City Report · TN

Cordova

·20th most expensive in Tennessee·Rental market data updated monthly for Cordova, TN
Median rent (all units)
$1,766/mo
Year-over-Year
-1.9%
Month-over-Month
-2.5%
vs US Median
-$196
Falling (Monthly)
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Most AffordableMost Expensive
Cordova · $1,766
More affordable than 56% of US cities · National median $1,962/mo
Rent Reality Score
71/100
Good value
OverheatedFairGreat value

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

Actual rent
$1,766/mo
Expected by trend
$1,969/mo
The Rent Reality Score compares today's median rent to where Cordova's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,420
1 BR
$1,550
2 BR
$1,740
3 BR
$2,290
4 BR+
$2,680
Fair Market Rent (HUD)
$1,740/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,766 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
$21,192/yr
At $1,766/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 1.9% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-1.9% YoY, -2.5% MoM), not inventory.
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2021 vs 2026

How Cordova, TN has changed in 5 years

Rent
$1,500 → $1,766
up 17.7%

Five years ago, renters in Cordova, TN paid around $1,500 a month. That figure now sits near $1,766, up 17.7% from the 2021 baseline. Taken together, the five-year picture in Cordova, 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.

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View Cordova rent history (2015–2026) →
Salary vs rent

Can you afford rent in Cordova on your salary?

At $1,766/mo, how Cordova rent compares to typical pay (30% rule).

By apartment size

Cordova rent by bedroom count

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

Local insights

Tips for renters in Cordova

About renting in Cordova, TN

Last updated: August 17, 2026

The median rent in Cordova is $1,766/mo as of August 2026. A studio apartment averages $1,420/mo while a 2-bedroom runs $1,740/mo. One-bedroom apartments average $1,550/mo and 3-bedroom units go for $2,290/mo.

At 29% of estimated US median household income ($72,000/yr), Cordova ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.9% over the past year.

FAQ

Frequently asked questions

Is Cordova an affordable city for renters?

Cordova is considered affordable for renters. At $1,766/mo, rent takes approximately 29% of the US median household income ($72,000/yr). The standard benchmark is 30%. Cordova falls comfortably within that range.

How much income do you need to rent in Cordova?

To keep rent at or below 30% of gross income, you would need to earn at least $71,000/year (~$34/hour full-time) to afford the median rent of $1,766/mo in Cordova.

Is rent going up or down in Cordova?

Rent in Cordova has decreased 1.9% over the past year as of August 2026, offering some relief compared to 12 months ago.

How does Cordova rent compare to other cities in Tennessee?

Cordova is one of the pricier cities in Tennessee for rent, ranking #20 out of 62 tracked cities at $1,766/mo.

Which nearby cities are cheaper to rent in than Cordova?

Lakeland is nearby and more affordable at $1,667/mo, which is $99 less than Cordova.

How does Cordova rent compare to the national average?

Cordova's median rent of $1,766/mo is $196 (10%) below the US national median of $1,962/mo. Within Tennessee, it ranks #20 out of 62 tracked cities.
Income Affordability
29%
AFFORDABLE

At $1,766/mo, rent takes ~29% of US median household income ($72,000/yr). The standard benchmark is 30%.

Cordova 29%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Cordova, TN

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