Chattanooga, TN has a population of 176,291, while the median age is 37. The household income in Chattanooga, TN is around $41,911. The homeownership rate among the residents is 53%. The median residential property value in Chattanooga, TN that you should keep in mind is $153,900.
Population | 176,291 |
Median Age | 37 |
Poverty Rate | 21% |
Household Income | $41,911 |
Number Of Employees | 81,230 |
Median Property Value | $153,900 |
Rent Price |
May | vs Last Month |
---|---|---|
Studio apartments | $2,097 | -33.8% |
1-bed apartments | $1,573 | -49.2% |
2-bed apartments | $2,308 | -43% |
3-bed apartments | $3,879 | -30.1% |
4+ bed apartments | $6,382 | -32.2% |
Over the May 2023, the average rent for an apartment in/near Chattanooga, TN decreased by 35.3% to $3,142.
Compared to the last month, the average price for a rental studio in Chattanooga, TN has decreased by 33.8%. You can expect to rent the studio for $2,097 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 49.2% to $1,573. Pricing for 2-bed apartment also decreased by 43% and a place of this size will now cost you $2,308. 3-bed apartment rent pricing starts at $3,879, it decreased by 30.1% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 32.2% and made it down to $6,382.
Rent Type Price |
May | vs Last Month |
---|---|---|
Townhouses for rent | $3,187 | -8.9% |
Houses for rent | $4,445 | -23.4% |
Condos for rent | $2,223 | -55% |
Apartments for rent | $1,900 | -26.5% |
Rooms for rent | $640 | -16% |
The median rent for an apartment in Chattanooga, TN decreased by 26.5% to $1,900. Statistics show that house rent price decreased by 23.4% this month making it up to $4,445. Condos faced an upward trend these days. The median rent for a condo decreased by 55%, it’s now available for $2,223. An average room will now go for $640, the median rent price for a room decreased by 16%. The median rent for a townhouse decreased by 8.9%, you’ll have to spend around $3,187 to get one.