Spring Hill, Tennessee Rental Market Trends

Disclaimer:

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 Spring Hill, Tennessee rental market.

Spring Hill, Tennessee

Average Apartment Rent

$1,648

Y-o-Y Change in Average
Apartment Rent

-0.8%

As of May 2026

Compared to a year ago, Spring Hill, Tennessee apartments have recorded a -0.8% rent decrease.

Spring Hill, Tennessee Average apartment rent trend

Median Rent Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024 Mar 2025 Jul 2025 Nov 2025 Mar 2026
Spring Hill $1,694 $1,662 $1,672 $1,707 $1,626 $1,662 $1,658 $1,642 $1,615
National $1,741 $1,732 $1,736 $1,756 $1,749 $1,755 $1,767 $1,753 $1,750
Spring Hill
National
Jul 2023
$1,694
$1,741
Nov 2023
$1,662
$1,732
Mar 2024
$1,672
$1,736
Jul 2024
$1,707
$1,756
Nov 2024
$1,626
$1,749
Mar 2025
$1,662
$1,755
Jul 2025
$1,658
$1,767
Nov 2025
$1,642
$1,753
Mar 2026
$1,615
$1,750

Spring Hill, Tennessee Average Apartment Rent

Spring Hill, Tennessee Apartment rent ranges

Under $1,000
$1,001 - $1,500
$1,501 - $2,000
$2,001 - $2,500
$2,501 - $3,000
Over $3,000

At 43.11%, apartments priced $1,000 - $1,500 represent the bulk of Spring Hill, Tennessee rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.09%.

Spring Hill, Tennessee Housing tenure**

Renter occupied housing units 4,477
Owner occupied housing units 13,390

Renters take up 25% of Spring Hill, Tennessee real estate, occupying a total of 4,477 units, while homeowners live in 13,390 properties.

Median number of rooms of renter-occupied housing units**

5

Renter median household income**

$90,255

Average household size of renter-occupied housing units**

2.76

Rental vacancy rate**

3.7%

Spring Hill, Tennessee Renter-occupied housing units by no. of bedrooms**

No bedrooms 58
1 bed 616
2 beds 1,210
3 beds 1,752
4 beds 784
5 or more beds 57

There are 1,752 rentals in Spring Hill, Tennessee with 3 beds making up the highest share of the market, at 39%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 57 units. Overall, the median number of rooms in Spring Hill, Tennessee homes for rent is 5.

Spring Hill, Tennessee Renter-occupied units by age of householder**

15 - 24 years 272
25 - 34 years 1,118
35 - 44 years 1,656
45 - 54 years 649
55 - 59 years 217
60 - 64 years 217
65 - 74 years 168
75 - 84 years 166

Most condos for rent in Spring Hill, Tennessee are occupied by residents in the 35 - 44 years age group (37%), followed by those in the 25 - 34 years age group (25%). At the same time, people in the 65 - 74 years age group make up the lowest share of the local rental market – 4%.

Spring Hill, Tennessee Renter-occupied housing units by family type**

Family households 3,243
Non-Family Households 1,234

Spring Hill, Tennessee Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 1,896
No related children of the householder under 18 2,581

A total of 3,243 apartments for rent in Spring Hill, Tennessee, or 72% of all rentals are family households. Additionally, 42% of rental homes include children under the age of 18 – that’s 1,896 units. All in all, the median size of a renter-occupied household in Spring Hill, Tennessee is 2.76.

Spring Hill, Tennessee Renter-occupied housing units by educational attainment**

Less than high school graduate 125
High school graduate (including equivalency) 907
Some college or associate's degree 1,278
Bachelor's degree or higher 2,167

In terms of education, renters holding bachelor degrees or higher make up 48% of the rental market. In contrast, residents with less than a high school degree reside in 3% of the homes for rent in Spring Hill, Tennessee.

Spring Hill, Tennessee Renter-occupied units by year structure built**

Built 2020 or later 90
Built 2010 - 2019 1,514
Built 2000 - 2009 1,481
Built 1990 - 1999 837
Built 1970 - 1979 306
Built 1960 - 1969 24
Built 1950 - 1959 135
Built 1940 - 1949 25
Built 1939 or earlier 65

The highest share of Spring Hill, Tennessee apartment rentals, namely 34% or 1,514 units, were Built 2010 - 2019, followed by those Built 2000 - 2009 (33%, 1,481 units), and the ones Built 1990 - 1999 (19%, 837 units).

Spring Hill, Tennessee Renter-occupied units by year householder moved in**

Moved in 2021 or later 684
Moved in 2018 to 2020 1,752
Moved in 2010 to 2017 2,000
Moved in 2000 to 2009 41

Median year renter moved into unit 2018

Most Spring Hill, Tennessee renters (45%) moved in 2010 to 2017, while only 1% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Spring Hill, Tennessee condos for rent is 2018.

Spring Hill, Tennessee Renter-occupied housing units by vehicles available**

1 vehicle available 1,412
2 vehicles available 2,275
3 vehicles available 638
4 or more vehicles available 152

When it comes to transportation options, 51% of Spring Hill, Tennessee renters have 2 vehicles available per household, 32% of them have 1 vehicle available, and 14% have 3 vehicles available.

Spring Hill, Tennessee Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 4,180
Car, truck, or van - carpooled 328
Taxicab, motorcycle, bicycle, or other means 39
Worked at home 1,959

Spring Hill, Tennessee Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 8,721
Moved within same county 705
Moved from different county within same state 1,126
Moved from different state 1,095
Moved from abroad 187

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 Spring Hill, 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

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