 | 941 | 1241 | 1246 |
| 8 | Hickman County, TN HUD Metro FMR Area | 827 | 832 | 992 | 1277 | 1664 |
| 9 | Jackson, TN HUD Metro FMR Area | 869 | 960 | 1260 | 1677 | 1758 |
| 10 | Johnson City, TN MSA | 887 | 893 | 1132 | 1398 | 1548 |
| 11 | Kingsport-Bristol, TN-VA MSA | 720 | 818 | 1044 | 1338 | 1464 |
| 12 | Knoxville, TN HUD Metro FMR Area | 1177 | 1184 | 1471 | 1864 | 2172 |
| 13 | Macon County, TN HUD Metro FMR Area | 847 | 887 | 972 | 1290 | 1504 |
| 14 | Maury County, TN HUD Metro FMR Area | 1131 | 1138 | 1349 | 1701 | 1912 |
| 15 | Memphis, TN-MS-AR HUD Metro FMR Area | 1060 | 1154 | 1274 | 1683 | 1959 |
| 16 | Morgan County, TN HUD Metro FMR Area | 748 | 753 | 988 | 1303 | 1308 |
| 17 | Morristown, TN HUD Metro FMR Area | 881 | 887 | 1135 | 1444 | 1827 |
| 18 | Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area | 1507 | 1578 | 1730 | 2211 | 2696 |
| 19 | Roane County, TN HUD Metro FMR Area | 912 | 918 | 1092 | 1432 | 1832 |
| 20 | Smith County, TN HUD Metro FMR Area | 796 | 801 | 1051 | 1368 | 1392 |
| 21 | Stewart County, TN HUD Metro FMR Area | 692 | 815 | 1004 | 1396 | 1684 |
| Metro | Studio | 1BR | 2BR | 3BR | 4BR |
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2026.
Year-Over-Year Changes in Tennessee (TN) Rent Prices
0.72%
or
$9
Year-Over-Year Decrease
$1,2581
2025 Average Historical Rent Price
$1,2491
2026 Average Current Rent Price
$1,2401
2027 Projected Average Rent Price
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2025, 2026, and estimated 2027 projection.
Tennessee (TN) Rental Real Estate Resources
Tennessee Rental Property Management
Tennessee rental property management focuses on handling tenant relations, property maintenance, and legal compliance to help property owners maximize their investment returns.
Tennessee Rental Property Insurance
Tennessee landlord insurance provides real estate investors with essential protection against financial losses caused by property damage, liability claims, loss of rental income, and other risks.
Tennessee Rental Property Loans
Tennessee rental property loans provide investors with financing solutions to buy or refinance properties in a state known for its thriving music cities and growing rental markets in places like Nashville and Memphis.
Tennessee Rental Lease Agreements
Residential rental agreement templates in Tennessee provide a structured format for outlining the terms of a rental arrangement, including rent, lease duration, and the obligations of both landlords and tenants.
The #1 Rental Property Newsletter
Once a month, we send out an exclusive Rental Property Market Update with top stories, current mortgage rates, building products, and more. No spam and unsubscribe anytime.
Tennessee (TN) Rent Price Calculators
Need help with rent-related math? Use our rental property calculators to handle everything from price adjustments to fee calculations in just a few clicks.
Average Rent Prices in Other US States 2026
Rent prices for each state across the United States can greatly vary. Click on a State below to see the specific fair market residential rent prices for that state:
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1Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout the United States, excluding Puerto Rico.
Methodology
Areas with insufficient inventory or populations less than 25,000 were excluded from this analysis. Averages are based on the combined average of 0-4 bedroom residential rental properties throughout the United States excluding Puerto Rico.
Data
Rent prices are based on aggregated data from one and/or several sources noted below:
Disclaimer
The information included is used for illustrative purposes only. The data contained herein does not constitute financial, legal, or any material advice. Data is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals before making any material decisions.