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City Report · TN

Oakland

Pop. 9,979·9th most expensive in Tennessee·Rental market data updated monthly for Oakland, TN
Median rent (all units)
$2,123/mo
Year-over-Year
+4.6%
Month-over-Month
-1.5%
vs US Median
+$158
Falling (Monthly)
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Most AffordableMost Expensive
Oakland · $2,123
More expensive than 65% of US cities · National median $1,965/mo
Rent Reality Score
51/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Oakland's 10-year trend predicts.

Actual rent
$2,123/mo
Expected by trend
$2,134/mo
The Rent Reality Score compares today's median rent to where Oakland's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,330
1 BR
$1,470
2 BR
$1,670
3 BR
$2,200
4 BR+
$2,560
Research median
$1,670/mo

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

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$25,476/yr
At $2,123/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+4.6% YoY, -1.5% MoM), not inventory.
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Demographics

Who lives here

Oakland, TN is majority owner-occupied, has a median income above the national average, 33.2% of residents hold a bachelor's degree or higher.

Population
9,979
Median income
$97,798
Median age
40.3
Renters
13%
Age distribution
20.8%
18.7%
27.8%
15.5%
17.2%
Under 1820.8%
18–3418.7%
35–5427.8%
55–6415.5%
65+17.2%
Gender
48.5%
51.5%
Male48.5%
Female51.5%
Race & ethnicity
68%
26.5%
White68%
Black26.5%
Hispanic2.1%
Other3.3%
Education (25+)
30.1%
33.4%
33.2%
No HS diploma3.3%
HS diploma30.1%
Some college33.4%
Bachelor's+33.2%
Housing tenure
87%
13%
Owner87%
Renter13%

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

2023 vs 2026

How Oakland, TN has changed in 5 years

Rent
$1,866 → $2,123
up 13.8%
Income
$78,125 → $97,798
up 25.2%
Population
8,805 → 9,979
up 13.3%
Renter share
12.1% → 13%
+0.9 pts
Bachelor's+
26.8% → 33.2%
+6.4 pts
Median age
37.8 → 40.3
+2.5 yrs

Five years ago, renters in Oakland, TN paid around $1,866 a month. That figure now sits near $2,123, up 13.8% from the 2023 baseline. Median household income climbed from $78,125 to $97,798 between 2021 and 2024, a 25.2% 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 Oakland, TN adding about 1,174 residents over the five-year window, up 13.3% on net. Bachelor's-degree-or-higher attainment moved from 26.8% to 33.2% across the same window. Taken together, the five-year picture in Oakland, 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

Discussions about Oakland

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

Can you afford rent in Oakland on your salary?

At $2,123/mo, how Oakland rent compares to typical pay (30% rule).

By apartment size

Oakland rent by bedroom count

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

Local insights

Tips for renters in Oakland

About renting in Oakland, TN

Last updated: July 20, 2026

The median rent in Oakland is $2,123/mo as of July 2026. A studio apartment averages $1,330/mo while a 2-bedroom runs $1,670/mo. One-bedroom apartments average $1,470/mo and 3-bedroom units go for $2,200/mo.

At 26% of local median household income ($97,798/yr), Oakland ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.6% over the past year.

FAQ

Frequently asked questions

Is Oakland an affordable city for renters?

Oakland is considered affordable for renters. At $2,123/mo, rent takes approximately 26% of the local median household income ($97,798/yr). The standard benchmark is 30%. Oakland falls comfortably within that range.

How much income do you need to rent in Oakland?

To keep rent at or below 30% of gross income, you would need to earn at least $85,000/year (~$41/hour full-time) to afford the median rent of $2,123/mo in Oakland. The local median household income is $97,798/yr, meaning the typical Oakland household meets that threshold.

Is rent going up or down in Oakland?

Rent in Oakland has increased 4.6% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Oakland rent compare to other cities in Tennessee?

Oakland is one of the pricier cities in Tennessee for rent, ranking #9 out of 65 tracked cities at $2,123/mo.

Which nearby cities are cheaper to rent in than Oakland?

Several nearby cities have lower median rents than Oakland ($2,123/mo): Lakeland ($1,725/mo), Cordova ($1,811/mo), Bartlett ($1,938/mo).

What percentage of Oakland residents rent vs. own?

According to Census data, approximately 13% of Oakland households are renters, while 87% are owner-occupied. Oakland leans toward homeownership, which can mean a smaller rental inventory.

How does Oakland rent compare to the national average?

Oakland's median rent of $2,123/mo is $158 (8%) above the US national median of $1,965/mo. Within Tennessee, it ranks #9 out of 65 tracked cities.
Income Affordability
26%
AFFORDABLE

At $2,123/mo, rent takes ~26% of Oakland's median household income ($97,798/yr). The standard benchmark is 30%.

Oakland 26%Benchmark 30%
State income taxNone
Run the Oakland affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Oakland, TN

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