Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Shelby County, Tennessee?
County · Census ACS 5-Year estimates
The median gross rent in Shelby County, Tennessee is $1,232/month (±$12), based on Census ACS 5-Year estimates (2024). The median home value is $249,100 (±$4,330), and the median household income is $63,767/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Average Rent in Shelby County, Tennessee and Neighbouring Counties
Housing Metrics for Shelby County, Tennessee
| Metric | Value |
|---|---|
| Median Gross Rent | $1,232 |
| Median Home Value | $249,100 |
| Median Household Income | $63,767 |
| Total Housing Units | 362,741 |
| Renter-Occupied Units | 166,362 |
| Renter-Occupied Share | 46% |
| Households Paying 50%+ Income | 44,142 households |
Median Rent by Bedroom Count
| Bedroom | Median Rent | YoY |
|---|---|---|
| Studio | $932 | -22.3% |
| 1 BR | $1,052 | -17.2% |
| 2 BR | $1,163 | -13.5% |
| 3 BR | $1,396 | -12.6% |
| 4 BR | $1,640 | -11.1% |
| 5+ BR | $1,777 | -16.1% |
How does Shelby County, Tennessee compare?
Median gross rent ranked against all counties in Tennessee.
Higher rent than 90% of counties in Tennessee · 11th of 95
| # | County | Value |
|---|---|---|
| 1 | Williamson County | $1,969 |
| 2 | Davidson County | $1,582 |
| 3 | Rutherford County | $1,502 |
| … 7 more … | ||
| 11 | Shelby County(you are here) | $1,232 |
| … 81 more … | ||
| 93 | Pickett County | $564 |
| 94 | Clay County | $557 |
| 95 | Lake County | $532 |
More data for Shelby County, Tennessee
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Frequently asked questions
What is the average rent in Shelby County, Tennessee?
The median gross rent in Shelby County, Tennessee is $1,232/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Shelby County, Tennessee?
The median rent for a 2-bedroom in Shelby County, Tennessee is $1,163/month based on Census ACS 5-Year estimates (2024). Margin of error: ±$16. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Shelby County, Tennessee?
The median home value in Shelby County, Tennessee is $249,100 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Shelby County are rent-burdened?
In Shelby County, Tennessee, 44,142 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Shelby County, Tennessee?
The median household income in Shelby County, Tennessee is $63,767/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,232 has a margin of error of ±$12. In very small areas, MOEs can be large relative to the estimate.
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