1-350 1/2 Carolina Ave
1-350 1/2 Carolina Ave,
Erwin, TN 37650
2 Beds | $950
Rental Market Trends in Erwin, TN
What is the average rent in Erwin, TN?
$427/month
Average Rent
572 Sq Ft
Average Apartment Size
+1.3%
Increase in the Last Year
As of February 2025, the average rent in Erwin, TN is $427 per month. This is 73% lower than the national average rent of $1,556/month, making renting in Erwin more affordable than most cities in the US. When you rent an apartment in Erwin, you can expect to pay about per month for a studio, $427 for a one-bedroom apartment, and around $472 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Erwin, TN?
In the past year, rent has increased by 1.3%, which averages out to $6 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2025
Legend
2024
2025
Rent Ranges in Erwin, TN
Last Updated February 2025
Below $701
Most rental prices fall within this range
Percentage*
Rent Range
100%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Erwin, TN?
Because the average rent in Erwin is $427, you’ll want to make about $1,423 per month or $17,076 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Erwin, TN is 14.6% lower than the national average. Generally, housing in Erwin is 31.4% less expensive than the national average, with rent falling between $0 - $472. You can expect to pay 5.2% less for groceries, 2.7% less for utilities, and 17.7% less for transportation.
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.