Skip to content
Tennessee events › Living › Rent and Home Prices
Median gross rent in Tennessee’s 15 places of 50,000 people or more runs from $907 a month in Kingsport to $1,923 in Franklin, and median home values run from $169,000 in Memphis to $705,400 in Franklin (Census ACS 2020-2024).
- Places1550,000+ people
- Lowest Rent$907Kingsport
- Highest Rent$1,923Franklin
- State Median Rent$1,189a month
Rent, Home Value and Income by City
| City | Population | Renter Households (Derived) | Median Gross Rent | Median Rent as Share of Income | Median Home Value | Median Household Income | Home Value / Income (Derived) |
|---|---|---|---|---|---|---|---|
| Nashville | 690,130 | 48% | $1,586 ±18 | 31.8% | $413,600 ±5,848 | $77,371 ±1,378 | 5.3 |
| Memphis | 618,980 | 55% | $1,181 ±12 | 33.2% | $169,000 ±3,795 | $51,736 ±1,072 | 3.3 |
| Knoxville | 195,185 | 53% | $1,191 ±22 | 31.9% | $239,700 ±5,283 | $54,039 ±1,606 | 4.4 |
| Chattanooga | 185,783 | 48% | $1,256 ±33 | 28.6% | $283,200 ±8,317 | $64,523 ±1,964 | 4.4 |
| Clarksville | 176,456 | 44% | $1,307 ±35 | 29.1% | $263,600 ±5,970 | $69,303 ±1,681 | 3.8 |
| Murfreesboro | 161,445 | 48% | $1,481 ±41 | 31.2% | $402,100 ±9,124 | $80,108 ±2,209 | 5.0 |
| Franklin | 87,133 | 36% | $1,923 ±50 | 28.7% | $705,400 ±19,866 | $119,528 ±6,576 | 5.9 |
| Johnson City | 72,222 | 49% | $1,023 ±37 | 29.8% | $268,200 ±12,691 | $57,254 ±2,942 | 4.7 |
| Jackson | 68,435 | 49% | $1,145 ±27 | 33.3% | $217,800 ±8,935 | $53,032 ±2,672 | 4.1 |
| Hendersonville | 63,091 | 28% | $1,653 ±86 | 28.7% | $430,700 ±12,256 | $97,200 ±5,841 | 4.4 |
| Bartlett | 56,876 | 14% | $1,638 ±224 | 26.7% | $310,400 ±8,134 | $102,070 ±5,744 | 3.0 |
| Smyrna | 56,692 | 43% | $1,461 ±69 | 29.7% | $358,300 ±9,643 | $81,926 ±4,555 | 4.4 |
| Kingsport | 56,262 | 40% | $907 ±39 | 29.5% | $234,100 ±12,306 | $52,490 ±2,581 | 4.5 |
| Spring Hill | 55,765 | 27% | $1,844 ±92 | 25.9% | $493,800 ±16,354 | $112,013 ±9,123 | 4.4 |
| Collierville | 51,515 | 20% | $1,691 ±84 | 22.5% | $485,900 ±11,786 | $138,598 ±6,408 | 3.5 |
Each ACS figure is an estimate with a 90 percent margin of error, shown as ± beside it. Derived columns are our arithmetic: renter households = renter-occupied / all occupied homes (table B25003); home value / income = median home value divided by median household income. Place figures describe the city limits, not the metro.
Frequently Asked Questions
What does median gross rent include?
The Census counts rent plus the estimated monthly cost of utilities and fuel the renter pays, for renter-occupied homes that pay cash rent.
Why is a town I know missing?
The table lists places of 50,000 people or more. The full list of Tennessee places is in the Census file linked below.
Can I use this to compare listings?
These are medians for everyone in a city, over five years. Asking prices today can differ a lot; use them for a first comparison only.
What We Could Not Confirm
- Census does not publish a rent figure for every place; a dash means no estimate in the file.
- We have no current asking-rent or listing data and do not estimate any.
Sources
- Census Bureau ACS 2020-2024 5-year, B01003 total population
- Census Bureau ACS, B19013 median household income
- Census Bureau ACS, B25064 median gross rent
- Census Bureau ACS, B25077 median home value
- Census Bureau ACS, B25003 tenure (owner and renter households)
- Census Bureau ACS, B25071 rent as a share of income
Read on October 30, 2026. Each ACS figure is an estimate with a 90 percent margin of error, shown as ± beside it. How we check: editorial standards; spot a mistake? Tell us.
Cite this page: It's Tennessee, “Rent and Home Prices in Tennessee by City”, itstennessee.com/living/rent-and-home-prices-by-city/ (updated ). By the It's Tennessee editorial team. Free to quote with attribution and a link to this page; data and tables are licensed CC BY 4.0.