Can A Real Estate Agent Afford Rent in Collierville, TN?
Stretched but workable — rent takes 39.6% of gross income.
Collierville rent: July 2026. Salary: BLS OEWS May 2024 (Tennessee state estimate).
About rent and a real estate agent salary
Real estate agent pay is commission-driven and varies widely with local market conditions. The BLS mean averages high and low producers. At the national-average agent salary, the 30% rule supports about $1,640 a month in rent — though successful agents in active markets earn well above this.
Cheaper rent nearby
These Tennessee cities have lower median rent than Collierville, which improves the affordability math on a real estate agent salary:
Compare with full rent data for Collierville
View full rent data for Collierville, TN →Frequently asked questions
Can a real estate agent afford rent in Collierville, TN?
Median rent in Collierville is $1,990 a month. A typical real estate agent in Tennessee earns about $60,334 a year, which makes that rent 39.6% of gross monthly income. Under the 30% rule, the answer is no — rent exceeds the 30% threshold.
How much rent can a real estate agent afford in Collierville?
Using the 30% rule, a real estate agent salary in Tennessee (~$60,334/yr) supports up to $1,508 a month in rent. Collierville's current median rent is $1,990/mo, which is $482/mo over the affordability threshold.
How many hours does a real estate agent work to cover rent in Collierville?
At an hourly equivalent of about $29 an hour, a real estate agent in Tennessee works roughly 68.6 hours a month to cover Collierville's median rent of $1,990.
Where is rent cheaper than Collierville for a real estate agent?
Nearby Tennessee cities with lower median rent include Farragut ($1,988/mo), Farragut ($1,984/mo), Farragut ($1,983/mo). Each shifts the affordability math materially on a real estate agent salary.