ZIP Code · TN

ZIP 37404

Part of Chattanooga, TN

Pop. 14,737·Hamilton County·84th most expensive ZIP in Tennessee

Median rent (all units)

$1,546/mo

Year-over-Year

+2.0%

Month-over-Month

-0.8%

vs US Median

-$386

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 37404 · $1,546

More affordable than 70% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,130

1 BR

$1,180

2 BR

$1,300

3 BR

$1,620

4 BR+

$1,730

Research median

$1,300/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

Compared with the peak

Rent in ZIP 37404 is 0.8% below its high of $1,559 in August 2026, at $1,546 as of September 2026.

Past year vs. the rest of Tennessee

Rent in ZIP 37404 changed +2.0% over the year to September 2026. Across the 127 Tennessee ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($56,637) is $1,416 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,300); a 3-bedroom is $1,620.

Rank in Chattanooga

7th cheapest of 10 ZIP codes in Chattanooga.

Cheaper nearby

ZIP 37408, 2 miles away, rents for 10% less ($1,388/mo), about $1,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 37404. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,552/yr

At $1,546/mo median

Location

CityChattanooga

StateTN

CountyHamilton 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 (+2.0% YoY, -0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 37404 (Chattanooga, TN) is roughly split between renters and owners, has a median income below the national average, 33% of residents hold a bachelor's degree or higher.

Population

14,737

Median income

$56,637

Median age

34.5

Renters

50%

Age distribution

24.6%

25.9%

25.5%

13.5%

Under 1824.6%

18–3425.9%

35–5425.5%

55–6410.5%

65+13.5%

Gender

49.6%

50.4%

Male49.6%

Female50.4%

Race & ethnicity

45%

35.3%

22.3%

White45%

Black35.3%

Hispanic22.3%

Education (25+)

14.4%

27.4%

25.2%

33%

No HS diploma14.4%

HS diploma27.4%

Some college25.2%

Bachelor's+33%

Housing tenure

50%

Owner50%

Renter50%

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

2022 vs 2026

How ZIP 37404 in Chattanooga, TN has changed in 5 years

Rent

$1,281 → $1,546

up 20.7%

Income

$40,763 → $56,637

up 38.9%

Population

13,152 → 14,737

up 12.1%

Renter share

50.7% → 50%

-0.7 pts

Bachelor's+

28.4% → 33%

+4.6 pts

Median age

35.2 → 34.5

-0.7 yrs

Rent in ZIP 37404 in Chattanooga, TN has climbed 20.7% since 2022, going from about $1,281 per month to roughly $1,546 today. Local incomes tracked alongside that move, going from a median of $40,763 in 2021 to $56,637 more recently. Income growth outran rent by about 18.2 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 13,152 to 14,737 between 2021 and 2024, a 12.1% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 28.4% to 33%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 37404 in Chattanooga, TN market of 2022.

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Local insights

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About renting in ZIP 37404

Last updated: October 17, 2026

ZIP code 37404 covers Chattanooga, TN. The median rent here is $1,546/mo as of October 2026. A 1-bedroom rents for a median of $1,180/mo. A 2-bedroom rents for a median of $1,300/mo.

At 33% of local median household income ($56,637/yr), ZIP 37404 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 37404?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (about $30/hour full-time) to afford the median rent of $1,546/mo in ZIP 37404. The local median household income is $56,637/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 37404?

Rent in ZIP 37404 has risen 2.0% over the past year as of September 2026. It sits 0.8% below its high of $1,559 in August 2026.

How does ZIP 37404 compare to other ZIPs in Tennessee?

ZIP 37404 is in the middle among Tennessee ZIP codes for rent, ranking #84 of 147 at $1,546/mo. Over the year to September 2026, rent in ZIP 37404 changed +2.0%, against a typical +1.8% across the 127 Tennessee ZIP codes Zillow tracks.