At $1,691/mo, rent takes about 30% of the local median household income, slightly above the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,691 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 →
12-month history
Last updated: August 17, 2026
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Who lives here
Lenoir City, TN is majority owner-occupied, has a large retiree population, 19.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Lenoir City, TN has changed in 5 years
Median household income rose from $51,296 to $67,259 between 2021 and 2024, a 31.1% shift. The population has grown by 11.6% since 2021, moving from about 9,953 residents to roughly 11,110. Renters now make up 36.3% of households, compared with 39.3% five years ago.
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Can you afford rent in Lenoir City on your salary?
At $1,691/mo, how Lenoir City rent compares to typical pay (30% rule).
Lenoir City rent by bedroom count
Median rent for each apartment size in Lenoir City. Click any size for full breakdown.
Tips for renters in Lenoir City
Last updated: August 17, 2026
The median rent in Lenoir City is $1,691/mo as of August 2026. A studio apartment averages $1,440/mo while a 2-bedroom runs $1,770/mo. One-bedroom apartments average $1,450/mo and 3-bedroom units go for $2,270/mo.
At 30% of local median household income ($67,259/yr), Lenoir City ranks as moderate compared to the national benchmark of 30%. Rents have decreased 5.8% over the past year.
Frequently asked questions
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What percentage of Lenoir City residents rent vs. own?
How does Lenoir City rent compare to the national average?
At $1,691/mo, rent takes ~30% of Lenoir City's median household income ($67,259/yr). The standard benchmark is 30%.
How does this area stack up?
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Estimated from ZIP-level data
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