Tennessee Rent Report
Tennessee has become one of the South's most in-demand rental destinations, with Nashville experiencing explosive growth driven by corporate relocations, healthcare, music industry employment, and a major influx of out-of-state migrants. Nashville rents average $1,600 to $2,200 per month, while Memphis, Knoxville, and Chattanooga offer more affordable options in the $1,000–$1,400 range. Tennessee's lack of income tax and business-friendly environment continue to accelerate population and job growth.
Analyze a Rental Property in TennesseeKey Facts — Tennessee Rental Market
Markets Covered
4
Major cities tracked statewide
ZIP Codes Tracked
4
ZIP-level rental data available
Data as of
October 2026
Refreshed with current listings
Top Rental Markets in Tennessee
Explore rental data, average rents, and market trends for the top cities across Tennessee.
Explore Rental Markets by ZIP Code in Tennessee
Dive into neighborhood-level rental data with ZIP code-specific rent estimates, comps, and market trends across Tennessee.
Investing in Tennessee Rental Properties
Nashville's rental market offers strong appreciation potential but investors should target outer suburbs and workforce housing price points to optimize yield against the city's rising property values. Memphis stands out as a high-yield cash-flow market with some of the country's best rent-to-price ratios, though it requires diligent neighborhood research and property management. Chattanooga and Knoxville are compelling mid-tier markets with growing corporate bases and university demand.
- Analyze any property in Tennessee for cash flow, cap rate, and rent comps
- Compare markets across Tennessee to find the best yield opportunities
- Track rental trends across 4 major markets statewide
Tennessee Rental Market FAQ
Common questions about renting and investing in Tennessee.
What is the average rent in Tennessee?
Rent across Tennessee varies by city and neighborhood. Our data covers 4 major markets statewide. Use Rent Report to analyze any specific property in Tennessee for a precise rent estimate.
What are the best cities to invest in rental property in Tennessee?
Nashville's rental market offers strong appreciation potential but investors should target outer suburbs and workforce housing price points to optimize yield against the city's rising property values. Memphis stands out as a high-yield cash-flow market with some of the country's best rent-to-price ratios, though it requires diligent neighborhood research and property management. Chattanooga and Knoxville are compelling mid-tier markets with growing corporate bases and university demand.
How can I analyze a rental property in Tennessee?
Rent Report provides instant rental analysis for properties across Tennessee. Enter any address to get rent estimates, cash flow projections, cap rate analysis, and comparable rentals — free for your first searches.
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