Home/Tennessee/Rental Market

Zillow ZORI Data · Updated Monthly

Rental Market in
Tennessee

Median rents, affordability ratios, and city-by-city breakdowns across 6 metro areas.

State Average Rent

$---

-18.5% vs national

Lowest Rent

$---

Memphis

Highest Rent

$---

Nashville

Avg Rent-to-Income

---%of annual income

Rent Landscape

Nashville

$1,772

28% income

Knoxville

$1,708

40% income

Murfreesboro

$1,683

26% income

Chattanooga

$1,499

29% income

Clarksville

$1,376

25% income

Memphis

$1,234

29% income

<30% Affordable 30-40% Stretched >40% Unaffordable National avg

All Cities

City	Median Rent	Affordability	Population
Nashville	$1,772	28.3%	687,788
Knoxville	$1,708	40.2%	198,162
Murfreesboro	$1,683	26.5%	165,430
Chattanooga	$1,499	29.5%	187,030
Clarksville	$1,376	24.7%	180,716
Memphis	$1,234	28.9%	618,639

Affordability Breakdown

Affordable (<30%)5

Stretched (30–40%)0

Unaffordable (>40%)1

Most Affordable

1.Memphis$1,234 2.Clarksville$1,376 3.Chattanooga$1,499 4.Murfreesboro$1,683 5.Knoxville$1,708

Most Expensive

1.Nashville$1,772 2.Knoxville$1,708 3.Murfreesboro$1,683 4.Chattanooga$1,499 5.Clarksville$1,376

Explore More

Housing Market Cost of Living Salaries

Data Sources & Methodology

Rent Data: According to Zillow ZORI (Zillow Observed Rent Index), the industry standard for median asking rent data.

Income Data: According to U.S. Census Bureau ACS 2023, table B19013 — median household income.

Affordability: Calculated as (Monthly Rent × 12) ÷ Annual Income × 100%. The 30% threshold is the HUD standard.

Updated monthly

Last refresh: Mar 20, 2026

Assembling your view…

Crunching costs, sorting signals, rendering insights.

Rental Market inTennessee

Assembling your view…

Rental Market inTennessee

Rental Market in
Tennessee

Rental Market in
Tennessee