City Report · TN

Red Bank

Pop. 12,010·56th most expensive in Tennessee·One of the most affordable rental markets in the US
Median rent (all units)
$1,283/mo
Year-over-Year
+1.6%
Month-over-Month
+0.6%
vs US Median
-$649
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
Red Bank · $1,283
More affordable than 89% of US cities · National median $1,932/mo
Rent Reality Score
56/100
Fairly priced
OverheatedFairGreat value

Rents are 3% below what Red Bank's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,283/mo
Expected by trend
$1,323/mo
The Rent Reality Score compares today's median rent to where Red Bank's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,037
1 BR
$1,081
2 BR
$1,202
3 BR
$1,515
4 BR+
$1,636
Research median
$1,202/mo

Bedroom figures are derived from HUD Fair Market Rents and scaled to match Red Bank's market median, because the published HUD values all ran above it. They are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in Red Bank is 1% below its high of $1,296 in September 2024, at $1,283 as of September 2026.

Past year vs. the rest of Tennessee

Rent in Red Bank changed +1.6% over the year to September 2026. Across the 51 Tennessee cities Zillow tracks, the typical change was +2.0%.

Recent direction

Rent has risen 2 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($63,983) is $1,600 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,470); a 2-bedroom is $1,635.

From Zillow's monthly rent index (ZORI) for Red Bank. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$15,396/yr
At $1,283/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (1.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+1.6% YoY, +0.6% MoM), not inventory.
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Demographics

Who lives here

Red Bank, TN is majority owner-occupied, skews toward younger working-age adults, has a median income below the national average, 44.5% of residents hold a bachelor's degree or higher.

Population
12,010
Median income
$63,983
Median age
37.9
Renters
44.2%
Age distribution
13.7%
32.2%
26.4%
12.1%
15.6%
Under 1813.7%
18–3432.2%
35–5426.4%
55–6412.1%
65+15.6%
Gender
44.3%
55.7%
Male44.3%
Female55.7%
Race & ethnicity
81.5%
White81.5%
Black6.1%
Hispanic7.7%
Asian1.7%
Other3%
Education (25+)
18.4%
31.6%
44.5%
No HS diploma5.5%
HS diploma18.4%
Some college31.6%
Bachelor's+44.5%
Housing tenure
55.8%
44.2%
Owner55.8%
Renter44.2%

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

2022 vs 2026

How Red Bank, TN has changed in 5 years

Rent
$1,222 → $1,283
up 5.0%
Income
$48,158 → $63,983
up 32.9%
Population
11,855 → 12,010
up 1.3%
Renter share
44.9% → 44.2%
-0.7 pts
Bachelor's+
35.4% → 44.5%
+9.1 pts

The median rent in Red Bank, TN stood at $1,222 in 2022 and currently runs about $1,283, reflecting a 5.0% increase over the period. Census figures show median household income at $63,983 today, compared with $48,158 five years earlier. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 1.3% since 2021, moving from about 11,855 residents to roughly 12,010. College-educated residents now make up 44.5% of adults here, versus 35.4% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

Community

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View Red Bank rent history (2015–2026) →
Salary vs rent

Can you afford rent in Red Bank on your salary?

At $1,283/mo, how Red Bank rent compares to typical pay (30% rule).

By apartment size

Red Bank rent by bedroom count

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

Local insights

Tips for renters in Red Bank

About renting in Red Bank, TN

Last updated: October 17, 2026

The median rent in Red Bank is $1,283/mo as of October 2026. A studio apartment averages $1,037/mo while a 2-bedroom runs $1,202/mo. One-bedroom apartments average $1,081/mo and 3-bedroom units go for $1,515/mo.

At 24% of local median household income ($63,983/yr), Red Bank ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in Red Bank?

To keep rent at or below 30% of gross income, you would need to earn at least $51,000/year (about $25/hour full-time) to afford the median rent of $1,283/mo in Red Bank. The local median household income is $63,983/yr, so the typical household meets that bar.

Is rent going up or down in Red Bank?

Rent in Red Bank has risen 1.6% over the past year as of September 2026. It sits 1% below its high of $1,296 in September 2024.

Which Red Bank neighborhoods have the lowest rent?

The most affordable ZIP codes in Red Bank are 37415 ($1,324/mo), and 37405 ($1,553/mo). Citywide, the median rent is $1,283/mo.

How does Red Bank rent compare to other cities in Tennessee?

Red Bank is one of the more affordable among Tennessee cities for rent, ranking #56 of 66 tracked cities at $1,283/mo. Over the year to September 2026, rent in Red Bank changed +1.6%, against a typical +2.0% across the 51 Tennessee cities Zillow tracks.
Income Affordability
24%
VERY AFFORDABLE

At $1,283/mo, rent takes ~24% of Red Bank's median household income ($63,983/yr). The standard benchmark is 30%.

Red Bank 24%Benchmark 30%
State income taxNone
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Lowest-rent ZIP codes in Red Bank
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Red Bank, TN

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