ZIP Code · TN

ZIP 37128

Pop. 79,268·Rutherford County·52nd most expensive ZIP in Tennessee
Median rent (all units)
$1,701/mo
Year-over-Year
+1.4%
Month-over-Month
+0.2%
vs US Median
-$231
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 37128 · $1,701
More affordable than 58% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,570
1 BR
$1,640
2 BR
$1,800
3 BR
$2,300
4 BR+
$2,800
Research median
$1,800/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 37128 usually run 1% below trend in December and 1.2% above it in August, about $37 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 37128 is 0.1% below its high of $1,702 in July 2026, at $1,701 as of September 2026.

Past year vs. the rest of Tennessee

Rent in ZIP 37128 changed +1.4% over the year to September 2026. Across the 127 Tennessee ZIP codes Zillow tracks, the typical change was +1.8%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 37128 rose 35.5% while median household income rose 22.3% ($76,571 to $93,665). Rent outpaced income.

Since before the pandemic

Rent in ZIP 37128 is 35.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($93,665) is $2,342 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,300); a 4-bedroom is $2,800.

Rank in Murfreesboro

2nd cheapest of 4 ZIP codes in Murfreesboro.

From Zillow's monthly rent index (ZORI) for ZIP 37128. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$20,412/yr
At $1,701/mo median
Location
StateTN
CountyRutherford County
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 (+1.4% YoY, +0.2% MoM), not inventory.
Demographics

Who lives here

ZIP 37128 (Murfreesboro, TN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 39.2% of residents hold a bachelor's degree or higher.

Population
79,268
Median income
$93,665
Median age
32.6
Renters
36.3%
Age distribution
26.1%
27.7%
27.5%
Under 1826.1%
18–3427.7%
35–5427.5%
55–649.6%
65+9.1%
Gender
48%
52%
Male48%
Female52%
Race & ethnicity
68.2%
12%
White68.2%
Black12%
Hispanic8.7%
Asian5.1%
Other5.9%
Education (25+)
25.1%
31%
39.2%
No HS diploma4.8%
HS diploma25.1%
Some college31%
Bachelor's+39.2%
Housing tenure
63.7%
36.3%
Owner63.7%
Renter36.3%

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

2021 vs 2026

How ZIP 37128 in Murfreesboro, TN has changed in 5 years

Rent
$1,332 → $1,701
up 27.7%
Income
$82,922 → $93,665
up 13.0%
Population
69,285 → 79,268
up 14.4%
Renter share
32.7% → 36.3%
+3.6 pts
Bachelor's+
40.9% → 39.2%
-1.7 pts
Median age
32.1 → 32.6
+0.5 yrs

Five years ago, renters in ZIP 37128 in Murfreesboro, TN paid around $1,332 a month. That figure now sits near $1,701, up 27.7% from the 2021 baseline. On the earnings side, the typical household in ZIP 37128 in Murfreesboro, TN now reports about $93,665, up from $82,922 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 37128 in Murfreesboro, TN adding about 9,983 residents over the five-year window, up 14.4% on net. The renter share has risen from 32.7% to 36.3%, with owner-occupied housing accounting for the remainder. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 37128 in Murfreesboro, TN reflects that arc in its own way.

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About renting in ZIP 37128

Last updated: October 17, 2026

ZIP code 37128 covers Murfreesboro, TN. The median rent here is $1,701/mo as of October 2026. A 1-bedroom rents for a median of $1,640/mo. A 2-bedroom rents for a median of $1,800/mo.

At 22% of local median household income ($93,665/yr), ZIP 37128 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 37128?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (about $33/hour full-time) to afford the median rent of $1,701/mo in ZIP 37128. The local median household income is $93,665/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 37128?

Rent in ZIP 37128 has risen 1.4% over the past year as of September 2026. It sits 0.1% below its high of $1,702 in July 2026.

When is the cheapest time to rent in ZIP 37128?

Asking rents in ZIP 37128 are usually lowest in December, about 1% below their yearly trend, and highest in August, about 1.2% above it. At today's median that is a gap of roughly $37 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 37128?

Yes. From 2019 to 2024, rent in ZIP 37128 rose 35.5% while median household income rose 22.3%, from $76,571 to $93,665. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 37128 compare to other ZIPs in Tennessee?

ZIP 37128 is in the middle among Tennessee ZIP codes for rent, ranking #52 of 147 at $1,701/mo. Over the year to September 2026, rent in ZIP 37128 changed +1.4%, against a typical +1.8% across the 127 Tennessee ZIP codes Zillow tracks.

How does ZIP 37128 compare to the rest of Murfreesboro?

At $1,701/mo, ZIP 37128 is $22 above the Murfreesboro citywide median of $1,679/mo. It is the 2nd cheapest of 4 ZIP codes in Murfreesboro.
Income Affordability
22%
VERY AFFORDABLE

At $1,701/mo, rent takes ~22% of ZIP 37128's median household income ($93,665/yr). The standard benchmark is 30%.

ZIP 37128 22%Benchmark 30%
State income taxNone
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Public schools near ZIP 37128 (Murfreesboro, TN)

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