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

Loretto, TN

As of August 2025, Loretto's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Loretto's average rent is 29.8% ($422) lower than the Tennessee average of $1,417 and 44.4% ($795) lower than the U.S. average of $1,790.

Average Rent

$995

Monthly ChangeMonth Over Month Change

0.5% ($5)

Yearly ChangeYear Over Year Change

No change

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$945	2.6% ($24)	No change
2 Beds	$1,045	1.9% ($19)	No change
3 Beds	$1,531	0.5% ($7)	No change

Nearby Cities	Average Rent	Avg. Rent vs. LorettoAverage Rent vs. Loretto	Avg. Days on MarketAverage Days on Market
Killen	$731	26.5% ($264)	53 days
Rogersville	$900	9.5% ($95)	49 days
Florence	$818	17.8% ($177)	46 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Loretto Rental Market FAQs

Explore rental prices, market trends, and availability in Loretto, TN.

What is the average rent in Loretto, TN?

The average rent in Loretto, TN is $995 per month.

What is the rental price range for homes in Loretto, TN?

Homes in Loretto typically rent for between $662 and $1,990 per month, with an average of $995 per month.

What is the average rent for different bedroom sizes in Loretto, TN?

In Loretto, the average rent for a 1-bedroom home is $945 per month, for a 2-bedroom home, $1,045 per month, and a 3-bedroom home is $1,531 per month.

How do rent prices in Loretto, TN compare with the national average?

The average rent in Loretto is 44.4% ($795) lower than the national average of $1,790 per month.

How competitive is the rental market in Loretto, TN?

The rental market in Loretto, TN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Loretto, TN?

In Loretto, TN, the average rental stays on the market for approximately 37 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Loretto, TN?

There is currently 1 rental property available in Loretto, TN.

Can I afford to rent a home in Loretto, TN?

Based on the current averages, a household would need an annual income of $41,800 to comfortably afford a 2-bedroom home in Loretto.