Chattanooga, Tennessee Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Chattanooga, Tennessee rental market.
Chattanooga, Tennessee
Average Apartment Rent
$1,464
Y-o-Y Change in Average
Apartment Rent
-1.1%
As of May 2026
Compared to a year ago, Chattanooga, Tennessee apartments have recorded a -1.1% rent decrease.
Chattanooga, Tennessee Average apartment rent trend
Chattanooga, Tennessee Average Apartment Rent
Chattanooga, Tennessee Apartment rent ranges
At 53%, apartments priced $1,000 - $1,500 represent the bulk of Chattanooga, Tennessee rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.17%.
Chattanooga, Tennessee Housing tenure**
Renters take up 47% of Chattanooga, Tennessee real estate, occupying a total of 35,879 units, while homeowners live in 41,137 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$42,245
Average household size of renter-occupied housing units**
2.17
Rental vacancy rate**
4.9%
Chattanooga, Tennessee Renter-occupied housing units by no. of bedrooms**
There are 15,828 rentals in Chattanooga, Tennessee with 2 beds making up the highest share of the market, at 44%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 227 units. Overall, the median number of rooms in Chattanooga, Tennessee homes for rent is 4.1.
Chattanooga, Tennessee Renter-occupied units by age of householder**
Most condos for rent in Chattanooga, Tennessee are occupied by residents in the 25 - 34 years age group (29%), followed by those in the 35 - 44 years age group (18%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Chattanooga, Tennessee Renter-occupied housing units by family type**
Chattanooga, Tennessee Renter-occupied housing units by the presence of own children**
A total of 15,198 apartments for rent in Chattanooga, Tennessee, or 42% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 8,578 units. All in all, the median size of a renter-occupied household in Chattanooga, Tennessee is 2.17.
Chattanooga, Tennessee Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 26% of the rental market. In contrast, residents with less than a high school degree reside in 11% of the homes for rent in Chattanooga, Tennessee.
Chattanooga, Tennessee Renter-occupied units by year structure built**
The highest share of Chattanooga, Tennessee apartment rentals, namely 16% or 5,751 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (13%, 4,834 units), and the ones Built 1939 or earlier (12%, 4,310 units).
Chattanooga, Tennessee Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Chattanooga, Tennessee renters (40%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Chattanooga, Tennessee condos for rent is 2018.
Chattanooga, Tennessee Renter-occupied housing units by vehicles available**
When it comes to transportation options, 48% of Chattanooga, Tennessee renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 16% have No vehicle available.
Chattanooga, Tennessee Means of transportation to work of householders living in renter-occupied housing units**
Chattanooga, Tennessee Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Chattanooga, Tennessee apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
