Chattanooga, TN Rental Market
Chattanooga has reinvented itself as one of America's most innovative mid-size cities. The first U.S. city to offer city-wide gigabit internet, Chattanooga has attracted a thriving tech startup scene and remote workers seeking high quality of life. The Volkswagen assembly plant is a major employer, and a booming outdoor tourism economy — rooted in the Tennessee River and Appalachian trail access — keeps the city growing and the rental market competitive.
Get a rent estimate for an address in ChattanoogaAverage Rent in Chattanooga, TN
$1,320
per month · 2026-06
Market Score
Key Facts — Chattanooga, TN Rental Market
- Average rent in Chattanooga, TN:$1,320/mo
- Median rent:$1,214/mo
- Rent range:$650 – $2,900/mo
- Most common rental (2 bedrooms):$1,150/mo
- Active listings:920
- Avg days to lease:29 days
- Year-over-year change:+4.0%
- Median home value:$250,000
- Est. gross annual yield:6.3%
- Data as of:2026-06
Rent by Bedroom in Chattanooga, TN
Average monthly rent for each bedroom type based on current active listings in Chattanooga.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $950/mo |
2 Bedrooms | $1,150/mo |
3 Bedrooms | $1,475/mo |
4 Bedrooms | $1,825/mo |
5 Bedrooms | $2,075/mo |
Chattanooga Rental Market Statistics
Key indicators from the current Chattanooga, TN rental market.
920
Available now in Chattanooga
29
From list to lease
$1.02
Average across listings
1,300 sq ft
Typical rental size
$650 – $2,900
Min to max active listings
+4.0%
Avg rent vs. prior year
Investing in Chattanooga, TN Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$250,000
Typical purchase price in Chattanooga
Est. Gross Annual Yield
6.3%
Before expenses & vacancy
Avg Monthly Income
$1,320
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Chattanooga for a full cash-flow breakdown including all costs.
Chattanooga, TN Rental Market FAQ
Common questions about renting and investing in Chattanooga, TN.
What is the average rent in Chattanooga, TN?
The average rent in Chattanooga, TN is $1,320 per month as of 2026. One-bedroom apartments average $950/mo, two-bedrooms $1,150/mo, and three-bedroom homes $1,475/mo. The North Shore and Southside districts carry premiums, while Hamilton County suburbs offer more affordable options.
Is Chattanooga, TN a good place to invest in rental property?
Chattanooga offers a 6.3% estimated gross annual yield with steady 4.0% year-over-year rent growth. Its diversified economy — combining manufacturing (Volkswagen), tech, healthcare, and tourism — reduces single-sector risk. The city's national profile as an innovative city continues to attract in-migration, supporting sustained rental demand.
What makes Chattanooga's rental market unique compared to other Tennessee cities?
Chattanooga's city-wide gigabit internet infrastructure has made it a destination for remote workers and tech companies, creating demand from a younger, higher-income demographic alongside its traditional manufacturing and healthcare workforce. This blend of tenant profiles supports broad demand across rent levels.
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