60 Luxury Apartments for rent in Chattanooga, TN

Last updated November 20 at 1:06am UTC
3256 Forest Shadows Dr
Westview - Mountain Shadows
Chattanooga, TN
Updated November 19 at 10:22am UTC
4 Bedrooms
$2,995
1058 Stanley Lane
Chattanooga
Chattanooga, TN
Updated November 11 at 10:35am UTC
3 Bedrooms
$1,550
513 E Main St
Downtown Chattanooga
Chattanooga, TN
Updated November 11 at 2:22am UTC
Studio
$1,600
129 Walnut St
Downtown Chattanooga
Chattanooga, TN
Updated November 14 at 9:46am UTC
Studio
$1,795
107 Renaissance Ct
Lookout Valley - Lookout Mountain
Chattanooga, TN
Updated October 22 at 9:37am UTC
Studio
$1,650
4106 Hamill Rd
Northgate - Big Ridge
Chattanooga, TN
Updated November 11 at 2:22am UTC
Studio
$1,850
4622 St Elmo Ave
St. Elmo
Chattanooga, TN
Updated November 19 at 1:24am UTC
3 Bedrooms
$2,000
208 Brelsford Rd
Chattanooga
Chattanooga, TN
Updated November 19 at 1:24am UTC
3 Bedrooms
$1,800
1610 Hixson Pike
Riverview - Stuart Heights
Chattanooga, TN
Updated November 16 at 11:41am UTC
3 Bedrooms
$1,700
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November 2017 Chattanooga Rent Report

Welcome to the November 2017 Chattanooga Rent Report. In this report, we'll evaluate trends in the Chattanooga rental market, including comparisons to similar cities nationwide.

View full Chattanooga Rent Report
Rent Report
Chattanooga

November 2017 Chattanooga Rent Report

Welcome to the November 2017 Chattanooga Rent Report. In this report, we'll evaluate trends in the Chattanooga rental market, including comparisons to similar cities nationwide.

Chattanooga rents declined moderately over the past month

Chattanooga rents have declined 0.3% over the past month, but have increased moderately by 3.0% in comparison to the same time last year. Currently, median rents in Chattanooga stand at $720 for a one-bedroom apartment and $900 for a two-bedroom. Chattanooga's year-over-year rent growth leads the state average of 1.9%, as well as the national average of 2.7%.

Chattanooga rents more affordable than many large cities nationwide

As rents have increased moderately in Chattanooga, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Chattanooga is still more affordable than most large cities across the country.

  • Chattanooga's median two-bedroom rent of $900 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 3.0% increase in Chattanooga.
  • While Chattanooga's rents rose moderately over the past year, some cities nationwide saw decreases, including New York (-0.2%) and Miami (-0.2%).
  • Renters will find more reasonable prices in Chattanooga than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is nearly three-and-a-half times the price in Chattanooga.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.