Lakeland Town Square
4815 Market Green Plz,
Lakeland, TN 38002
1-3 Beds | $1,349 - $4,661
Rental Market Trends in Lakeland, TN
What is the average rent in Lakeland, TN?
$1,609/month
Average Rent
1,041 Sq Ft
Average Apartment Size
-1.7%
Decrease in the Last Year
As of December 2024, the average rent in Lakeland, TN is $1,609 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Lakeland rent prices are 3% higher than the national average. When you rent an apartment in Lakeland, you can expect to pay about per month for a studio, $1,609 for a one-bedroom apartment, and around $2,116 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,978 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 Lakeland, TN?
In the past year, rent has decreased by 1.7%, which averages out to $26 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Lakeland, TN
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
50%
$1,501 - $2,000/month
50%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Lakeland?
Based on current rent prices, Lakeland is the most affordable neighborhood in Lakeland.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Lakeland?
Based on current rent prices, Lakeland is the most expensive neighborhood in Lakeland.
Neighborhood
Average Rent
Average Sq Ft
Which Lakeland neighborhoods have the most rentals available?
The neighborhood in Lakeland with the most apartments available is Lakeland .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lakeland, TN?
Because the average rent in Lakeland is $1,609, you’ll want to make about $5,363 per month or $64,356 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.
How does Lakeland, TN compare to other nearby cities and neighborhoods?
Use the tool below to compare Lakeland, TN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
-
One Bedroom
$1,324/month
$1,324/month
Two Bedroom
$1,532/month
$1,532/month
Three Bedroom
$2,193/month
$2,193/month
Nearby City Rent Trends
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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.