Source: Zillow
Rents Over Time
Monthly Zillow Observed Rent Index January 2014‐May 2021 by MSA
1800
$1,637
1600
1400
$1,135
1200
1000
800
600
400
200
0
Nashville, TN
Memphis, TN
Knoxville, TN
This has also outpaced inflation , with an annual average increase of 2.1%, while our rents have risen about 7.4% each year .
Rents have also increased and have consistently been higher than the other MSAs in the State. The rent across all types of units has increased by 44% since 2014.
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