Gray, 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 Gray, Tennessee rental market.
Gray, Tennessee
Average Apartment Rent
$1,471
Y-o-Y Change in Average
Apartment Rent
-0.5%
As of March 2026
Compared to a year ago, Gray, Tennessee apartments have recorded a -0.5% rent decrease.
Gray, Tennessee Average apartment rent trend
Gray, Tennessee Average Apartment Rent
Gray, Tennessee Apartment rent ranges
At 67.47%, apartments priced $1,000 - $1,500 represent the bulk of Gray, Tennessee rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 32.53%.
Gray, Tennessee Housing tenure**
Renters take up 15% of Gray, Tennessee real estate, occupying a total of 80 units, while homeowners live in 444 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$43,913
Average household size of renter-occupied housing units**
2.76
Gray, Tennessee Renter-occupied housing units by no. of bedrooms**
There are 57 rentals in Gray, Tennessee with 2 beds making up the highest share of the market, at 71%. Units with 4 beds, on the other hand, hold the lowest percentage (29%), amounting to 23 units. Overall, the median number of rooms in Gray, Tennessee homes for rent is 4.4.
Gray, Tennessee Renter-occupied units by age of householder**
Most condos for rent in Gray, Tennessee are occupied by residents in the 15 - 24 years age group (38%), followed by those in the 45 - 54 years age group (29%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 14%.
Gray, Tennessee Renter-occupied housing units by family type**
Gray, Tennessee Renter-occupied housing units by the presence of own children**
A total of 23 apartments for rent in Gray, Tennessee, or 29% of all rentals are family households. Additionally, 29% of rental homes include children under the age of 18 – that’s 23 units. All in all, the median size of a renter-occupied household in Gray, Tennessee is 2.76.
Gray, Tennessee Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 0% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in Gray, Tennessee.
Gray, Tennessee Renter-occupied units by year structure built**
The highest share of Gray, Tennessee apartment rentals, namely 38% or 30 units, were Built 2020 or later, followed by those Built 2000 - 2009 (34%, 27 units), and the ones Built 1950 - 1959 (29%, 23 units).
Gray, Tennessee Renter-occupied units by year householder moved in**
Median year renter moved into unit 2020
Most Gray, Tennessee renters (63%) moved in 2018 to 2020, while only 38% of them moved in 2021 or later. Overall, the median year renters have occupied their Gray, Tennessee condos for rent is 2020.
Gray, Tennessee Renter-occupied housing units by vehicles available**
When it comes to transportation options, 66% of Gray, Tennessee renters have 2 or more vehicles available per household, while 34% of them have 1 vehicle available.
Gray, Tennessee Means of transportation to work of householders living in renter-occupied housing units**
When it comes to transportation options, 66% of Gray, Tennessee renters have 2 or more vehicles available per household, while 34% of them have 1 vehicle available.
Gray, 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 Gray, 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
