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ZIP Code · TN

ZIP 37403

Pop. 6,413·Hamilton County·68th most expensive ZIP in Tennessee
Median rent (all units)
$1,663/mo
Year-over-Year
+10.3%
Month-over-Month
-2.4%
vs US Median
-$302
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 37403 · $1,663
More affordable than 61% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,440
1 BR
$1,500
2 BR
$1,650
3 BR
$2,060
4 BR+
$2,200
Research median
$1,650/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
$19,956/yr
At $1,663/mo median
Location
StateTN
CountyHamilton County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (10.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+10.3% YoY, -2.4% MoM), not inventory.
Demographics

Who lives here

ZIP 37403 (Chattanooga, TN) is majority renter-occupied, skews toward younger working-age adults, 55.5% of residents hold a bachelor's degree or higher.

Population
6,413
Median income
$81,136
Median age
21.2
Renters
74.1%
Age distribution
72%
12.3%
Under 182.9%
18–3472%
35–5412.3%
55–647%
65+5.8%
Gender
47.7%
52.3%
Male47.7%
Female52.3%
Race & ethnicity
74.1%
14.1%
White74.1%
Black14.1%
Hispanic5.5%
Asian3.9%
Other2.4%
Education (25+)
13.5%
27.4%
55.5%
No HS diploma3.6%
HS diploma13.5%
Some college27.4%
Bachelor's+55.5%
Housing tenure
25.9%
74.1%
Owner25.9%
Renter74.1%

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

2021 vs 2026

How ZIP 37403 in Chattanooga, TN has changed in 5 years

Income
$54,358 → $81,136
up 49.3%
Population
7,452 → 6,413
down 13.9%
Renter share
77% → 74.1%
-2.9 pts
Bachelor's+
42.5% → 55.5%
+13.0 pts
Median age
20.7 → 21.2
+0.5 yrs

Local incomes tracked alongside that move, going from a median of $54,358 in 2021 to $81,136 more recently. Census counts show ZIP 37403 in Chattanooga, TN losing about 1,039 residents over the five-year window, down 13.9% on net. The renter share has eased from 77% to 74.1%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 42.5% to 55.5% across the same window.

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Local insights

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About renting in ZIP 37403

Last updated: July 20, 2026

ZIP code 37403 covers Chattanooga, TN. The median rent here is $1,663/mo as of July 2026. A 1-bedroom rents for a median of $1,500/mo. A 2-bedroom rents for a median of $1,650/mo.

At 25% of local median household income ($81,136/yr), ZIP 37403 ranks as affordable compared to the national benchmark of 30%. Rents have increased 10.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 37403?

As of July 20, 2026, the median monthly rent in ZIP 37403 (Chattanooga, TN) is $1,663. This is based on aggregated data from public sources and community submissions.

How does ZIP 37403 rent compare to the US average?

ZIP 37403's median rent of $1,663/mo is $302 (15%) below the US national median of $1,965/mo.

How does ZIP 37403 compare to other ZIPs in Tennessee?

ZIP 37403 falls in the middle range for Tennessee, ranking #68 out of 145 ZIPs at $1,663/mo.

How much income do you need to rent in ZIP 37403?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (~$32/hour full-time) to afford the median rent of $1,663/mo in ZIP 37403. The local median household income is $81,136/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 37403?

Rent in ZIP 37403 has increased 10.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 37403 an affordable place to rent?

ZIP 37403 is considered affordable for renters. At $1,663/mo, rent takes approximately 25% of the local median household income ($81,136/yr). The standard benchmark is 30%. ZIP 37403 falls comfortably within that range.

What percentage of ZIP 37403 residents rent vs. own?

According to Census data, approximately 74.1% of ZIP 37403 households are renters, while 25.9% are owner-occupied. With a majority renter population, ZIP 37403 has a strong rental market.

How does ZIP 37403 compare to the rest of Chattanooga?

ZIP 37403 is pricier than Chattanooga as a whole. At $1,663/mo, it's $158 above the Chattanooga citywide median of $1,505/mo.

When was rent data for ZIP 37403 last updated?

Rent data for ZIP 37403 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,663/mo, rent takes ~25% of ZIP 37403's median household income ($81,136/yr). The standard benchmark is 30%.

ZIP 37403 25%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 37403 (Chattanooga, TN)

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