Rents are 6% below what Millington's 10-year trend predicts — a better deal than its own history suggests.
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 $1,533 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: October 17, 2026
What the numbers show
Rent in Millington is 2.6% below its high of $1,574 in February 2026, at $1,533 as of September 2026.
Rent in Millington changed -0.2% over the year to September 2026. Across the 51 Tennessee cities Zillow tracks, the typical change was +2.0%.
Rent has fallen 3 months in a row, and rose in 6 of the last 12 months.
30% of the median household income ($49,979) is $1,249 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,220); a 2-bedroom is $1,370.
Memphis, 16 miles away, rents for 18% less ($1,259/mo), about $3,300 a year in savings.
From Zillow's monthly rent index (ZORI) for Millington. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Millington, TN is majority owner-occupied, has a median income below the national average, 18.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Millington, TN has changed in 5 years
The median rent in Millington, TN stood at $1,379 in 2023 and currently runs about $1,533, reflecting a 11.2% increase over the period. On the earnings side, the typical household in Millington, TN now reports about $49,979, up from $49,196 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 6.7% since 2021, moving from about 10,583 residents to roughly 11,289. Renters now make up 42.2% of households, compared with 37.9% five years ago. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and Millington, TN reflects that arc in its own way.
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At $1,533/mo, how Millington rent compares to typical pay (30% rule).
Millington rent by bedroom count
Median rent for each apartment size in Millington. Click any size for full breakdown.
Tips for renters in Millington
Last updated: October 17, 2026
The median rent in Millington is $1,533/mo as of October 2026. A studio apartment averages $1,120/mo while a 2-bedroom runs $1,370/mo. One-bedroom apartments average $1,220/mo and 3-bedroom units go for $1,800/mo.
At 37% of local median household income ($49,979/yr), Millington ranks as moderate compared to the national benchmark of 30%. Rents have decreased 0.2% over the past year.
Frequently asked questions
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Is rent going up or down in Millington?
How does Millington rent compare to other cities in Tennessee?
Which nearby cities are cheaper to rent in than Millington?
At $1,533/mo, rent takes ~37% of Millington's median household income ($49,979/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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