City Report · TN

Ashland City

Pop. 5,424·38th most expensive in Tennessee·Rental market data updated monthly for Ashland City, TN
Median rent (all units)
$1,580/mo
Year-over-Year
-2.1%
Month-over-Month
-5.8%
vs US Median
-$385
Falling (Monthly)
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Most AffordableMost Expensive
Ashland City · $1,580
More affordable than 71% of US cities · National median $1,965/mo
Rent Reality Score
58/100
Fairly priced
OverheatedFairGreat value

Rents are 4% below what Ashland City's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,580/mo
Expected by trend
$1,649/mo
The Rent Reality Score compares today's median rent to where Ashland City's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,330
1 BR
$1,390
2 BR
$1,540
3 BR
$1,940
4 BR+
$2,390
Research median
$1,540/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$18,960/yr
At $1,580/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 2.1% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-2.1% YoY, -5.8% MoM), not inventory.
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Demographics

Who lives here

Ashland City, TN is majority owner-occupied, 28.2% of residents hold a bachelor's degree or higher.

Population
5,424
Median income
$79,231
Median age
37.6
Renters
38.1%
Age distribution
23%
21.9%
28.1%
16.3%
Under 1823%
18–3421.9%
35–5428.1%
55–6410.7%
65+16.3%
Gender
48.2%
51.8%
Male48.2%
Female51.8%
Race & ethnicity
85.1%
White85.1%
Black3.8%
Hispanic9.1%
Other1.8%
Education (25+)
29.2%
34.6%
28.2%
No HS diploma8%
HS diploma29.2%
Some college34.6%
Bachelor's+28.2%
Housing tenure
61.9%
38.1%
Owner61.9%
Renter38.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How Ashland City, TN has changed in 5 years

Rent
$1,557 → $1,580
up 1.5%
Income
$62,772 → $79,231
up 26.2%
Population
5,041 → 5,424
up 7.6%
Renter share
42.7% → 38.1%
-4.6 pts
Bachelor's+
19.2% → 28.2%
+9.0 pts
Median age
42.6 → 37.6
-5.0 yrs

Since 2023, the typical rent in Ashland City, TN has climbed from $1,557 to $1,580, a 1.5% change over five years. Median household income rose from $62,772 to $79,231 between 2021 and 2024, a 26.2% shift. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 7.6% since 2021, moving from about 5,041 residents to roughly 5,424. Renters now make up 38.1% of households, compared with 42.7% five years ago. College-educated residents now make up 28.2% of adults here, versus 19.2% in 2021. Taken together, the five-year picture in Ashland City, TN reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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View Ashland City rent history (2015–2026) →
Salary vs rent

Can you afford rent in Ashland City on your salary?

At $1,580/mo, how Ashland City rent compares to typical pay (30% rule).

By apartment size

Ashland City rent by bedroom count

Median rent for each apartment size in Ashland City. Click any size for full breakdown.

Local insights

Tips for renters in Ashland City

About renting in Ashland City, TN

Last updated: July 20, 2026

The median rent in Ashland City is $1,580/mo as of July 2026. A studio apartment averages $1,330/mo while a 2-bedroom runs $1,540/mo. One-bedroom apartments average $1,390/mo and 3-bedroom units go for $1,940/mo.

At 24% of local median household income ($79,231/yr), Ashland City ranks as affordable compared to the national benchmark of 30%. Rents have decreased 2.1% over the past year.

FAQ

Frequently asked questions

Is Ashland City an affordable city for renters?

Ashland City is considered very affordable for renters. At $1,580/mo, rent takes approximately 24% of the local median household income ($79,231/yr). The standard benchmark is 30%. Ashland City falls comfortably within that range.

How much income do you need to rent in Ashland City?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (~$30/hour full-time) to afford the median rent of $1,580/mo in Ashland City. The local median household income is $79,231/yr, meaning the typical Ashland City household meets that threshold.

Is rent going up or down in Ashland City?

Rent in Ashland City has decreased 2.1% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Ashland City rent compare to other cities in Tennessee?

Ashland City is middle-of-the-pack for Tennessee for rent, ranking #38 out of 65 tracked cities at $1,580/mo.

Which nearby cities are cheaper to rent in than Ashland City?

Several nearby cities have lower median rents than Ashland City ($1,580/mo): Clarksville ($1,376/mo), Springfield ($1,554/mo).

What percentage of Ashland City residents rent vs. own?

According to Census data, approximately 38.1% of Ashland City households are renters, while 61.9% are owner-occupied. Ashland City leans toward homeownership, which can mean a smaller rental inventory.

How does Ashland City rent compare to the national average?

Ashland City's median rent of $1,580/mo is $385 (20%) below the US national median of $1,965/mo. Within Tennessee, it ranks #38 out of 65 tracked cities.
Income Affordability
24%
VERY AFFORDABLE

At $1,580/mo, rent takes ~24% of Ashland City's median household income ($79,231/yr). The standard benchmark is 30%.

Ashland City 24%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

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Public schools near Ashland City, TN

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