Lakeland Town Square
4836 Village Lot Cv,
Lakeland, TN 38002
1-2 Beds | $1,408 - $2,950
Rental Market Trends in Lakeland, TN
Updated August 2026
The average rent in Lakeland, TN is $1,606/month.
Rent in Lakeland is roughly equal to the national average rent of of $1,663/month.
$1,606/month
Average Rent
730 Sq Ft
Average Size
+0.6%
Change / Year
370
Available Apartments
Lakeland rent varies by unit size and layout:
- Studio apartments in Lakeland average per month.
- One-bedroom apartments in Lakeland average $1,606 per month.
- Two-bedroom apartments in Lakeland average $1,939 per month.
- Three-bedroom apartments in Lakeland average or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Lakeland, TN?
In the past year, rent has increased by 0.6%, which averages out to $10 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Lakeland, TN
August 2026
$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
100%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
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 $1,606, you’ll want to make about $5,353 per month or $64,236 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.
View the Lakeland Area GuideStudio
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One Bedroom
$1,295/month
$1,295/month
Two Bedroom
$1,526/month
$1,526/month
Three Bedroom
$1,878/month
$1,878/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Lakeland?
The average rent in Lakeland is $1,606 per month, which is 3.4% lower than the national average of $1,663.
What is the average rent for a house in Lakeland?
The average rent for a house in Lakeland, TN is $1,884 per month.
Are rents going up or down in Lakeland?
Rents in Lakeland, TN are increasing, with prices up 0.6% year-over-year and $10 more per month.
What rent range is most common in Lakeland?
In Lakeland, TN, 100% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.