Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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What to Know About
Life in Collierville & Beyond
Collierville shares many of the great qualities that make Tennessee a desirable place to live.
Tennessee is known for its dazzling natural beauty, rich history, and vibrant culture. With its rolling hills, majestic mountains, and sparkling waterways, Tennessee has something for everyone from the Great Smoky Mountains National Park, the Memphis Zoo, the Country Music Hall of Fame, and the Jack Daniel's Distillery. Tennessee is also home to respected institutions such as Vanderbilt University and the University of Tennessee. In addition, Tennessee's economy is also thriving, driven by a mix of industries, including healthcare, finance, and manufacturing.
For adventure seekers, there is plenty to do in Tennessee, from fishing in the Tennessee River to hiking in the Smoky Mountains. Sports fans can cheer on the Tennessee Titans (NFL), Nashville Predators (NHL), and Memphis Grizzlies (NBA). Discover and indulge in famous attractions like the Ryman Auditorium, the Parthenon, and Graceland. The state is also known for its rich music history, including blues, country, and rock-and-roll, and there is a thriving theater and arts scene in cities like Nashville and Memphis.
Its high quality of life, strong economy, and friendly community make Tennessee a great place to call home.
Rental Market Trends
Collierville, TN
As of June 2026, Collierville's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Collierville's average rent is 10.7% ($150) lower than the Tennessee average of $1,397 and 30.6% ($550) lower than the U.S. average of $1,797.
Average Rent
$1,247
Monthly ChangeMonth Over Month Change
0.4% ($5)
Yearly ChangeYear Over Year Change
9.8% ($135)
Avg. Days on MarketAverage Days on Market
39
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,057 | 0.3% ($3) | 6.1% ($69) |
| 2 Beds | $1,245 | 0.2% ($3) | 9.9% ($137) |
| 3 Beds | $2,114 | 6.9% ($136) | 5% ($100) |
| Nearby Cities | Average Rent | Avg. Rent vs. ColliervilleAverage Rent vs. Collierville | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Cordova | $1,249 | 0.2% ($2) | 30 days |
| Olive Branch | $1,808 | 45% ($561) | 34 days |
| Oakland | $1,593 | 27.7% ($346) | 32 days |
| Arlington | $1,890 | 51.6% ($643) | 28 days |
| Southaven | $1,495 | 19.9% ($248) | 30 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Collierville Rental Market FAQs
Explore rental prices, market trends, and availability in Collierville, TN.
The average rent in Collierville, TN is $1,247 per month.
Apartments in Collierville typically rent for between $740 and $2,748 per month, with an average of $1,247 per month.
In Collierville, the average rent for a 1-bedroom apartment is $1,057 per month, for a 2-bedroom apartment, $1,245 per month, and a 3-bedroom apartment is $2,114 per month.
The average rent in Collierville is 30.6% ($550) lower than the national average of $1,797 per month.
The average rent in Collierville has increased by 0.4% ($5) in the last month and decreased by 9.8% ($135) over the past year.
The rental market in Collierville, TN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Collierville, TN, the average rental stays on the market for approximately 39 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 10 rental properties available in Collierville, TN.
Based on the current averages, a household would need an annual income of $49,800 to comfortably afford a 2-bedroom apartment in Collierville.
