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ZIP Code · TN

ZIP 37040

Pop. 64,977·Montgomery County·123rd most expensive ZIP in Tennessee
Median rent (all units)
$1,298/mo
Year-over-Year
-4.4%
Month-over-Month
-0.1%
vs US Median
-$667
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 37040 · $1,298
More affordable than 87% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,120
1 BR
$1,120
2 BR
$1,380
3 BR
$1,920
4 BR+
$2,320
Research median
$1,380/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
$15,576/yr
At $1,298/mo median
Location
StateTN
CountyMontgomery County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 4.4% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-4.4% YoY, -0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 37040 (Clarksville, TN) is majority owner-occupied, skews toward younger working-age adults, 29% of residents hold a bachelor's degree or higher.

Population
64,977
Median income
$67,745
Median age
31.4
Renters
42.2%
Age distribution
26.1%
30.4%
25.5%
Under 1826.1%
18–3430.4%
35–5425.5%
55–648.8%
65+9.2%
Gender
49.4%
50.6%
Male49.4%
Female50.6%
Race & ethnicity
58.3%
23.8%
12.2%
White58.3%
Black23.8%
Hispanic12.2%
Asian2.1%
Other3.6%
Education (25+)
26.6%
38%
29%
No HS diploma6.3%
HS diploma26.6%
Some college38%
Bachelor's+29%
Housing tenure
57.8%
42.2%
Owner57.8%
Renter42.2%

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

2021 vs 2026

How ZIP 37040 in Clarksville, TN has changed in 5 years

Rent
$1,096 → $1,298
up 18.4%
Income
$58,229 → $67,745
up 16.3%
Population
58,490 → 64,977
up 11.1%
Renter share
40.7% → 42.2%
+1.5 pts
Bachelor's+
28.6% → 29%
+0.4 pts

Since 2021, the typical rent in ZIP 37040 in Clarksville, TN has increased from $1,096 to $1,298, a 18.4% change over five years. On the earnings side, the typical household in ZIP 37040 in Clarksville, TN now reports about $67,745, up from $58,229 in 2021. The population has grown by 11.1% since 2021, moving from about 58,490 residents to roughly 64,977. Renters now make up 42.2% of households, compared with 40.7% five years ago. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 37040 in Clarksville, TN reflects that arc in its own way.

Community

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Local insights

Tips for renters in ZIP 37040

About renting in ZIP 37040

Last updated: July 20, 2026

ZIP code 37040 covers Clarksville, TN. The median rent here is $1,298/mo as of July 2026. A 1-bedroom rents for a median of $1,120/mo. A 2-bedroom rents for a median of $1,380/mo.

At 23% of local median household income ($67,745/yr), ZIP 37040 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 4.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 37040?

As of July 20, 2026, the median monthly rent in ZIP 37040 (Clarksville, TN) is $1,298. This is based on aggregated data from public sources and community submissions.

How does ZIP 37040 rent compare to the US average?

ZIP 37040's median rent of $1,298/mo is $667 (34%) below the US national median of $1,965/mo.

How does ZIP 37040 compare to other ZIPs in Tennessee?

ZIP 37040 is among the more affordable ZIP codes in Tennessee, ranking #123 out of 145 ZIPs at $1,298/mo.

How much income do you need to rent in ZIP 37040?

To keep rent at or below 30% of gross income, you would need to earn at least $52,000/year (~$25/hour full-time) to afford the median rent of $1,298/mo in ZIP 37040. The local median household income is $67,745/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 37040?

Rent in ZIP 37040 has decreased 4.4% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 37040 an affordable place to rent?

ZIP 37040 is considered very affordable for renters. At $1,298/mo, rent takes approximately 23% of the local median household income ($67,745/yr). The standard benchmark is 30%. ZIP 37040 falls comfortably within that range.

What percentage of ZIP 37040 residents rent vs. own?

According to Census data, approximately 42.2% of ZIP 37040 households are renters, while 57.8% are owner-occupied. ZIP 37040 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 37040 compare to the rest of Clarksville?

ZIP 37040 is more affordable than Clarksville overall. At $1,298/mo, it's $78 below the Clarksville citywide median of $1,376/mo.

When was rent data for ZIP 37040 last updated?

Rent data for ZIP 37040 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,298/mo, rent takes ~23% of ZIP 37040's median household income ($67,745/yr). The standard benchmark is 30%.

ZIP 37040 23%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 37040 (Clarksville, TN)

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