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

Louisville, TN

As of August 2025, Louisville's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Louisville's average rent is 2.0% ($28) lower than the Tennessee average of $1,417 and 22.4% ($401) lower than the U.S. average of $1,790.

Average Rent

$1,389

Monthly ChangeMonth Over Month Change

0.1% ($2)

Yearly ChangeYear Over Year Change

3% ($41)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,161	8.3% ($105)	0.3% ($3)
2 Beds	$1,396	1% ($14)	3.1% ($42)
3 Beds	$2,045	2.3% ($49)	28.7% ($456)

Nearby Cities	Average Rent	Avg. Rent vs. LouisvilleAverage Rent vs. Louisville	Avg. Days on MarketAverage Days on Market
Alcoa	$1,508	8.6% ($119)	43 days
Maryville	$1,523	9.6% ($134)	38 days
Farragut	$1,872	34.8% ($483)	36 days
Knoxville	$1,591	14.5% ($202)	35 days
Lenoir City	$1,506	8.4% ($117)	32 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Louisville Rental Market FAQs

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

What is the average rent in Louisville, TN?

The average rent in Louisville, TN is $1,389 per month.

What is the rental price range for apartments in Louisville, TN?

Apartments in Louisville typically rent for between $813 and $2,659 per month, with an average of $1,389 per month.

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

In Louisville, the average rent for a 1-bedroom apartment is $1,161 per month, for a 2-bedroom apartment, $1,396 per month, and a 3-bedroom apartment is $2,045 per month.

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

The average rent in Louisville is 22.4% ($401) lower than the national average of $1,790 per month.

How have rent prices in Louisville, TN changed recently?

The average rent in Louisville has increased by 0.1% ($2) in the last month and increased by 3.0% ($41) over the past year.

How competitive is the rental market in Louisville, TN?

The rental market in Louisville, 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 Louisville, TN?

In Louisville, 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.

How many rental properties are available in Louisville, TN?

There are currently 10 rental properties available in Louisville, TN.

Can I afford to rent an apartment in Louisville, TN?

Based on the current averages, a household would need an annual income of $55,840 to comfortably afford a 2-bedroom apartment in Louisville.