Cleveland, 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 Cleveland, Tennessee rental market.
Cleveland, Tennessee
Average Apartment Rent
$1,301
Y-o-Y Change in Average
Apartment Rent
-5.8%
As of March 2026
Compared to a year ago, Cleveland, Tennessee apartments have recorded a -5.8% rent decrease.
Cleveland, Tennessee Average apartment rent trend
Cleveland, Tennessee Average Apartment Rent
Cleveland, Tennessee Apartment rent ranges
At 46.87%, apartments priced $1,000 - $1,500 represent the bulk of Cleveland, Tennessee rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 0.35%.
Cleveland, Tennessee Housing tenure**
Renters take up 50% of Cleveland, Tennessee real estate, occupying a total of 8,843 units, while homeowners live in 8,958 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$36,716
Average household size of renter-occupied housing units**
2.38
Rental vacancy rate**
3%
Cleveland, Tennessee Renter-occupied housing units by no. of bedrooms**
There are 4,649 rentals in Cleveland, Tennessee with 2 beds making up the highest share of the market, at 53%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 69 units. Overall, the median number of rooms in Cleveland, Tennessee homes for rent is 4.2.
Cleveland, Tennessee Renter-occupied units by age of householder**
Most condos for rent in Cleveland, Tennessee are occupied by residents in the 25 - 34 years age group (29%), followed by those in the 45 - 54 years age group (17%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Cleveland, Tennessee Renter-occupied housing units by family type**
Cleveland, Tennessee Renter-occupied housing units by the presence of own children**
A total of 4,982 apartments for rent in Cleveland, Tennessee, or 56% of all rentals are family households. Additionally, 30% of rental homes include children under the age of 18 – that’s 2,618 units. All in all, the median size of a renter-occupied household in Cleveland, Tennessee is 2.38.
Cleveland, Tennessee Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 25% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Cleveland, Tennessee.
Cleveland, Tennessee Renter-occupied units by year structure built**
The highest share of Cleveland, Tennessee apartment rentals, namely 20% or 1,737 units, were Built 1970 - 1979, followed by those Built 2010 - 2019 (18%, 1,571 units), and the ones Built 1990 - 1999 (16%, 1,427 units).
Cleveland, Tennessee Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Cleveland, Tennessee renters (45%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Cleveland, Tennessee condos for rent is 2017.
Cleveland, Tennessee Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Cleveland, Tennessee renters have 1 vehicle available per household, 31% of them have 2 vehicles available, and 12% have No vehicle available.
Cleveland, Tennessee Means of transportation to work of householders living in renter-occupied housing units**
Cleveland, 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 Cleveland, 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
