Average Rent in Cleveland, TN↑ Rents rising 3.0% YoY🔺 5th priciest in TN

Cleveland, TN has rental prices ranging from $884/month to $1,669/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $971/month — 31% below the national average of $1,400/month. With a median household income of $63,490/year, spending $971/month on a 1-bedroom represents 18% of gross income — within the recommended 30% threshold.

How Cleveland Compares

With an average 2-bedroom rent of $1,270/month, Cleveland ranks #5 most expensive of the 74 cities tracked in Tennessee — pricier than 80% of all US cities in our data.

The Cleveland Rental Market

The Cleveland, TN area has a population of about 127,445 and 30% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Cleveland, TN have risen by $37/month (3.0%) over the past year, from $1,233 to $1,270. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Cleveland, TN without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $38,840. The local median household income of $63,490 exceeds that threshold by $24,650, making Cleveland relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Cleveland, TN is $308,369, giving a price-to-rent ratio of 20.2. With a break-even horizon of approximately 20 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Is Cleveland, TN Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Cleveland?

Break-even analysis and mortgage estimates based on local market data.

Living in Cleveland

Cost of living, job market, crime rates, and moving cost estimates.