This rental market report examines the average rent in Tennessee for five of the most analyzed cities on Rentometer in Q3 2023.
Summary - Year-Over-Year Rent Change
This rental market report highlights the Q3 2023 average rent prices for three-bedroom (3-BR) single-family rentals (SFRs) in these five Tennessee cities: Nashville, Knoxville, Clarksville, Chattanooga, and Memphis.
According to our data, Knoxville had the largest year-over-year rent price increase of 3%, while Nashville had a decrease of 3%.
Geography: This report considers rent changes in Rentometer’s five most analyzed SFR markets in Tennessee during Q3 2023.
Property Type: 3-BR SFRs with all bathroom counts.
Analysis: Rent data was analyzed year-over-year for each city.
Data: New rents collected at the beginning and end of each quarter are reported, excluding outliers below $500 and above $10,000.
Year-Over-Year Change in Average Rent: 3-BR SFRs
Rent prices in these five Tennessee cities experienced the following year-over-year rent increases and decreases in Q3 2023:
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Please note the research and data included in this report is aggregated from a variety of sources and many are third parties that are not affiliated with Rentometer, Inc. The information is believed to be accurate, but Rentometer, Inc. does not provide a warranty of any kind, either expressed or implied.