City Report · TN

Cookeville

Pop. 36,088·45th most expensive in Tennessee·Cookeville rents have dropped 5.0%, currently a renter's market
Median rent (all units)
$1,491/mo
Year-over-Year
-5.0%
Month-over-Month
-4.7%
vs US Median
-$471
Falling (Monthly)
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Most AffordableMost Expensive
Cookeville · $1,491
More affordable than 76% of US cities · National median $1,962/mo
Rent Reality Score
74/100
Good value
OverheatedFairGreat value

Rents are 12% below what Cookeville's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,491/mo
Expected by trend
$1,690/mo
The Rent Reality Score compares today's median rent to where Cookeville's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$760
1 BR
$790
2 BR
$1,010
3 BR
$1,380
4 BR+
$1,580
Fair Market Rent (HUD)
$1,010/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,491 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$17,892/yr
At $1,491/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 5.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-5.0% YoY, -4.7% MoM), not inventory.
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Demographics

Who lives here

Cookeville, TN is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 34.8% of residents hold a bachelor's degree or higher.

Population
36,088
Median income
$51,375
Median age
29.8
Renters
58.9%
Age distribution
18.7%
38.8%
20.2%
13.7%
Under 1818.7%
18–3438.8%
35–5420.2%
55–648.6%
65+13.7%
Gender
49.9%
50.1%
Male49.9%
Female50.1%
Race & ethnicity
81.2%
12%
White81.2%
Black3.5%
Hispanic12%
Asian1.9%
Other1.3%
Education (25+)
26.6%
27%
34.8%
No HS diploma11.6%
HS diploma26.6%
Some college27%
Bachelor's+34.8%
Housing tenure
41.1%
58.9%
Owner41.1%
Renter58.9%

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

2022 vs 2026

How Cookeville, TN has changed in 5 years

Rent
$1,364 → $1,491
up 9.3%
Income
$43,611 → $51,375
up 17.8%
Population
34,068 → 36,088
up 5.9%
Renter share
59% → 58.9%
-0.1 pts
Bachelor's+
34.8% → 34.8%
+0.0 pts

Across the past five years, the going rent in Cookeville, TN has shifted from $1,364 to $1,491, up 9.3% since 2022. Median household income climbed from $43,611 to $51,375 between 2021 and 2024, a 17.8% shift. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show Cookeville, TN adding about 2,020 residents over the five-year window, up 5.9% on net. Taken together, the five-year picture in Cookeville, 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 Cookeville rent history (2015–2026) →
Salary vs rent

Can you afford rent in Cookeville on your salary?

At $1,491/mo, how Cookeville rent compares to typical pay (30% rule).

By apartment size

Cookeville rent by bedroom count

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

Local insights

Tips for renters in Cookeville

About renting in Cookeville, TN

Last updated: August 17, 2026

The median rent in Cookeville is $1,491/mo as of August 2026. A studio apartment averages $760/mo while a 2-bedroom runs $1,010/mo. One-bedroom apartments average $790/mo and 3-bedroom units go for $1,380/mo.

At 35% of local median household income ($51,375/yr), Cookeville ranks as moderate compared to the national benchmark of 30%. Rents have decreased 5.0% over the past year.

FAQ

Frequently asked questions

Is Cookeville an affordable city for renters?

Cookeville is considered moderate for renters. At $1,491/mo, rent takes approximately 35% of the local median household income ($51,375/yr). The standard benchmark is 30%. Cookeville slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Cookeville?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (~$29/hour full-time) to afford the median rent of $1,491/mo in Cookeville. The local median household income is $51,375/yr, meaning the typical Cookeville household falls short of that threshold.

Is rent going up or down in Cookeville?

Rent in Cookeville has decreased 5.0% over the past year as of August 2026, offering some relief compared to 12 months ago.

How does Cookeville rent compare to other cities in Tennessee?

Cookeville is one of the more affordable cities in Tennessee for rent, ranking #45 out of 62 tracked cities at $1,491/mo.

Which nearby cities are cheaper to rent in than Cookeville?

Several nearby cities have lower median rents than Cookeville ($1,491/mo): Dayton ($815/mo), Glasgow ($981/mo), Smithville ($1,400/mo).

What percentage of Cookeville residents rent vs. own?

According to Census data, approximately 58.9% of Cookeville households are renters, while 41.1% are owner-occupied. With a majority renter population, Cookeville has a strong rental market.

How does Cookeville rent compare to the national average?

Cookeville's median rent of $1,491/mo is $471 (24%) below the US national median of $1,962/mo. Within Tennessee, it ranks #45 out of 62 tracked cities.
Income Affordability
35%
MODERATE

At $1,491/mo, rent takes ~35% of Cookeville's median household income ($51,375/yr). The standard benchmark is 30%.

Cookeville 35%Benchmark 30%
State income taxNone
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