Renter Resources
What Renters Must Photograph Before Moving In
Your landlord just gave you the keys. You're excited to move in, but one thing that could cost you hundreds later is not documenting what's already broken.
•8 min read
What to Know About
Living in Tennessee
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
Tennessee
As of June 2025, Tennessee's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Tennessee's average rent is 16.6% ($296) lower than the U.S. average of $1,784.
Average Rent
$1,488
Monthly ChangeMonth Over Month Change
6.7% ($107)
Yearly ChangeYear Over Year Change
12.2% ($206)
Avg. Days on MarketAverage Days on Market
34
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,160 | 0.9% ($11) | 3.6% ($43) |
| 2 Beds | $1,424 | 1.3% ($19) | 1.8% ($26) |
| 3 Beds | $2,075 | 2% ($43) | 0.6% ($12) |
| Top Markets in Tennessee | Average Rent | Avg. Rent vs. TNAverage Rent vs. Tennessee | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Memphis | $1,160 | 22% ($328) | 36 days |
| Clarksville | $1,240 | 16.7% ($248) | 35 days |
| Nashville | $1,658 | 11.4% ($170) | 29 days |
| Knoxville | $1,632 | 9.7% ($144) | 35 days |
| Chattanooga | $1,406 | 5.5% ($82) | 30 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Tennessee Rental Market FAQs
Explore rental prices, market trends, and availability in Tennessee.
The average rent in Tennessee is $1,488 per month.
Homes in Tennessee typically rent for between $812 and $2,698 per month, with an average of $1,488 per month.
In Tennessee, the average rent for a 1-bedroom home is $1,160 per month, for a 2-bedroom home, $1,424 per month, and a 3-bedroom home is $2,075 per month.
The average rent in Tennessee is 16.6% ($296) lower than the national average of $1,784 per month.
The average rent in Tennessee has decreased by 6.7% ($107) in the last month and decreased by 12.2% ($206) over the past year.
The rental market in Tennessee, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Tennessee, the average rental stays on the market for approximately 34 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
Based on the current averages, a household would need an annual income of $56,960 to comfortably afford a 2-bedroom home in Tennessee.
