15 zip codes·Updated September 2026

Chattanooga rents and rental comps

The median asking rent across 15 Chattanooga zip codes is $1,423/month, down 3.3% from a year ago.

Had gigabit internet before most cities knew what that meant, and it attracted the remote workers and small tech companies you'd expect. No state income tax, affordable entry, growing rental market in a small-city package.

Median Asking Rent

$1,423

Rent Change (YoY)

-3.3%

Avg Days on Market

Active Rental Listings

1,084

Median List Price

$354,900

Median Asking Rent Over Time

Average across 15 zip codes

12 months+1.7%

Median Asking Rent by ZIP Code

Rental Listings by ZIP Code

ZIP	Median Rent	YoY Growth	$/Sqft	Avg DOM	Listings
37419	$2,000/mo	-3.6%	$1.54	49	20
37408	$1,895/mo	+11.8%	$1.76	78	55
37421	$1,850/mo	-2.4%	$1.27	37	142
37405	$1,650/mo	-8.3%	$1.49	47	111
37402	$1,400/mo	+1.5%	$1.98	107	15
37404	$1,400/mo	+0.4%	$1.36	41	115
37409	$1,395/mo	-24.4%	$1.50	54	16
37412	$1,270/mo	+1.6%	$1.27	30	108
37415	$1,250/mo	-3.8%	$1.41	48	132
37416	$1,250/mo	-3.8%	$1.27	36	54
37411	$1,249/mo	-7.5%	$1.28	32	117
37410	$1,211/mo	+21.1%	$1.27	37	46
37406	$1,200/mo	-12.7%	$1.26	36	70
37407	$1,175/mo	-7.8%	$1.34	26	22
37403	$1,100/mo	-12.0%	$1.56	73	61

Comps for any address in Chattanooga

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Median Asking Rent by Bedroom

Unit Size	Median Rent	$/Sqft
Studio	$975/mo	$1.84/sqft
1 Bedroom	$1,000/mo	$1.56/sqft
2 Bedroom	$1,200/mo	$1.31/sqft
3 Bedroom	$1,965/mo	$1.40/sqft
4 Bedroom	$2,300/mo	$1.18/sqft

Aggregated median across all Chattanooga zip codes with available data.

For-Sale Listings by ZIP Code

ZIP	Median List Price	YoY Change	$/Sqft
37405	$439,900	-7.4%	$277.53
37408	$424,700	+1.1%	$290.82
37409	$417,000	-12.9%	$290.20
37403	$399,000	-6.1%	$272.98
37421	$398,000	+4.8%	$199.65
37419	$379,900	-15.6%	$239.90
37410	$359,900	+71.4%	$183.44
37415	$354,900	-4.1%	$213.95
37402	$339,000	-2.9%	$499.06
37404	$330,000	+6.5%	$220.78
37416	$330,000	+1.5%	$191.47
37412	$299,000	-0.3%	$194.03
37411	$264,000	+5.6%	$180.17
37407	$241,500	+7.4%	$194.44
37406	$210,000	+5.0%	$183.62

HUD Fair Market Rents

Unit Size	Fair Market Rent	Median Asking Rent	Difference
Studio	$1,320/mo	$975/mo	-26%
1 Bedroom	$1,380/mo	$1,000/mo	-28%
2 Bedroom	$1,520/mo	$1,200/mo	-21%
3 Bedroom	$1,900/mo	$1,965/mo	+3%
4 Bedroom	$2,030/mo	$2,300/mo	+13%

HUD publishes Fair Market Rents once a year for the Chattanooga metro area. Local housing authorities use them to set Section 8 voucher payment standards, usually 90% to 110% of the FMR.

Hamilton County FMR page Section 8 vs market rent

About the Chattanooga rental market

The median asking rent across Chattanooga, TN sits at $1,423/month, pulled from active rental listings in 15 zip codes. That's down 3.3% from a year ago.

Rents aren't uniform across the city. ZIP 37419 tops the list at $2,000/month. ZIP 37403 comes in lowest at $1,100/month. That's a 82% spread between the top and bottom zip codes, which is wide. City-wide averages won't tell you much about a specific property here.

A 2-bedroom rents for $1,200/month at the median. 1-bedrooms run about $1,000. 3-bedrooms come in around $1,965.

Listings take longer here. The average is 49 days on market, which gives renters more room to negotiate and means landlords should price carefully.

Rent-to-price math is tight in Chattanooga. The gross figure sits at about 4.8% ($1,423/month against $354,900 median price). Most investors here are betting on appreciation, not monthly cash flow.

HUD's Fair Market Rent for a 2-bedroom in the Chattanooga metro is $1,520/month. Asking rents come in about 6% below the federal benchmark, which can make Section 8 properties competitive here.

Chattanooga made a smart bet on municipal gigabit internet years ago. It paid off. The city has attracted a tech and startup scene that punches above its weight for a market this size. The Northshore, Southside, and downtown have seen significant investment. Red Bank and East Ridge are cheaper. No state income tax in Tennessee. VW has a manufacturing plant here too. Smaller market with a thinner tenant pool, but the demand is real and growing. Reasonable entry points and a healthy growth trajectory. Just be realistic about the tenant pool size. In a city this small, pricing accuracy matters more because fewer renters are searching at any time.

These numbers are city-wide averages. If you're pricing a specific property in Chattanooga, pull comps from the same zip code. The spread is usually bigger than people expect.