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.
•11 min read
What to Know About
Life in McMinnville & Beyond
McMinnville 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
McMinnville, TN
As of June 2026, McMinnville's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. McMinnville's average rent is 38.1% ($532) lower than the Tennessee average of $1,397 and 51.9% ($932) lower than the U.S. average of $1,797.
Average Rent
$865
Monthly ChangeMonth Over Month Change
0.7% ($6)
Yearly ChangeYear Over Year Change
3.7% ($33)
Avg. Days on MarketAverage Days on Market
38
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $733 | 0.8% ($6) | 8% ($54) |
| 2 Beds | $863 | 0.7% ($6) | 3.6% ($30) |
| 3 Beds | $1,238 | 0.7% ($9) | 2% ($24) |
| Nearby Cities | Average Rent | Avg. Rent vs. McMinnvilleAverage Rent vs. McMinnville | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Smithville | $1,295 | 49.7% ($430) | 35 days |
| Woodbury | $883 | 2.1% ($18) | 37 days |
| Manchester | $1,414 | 63.5% ($549) | 37 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
McMinnville Rental Market FAQs
Explore rental prices, market trends, and availability in McMinnville, TN.
The average rent in McMinnville, TN is $865 per month.
Homes in McMinnville typically rent for between $600 and $1,609 per month, with an average of $865 per month.
In McMinnville, the average rent for a 1-bedroom home is $733 per month, for a 2-bedroom home, $863 per month, and a 3-bedroom home is $1,238 per month.
The average rent in McMinnville is 51.9% ($932) lower than the national average of $1,797 per month.
The average rent in McMinnville has increased by 0.7% ($6) in the last month and decreased by 3.7% ($33) over the past year.
The rental market in McMinnville, TN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In McMinnville, TN, the average rental stays on the market for approximately 38 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 6 rental properties available in McMinnville, TN.
Based on the current averages, a household would need an annual income of $34,520 to comfortably afford a 2-bedroom home in McMinnville.
