66 Luxury Apartments for rent in Chattanooga, TN

Last updated September 25 at 6:45AM
1202 W Mississippi Ave
Riverview - Stuart Heights
Chattanooga, TN
Updated September 13 at 2:47AM
Studio
$2,000
4106 Hamill Rd
Northgate - Big Ridge
Chattanooga, TN
Updated September 19 at 10:26AM
Studio
$2,150
335 Horse Creek Dr
Friends of Mountain Creek
Chattanooga, TN
Updated September 19 at 2:28AM
Studio
$2,495
1610 Hixson Pike
Riverview - Stuart Heights
Chattanooga, TN
Updated September 21 at 10:44AM
3 Bedrooms
$1,700
805 Mountain Creek Rd
Friends of Mountain Creek
Chattanooga, TN
Updated September 7 at 11:08AM
Studio
$1,200
3259 Ozark Cir
Riverview - Stuart Heights
Chattanooga, TN
Updated September 12 at 2:35AM
Studio
$1,700
3513 Berkley Dr
Red Bank
Chattanooga, TN
Updated August 31 at 3:34AM
Studio
$1,250
6554 Harrison Pike
Chattanooga
Chattanooga, TN
Updated September 1 at 9:34AM
3 Bedrooms
$1,275
1205 Highland Drive
Riverview - Stuart Heights
Chattanooga, TN
Updated September 21 at 12:56PM
4 Bedrooms
$2,200
3506 Cline Crest
Red Bank
Chattanooga, TN
Updated September 21 at 12:11PM
5 Bedrooms
$1,495
Hamilton Run Dr
Westview - Mountain Shadows
Chattanooga, TN
Updated September 23 at 7:40AM
3 Bedrooms
$1,450
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Rent Report
Chattanooga

September 2017 Chattanooga Rent Report

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

Chattanooga rents increase sharply over the past month

Chattanooga rents have increased 0.6% over the past month, and are up moderately by 2.7% 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. This is the eighth straight month that the city has seen rent increases after a decline in December of last year. Chattanooga's year-over-year rent growth leads the state average of 2.4%, but trails the national average of 3.0%.

Chattanooga rents more affordable than many large cities nationwide

Rent growth in Chattanooga has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. 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 3.0% over the past year compared to the 2.7% rise in Chattanooga.
  • While rents in Chattanooga remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
  • 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.