Red Bank, 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 Red Bank, Tennessee rental market.
Red Bank, Tennessee
Average Apartment Rent
$1,346
Y-o-Y Change in Average
Apartment Rent
-0.7%
As of March 2026
Compared to a year ago, Red Bank, Tennessee apartments have recorded a -0.7% rent decrease.
Red Bank, Tennessee Average apartment rent trend
Red Bank, Tennessee Average Apartment Rent
Red Bank, Tennessee Apartment rent ranges
At 70.56%, apartments priced $1,000 - $1,500 represent the bulk of Red Bank, Tennessee rentals, while condos priced Over $3,000 hold the lowest share of the market – 1%.
Red Bank, Tennessee Housing tenure**
Renters take up 43% of Red Bank, Tennessee real estate, occupying a total of 2,491 units, while homeowners live in 3,259 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$41,875
Average household size of renter-occupied housing units**
1.8
Rental vacancy rate**
4.8%
Red Bank, Tennessee Renter-occupied housing units by no. of bedrooms**
There are 1,340 rentals in Red Bank, Tennessee with 2 beds making up the highest share of the market, at 54%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 27 units. Overall, the median number of rooms in Red Bank, Tennessee homes for rent is 4.
Red Bank, Tennessee Renter-occupied units by age of householder**
Most condos for rent in Red Bank, Tennessee are occupied by residents in the 25 - 34 years age group (36%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Red Bank, Tennessee Renter-occupied housing units by family type**
Red Bank, Tennessee Renter-occupied housing units by the presence of own children**
A total of 855 apartments for rent in Red Bank, Tennessee, or 34% of all rentals are family households. Additionally, 18% of rental homes include children under the age of 18 – that’s 452 units. All in all, the median size of a renter-occupied household in Red Bank, Tennessee is 1.8.
Red Bank, Tennessee Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 31% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Red Bank, Tennessee.
Red Bank, Tennessee Renter-occupied units by year structure built**
The highest share of Red Bank, Tennessee apartment rentals, namely 27% or 673 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (16%, 401 units), and the ones Built 1950 - 1959 (12%, 305 units).
Red Bank, Tennessee Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Red Bank, Tennessee renters (51%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Red Bank, Tennessee condos for rent is 2019.
Red Bank, Tennessee Renter-occupied housing units by vehicles available**
When it comes to transportation options, 59% of Red Bank, Tennessee renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 8% have 3 vehicles available.
Red Bank, Tennessee Means of transportation to work of householders living in renter-occupied housing units**
Red Bank, 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 Red Bank, 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
