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City Report · TN

Smithville

Pop. 5,288·53rd most expensive in Tennessee·One of the most affordable rental markets in the US
Median rent (all units)
$1,400/mo
Year-over-Year
Stable
Month-over-Month
-6.7%
vs US Median
-$565
Falling (Monthly)
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Most AffordableMost Expensive
Smithville · $1,400
More affordable than 81% of US cities · National median $1,965/mo
Affordability
51% of income
EXPENSIVE
0%30% benchmark60%+

At $1,400/mo, rent takes about 51% of the local median household income, well above the 30% benchmark.

Income to afford
$56,000/yr
Local median income
$33,192/yr
Based on the 30%-of-income rule using Smithville's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,270
1 BR
$1,300
2 BR
$1,460
3 BR
$1,840
4 BR+
$2,240
Research median
$1,460/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: May 18, 2026

Annual cost
$16,800/yr
At $1,400/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -6.7% MoM), not inventory.
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Demographics

Who lives here

Smithville, TN is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 17% of residents hold a bachelor's degree or higher.

Population
5,288
Median income
$33,192
Median age
42.2
Renters
45.3%
Age distribution
25.2%
16.9%
30%
16.2%
Under 1825.2%
18–3416.9%
35–5430%
55–6411.7%
65+16.2%
Gender
44.9%
55.1%
Male44.9%
Female55.1%
Race & ethnicity
78.4%
18.2%
White78.4%
Black2%
Hispanic18.2%
Asian2.6%
Education (25+)
27.9%
34.4%
20.6%
17%
No HS diploma27.9%
HS diploma34.4%
Some college20.6%
Bachelor's+17%
Housing tenure
54.7%
45.3%
Owner54.7%
Renter45.3%

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

2021 vs 2026

How Smithville, TN has changed in 5 years

Income
$31,050 → $33,192
up 6.9%
Population
4,949 → 5,288
up 6.8%
Renter share
55.7% → 45.3%
-10.4 pts
Bachelor's+
15.7% → 17%
+1.3 pts

Census figures show median household income at $33,192 today, compared with $31,050 five years earlier. Census counts show Smithville, TN adding about 339 residents over the five-year window, up 6.8% on net. The renter share has eased from 55.7% to 45.3%, with owner-occupied housing accounting for the remainder.

Community

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

Can you afford rent in Smithville on your salary?

At $1,400/mo, how Smithville rent compares to typical pay (30% rule).

By apartment size

Smithville rent by bedroom count

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

Local insights

Tips for renters in Smithville

About renting in Smithville, TN

Last updated: May 18, 2026

The median rent in Smithville is $1,400/mo as of May 2026. A studio apartment averages $1,270/mo while a 2-bedroom runs $1,460/mo. One-bedroom apartments average $1,300/mo and 3-bedroom units go for $1,840/mo.

At 51% of local median household income ($33,192/yr), Smithville ranks as expensive compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Smithville an affordable city for renters?

Smithville is considered expensive for renters. At $1,400/mo, rent takes approximately 51% of the local median household income ($33,192/yr). The standard benchmark is 30%. Smithville significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Smithville?

To keep rent at or below 30% of gross income, you would need to earn at least $56,000/year (~$27/hour full-time) to afford the median rent of $1,400/mo in Smithville. The local median household income is $33,192/yr, meaning the typical Smithville household falls short of that threshold.

Is rent going up or down in Smithville?

Rent in Smithville has been relatively stable over the past year, with a 0.0% change year over year as of May 2026.

How does Smithville rent compare to other cities in Tennessee?

Smithville is one of the more affordable cities in Tennessee for rent, ranking #53 out of 66 tracked cities at $1,400/mo.

What percentage of Smithville residents rent vs. own?

According to Census data, approximately 45.3% of Smithville households are renters, while 54.7% are owner-occupied. Smithville leans toward homeownership, which can mean a smaller rental inventory.

How does Smithville rent compare to the national average?

Smithville's median rent of $1,400/mo is $565 (29%) below the US national median of $1,965/mo. Within Tennessee, it ranks #53 out of 66 tracked cities.
Income Affordability
51%
EXPENSIVE

At $1,400/mo, rent takes ~51% of Smithville's median household income ($33,192/yr). The standard benchmark is 30%.

Smithville 51%Benchmark 30%
State income taxNone
Run the Smithville affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Smithville, TN

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