RentDataNowRentDataNow
City Report · TN

Morristown

Pop. 31,527·45th most expensive in Tennessee·Morristown rents are up 6.8% over the past year
Median rent (all units)
$1,502/mo
Year-over-Year
+6.8%
Month-over-Month
+1.5%
vs US Median
-$463
Rising (Monthly)
Be the first to discuss Morristown rents ↓
Most AffordableMost Expensive
Morristown · $1,502
More affordable than 75% of US cities · National median $1,965/mo
Affordability
38% of income
MODERATE
0%30% benchmark60%+

At $1,502/mo, rent takes about 38% of the local median household income, slightly above the 30% benchmark.

Income to afford
$60,000/yr
Local median income
$47,917/yr
Based on the 30%-of-income rule using Morristown's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$319
1 BR
$625
2 BR
$936
3 BR
$961
4 BR+
$1,938
Research median
$936/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$18,024/yr
At $1,502/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.8% YoY, +1.5% MoM), not inventory.
Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Morristown, TN is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 15% of residents hold a bachelor's degree or higher.

Population
31,527
Median income
$47,917
Median age
36.3
Renters
45.1%
Age distribution
26.4%
22.8%
25.2%
16.4%
Under 1826.4%
18–3422.8%
35–5425.2%
55–649.1%
65+16.4%
Gender
48.8%
51.2%
Male48.8%
Female51.2%
Race & ethnicity
68.7%
24%
White68.7%
Black4.7%
Hispanic24%
Asian0.7%
Other1.9%
Education (25+)
14.7%
40.7%
29.6%
15%
No HS diploma14.7%
HS diploma40.7%
Some college29.6%
Bachelor's+15%
Housing tenure
54.9%
45.1%
Owner54.9%
Renter45.1%

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

2021 vs 2026

How Morristown, TN has changed in 5 years

Income
$36,495 → $47,917
up 31.3%
Population
30,387 → 31,527
up 3.8%
Renter share
50.3% → 45.1%
-5.2 pts
Bachelor's+
15.7% → 15%
-0.7 pts
Median age
37.2 → 36.3
-0.9 yrs

Median household income climbed from $36,495 to $47,917 between 2021 and 2024, a 31.3% shift. Census counts show Morristown, TN adding about 1,140 residents over the five-year window, up 3.8% on net. The renter share has eased from 50.3% to 45.1%, with owner-occupied housing accounting for the remainder.

Community

Discussions about Morristown

No discussions yet. Start the conversation.

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

Can you afford rent in Morristown on your salary?

At $1,502/mo, how Morristown rent compares to typical pay (30% rule).

By apartment size

Morristown rent by bedroom count

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

Local insights

Tips for renters in Morristown

About renting in Morristown, TN

Last updated: July 20, 2026

The median rent in Morristown is $1,502/mo as of July 2026. A studio apartment averages $319/mo while a 2-bedroom runs $936/mo. One-bedroom apartments average $625/mo and 3-bedroom units go for $961/mo.

At 38% of local median household income ($47,917/yr), Morristown ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.8% over the past year.

FAQ

Frequently asked questions

Is Morristown an affordable city for renters?

Morristown is considered moderate for renters. At $1,502/mo, rent takes approximately 38% of the local median household income ($47,917/yr). The standard benchmark is 30%. Morristown slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Morristown?

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 $1,502/mo in Morristown. The local median household income is $47,917/yr, meaning the typical Morristown household falls short of that threshold.

Is rent going up or down in Morristown?

Rent in Morristown has increased 6.8% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Morristown rent compare to other cities in Tennessee?

Morristown is one of the more affordable cities in Tennessee for rent, ranking #45 out of 65 tracked cities at $1,502/mo.

Which nearby cities are cheaper to rent in than Morristown?

Several nearby cities have lower median rents than Morristown ($1,502/mo): Greeneville ($1,114/mo), Jefferson City ($1,152/mo).

What percentage of Morristown residents rent vs. own?

According to Census data, approximately 45.1% of Morristown households are renters, while 54.9% are owner-occupied. Morristown leans toward homeownership, which can mean a smaller rental inventory.

How does Morristown rent compare to the national average?

Morristown's median rent of $1,502/mo is $463 (24%) below the US national median of $1,965/mo. Within Tennessee, it ranks #45 out of 65 tracked cities.
Income Affordability
38%
MODERATE

At $1,502/mo, rent takes ~38% of Morristown's median household income ($47,917/yr). The standard benchmark is 30%.

Morristown 38%Benchmark 30%
State income taxNone
Run the Morristown affordability calculator →
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Morristown, TN

Recent submissions

Be the first to submit your rent for Morristown.

Recent discussions

No discussions yet.