How much does it cost to rent in Collierville, TN?

As of July 2026, the median monthly rent in Collierville, TN is $1,956. This figure is based on aggregated data from public sources and community-submitted rents.

Is Collierville cheaper than other Tennessee cities?

Collierville is one of the pricier cities in Tennessee, ranking #14 out of 65 cities tracked at $1,956/mo.

When was Collierville rent data last updated?

Collierville rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · TN

Collierville

Name: Average Rent Prices in Collierville, TN
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 51,515·14th most expensive in Tennessee·Rental market data updated monthly for Collierville, TN

Median rent (all units)

$1,956/mo

Year-over-Year

+2.4%

Month-over-Month

-0.2%

vs US Median

-$9

Stable (Monthly)

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Most AffordableMost Expensive

Collierville · $1,956

More expensive than 57% of US cities · National median $1,965/mo

Rent Reality Score

63/100

Good value

OverheatedFairGreat value

Rents are 7% below what Collierville's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$1,956/mo

Expected by trend

$2,097/mo

The Rent Reality Score compares today's median rent to where Collierville's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,470

1 BR

$1,600

2 BR

$1,800

3 BR

$2,370

4 BR+

$2,770

Research median

$1,800/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

$23,472/yr

At $1,956/mo median

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.4% YoY, -0.2% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Collierville, TN is majority owner-occupied, has a large share of families with children, has a median income above the national average, 62.5% of residents hold a bachelor's degree or higher.

Population

51,515

Median income

$138,598

Median age

Renters

20.1%

Age distribution

26.8%

15.2%

29%

13%

16%

Under 1826.8%

18–3415.2%

35–5429%

55–6413%

65+16%

Gender

47.2%

52.8%

Male47.2%

Female52.8%

Race & ethnicity

67.6%

13.8%

White67.6%

Black10.8%

Hispanic5%

Asian13.8%

Other2.8%

Education (25+)

13.2%

20.5%

62.5%

No HS diploma3.8%

HS diploma13.2%

Some college20.5%

Bachelor's+62.5%

Housing tenure

79.9%

20.1%

Owner79.9%

Renter20.1%

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

2022 vs 2026

How Collierville, TN has changed in 5 years

Rent

$1,861 → $1,956

up 5.1%

Income

$119,461 → $138,598

up 16.0%

Population

50,669 → 51,515

up 1.7%

Renter share

20.5% → 20.1%

-0.4 pts

Bachelor's+

59.1% → 62.5%

+3.4 pts

Since 2022, the typical rent in Collierville, TN has increased from $1,861 to $1,956, a 5.1% change over five years. Local incomes tracked alongside that move, going from a median of $119,461 in 2021 to $138,598 more recently. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 1.7% since 2021, moving from about 50,669 residents to roughly 51,515. College-educated residents now make up 62.5% of adults here, versus 59.1% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Collierville, TN market of 2022.

Community

Discussions about Collierville

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View Collierville rent history (2015–2026) →

Salary vs rent

Can you afford rent in Collierville on your salary?

At $1,956/mo, how Collierville rent compares to typical pay (30% rule).

Registered Nurse

Avg $86,922/yr · Rent = 27% income

affordable

Elementary School Teacher

Avg $61,714/yr · Rent = 38% income

stretched

Police Officer

Avg $71,088/yr · Rent = 33% income

stretched

Software Developer

Avg $127,061/yr · Rent = 18.5% income

very comfortable

Lawyer

Avg $162,352/yr · Rent = 14.5% income

very comfortable

Firefighter

Avg $57,785/yr · Rent = 40.6% income

rent-burdened

Truck Driver

Avg $52,173/yr · Rent = 45% income

rent-burdened

Electrician

Avg $64,308/yr · Rent = 36.5% income

stretched

By apartment size

Collierville rent by bedroom count

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

Local insights

Tips for renters in Collierville

About renting in Collierville, TN

Last updated: July 20, 2026

The median rent in Collierville is $1,956/mo as of July 2026. A studio apartment averages $1,470/mo while a 2-bedroom runs $1,800/mo. One-bedroom apartments average $1,600/mo and 3-bedroom units go for $2,370/mo.

At 17% of local median household income ($138,598/yr), Collierville ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.

FAQ

Frequently asked questions

Is Collierville an affordable city for renters?

Collierville is considered very affordable for renters. At $1,956/mo, rent takes approximately 17% of the local median household income ($138,598/yr). The standard benchmark is 30%. Collierville falls comfortably within that range.

How much income do you need to rent in Collierville?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (~$38/hour full-time) to afford the median rent of $1,956/mo in Collierville. The local median household income is $138,598/yr, meaning the typical Collierville household meets that threshold.

Is rent going up or down in Collierville?

Rent in Collierville has increased 2.4% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Collierville rent compare to other cities in Tennessee?

Collierville is one of the pricier cities in Tennessee for rent, ranking #14 out of 65 tracked cities at $1,956/mo.

Which nearby cities are cheaper to rent in than Collierville?

Several nearby cities have lower median rents than Collierville ($1,956/mo): Lakeland ($1,725/mo), Cordova ($1,811/mo), Olive Branch ($1,896/mo).

What percentage of Collierville residents rent vs. own?

According to Census data, approximately 20.1% of Collierville households are renters, while 79.9% are owner-occupied. Collierville leans toward homeownership, which can mean a smaller rental inventory.

How does Collierville rent compare to the national average?

Collierville's median rent of $1,956/mo is $9 (0%) below the US national median of $1,965/mo. Within Tennessee, it ranks #14 out of 65 tracked cities.

Income Affordability

17%

VERY AFFORDABLE

At $1,956/mo, rent takes ~17% of Collierville's median household income ($138,598/yr). The standard benchmark is 30%.

Collierville 17%Benchmark 30%

State income taxNone

Run the Collierville affordability calculator →

Nearby cities