ZIP Code · TN

ZIP 37918

Pop. 45,971·Knox County·70th most expensive ZIP in Tennessee
Median rent (all units)
$1,596/mo
Year-over-Year
-1.1%
Month-over-Month
-0.8%
vs US Median
-$336
Reported rents
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 37918 · $1,596
More affordable than 66% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,150
1 BR
$1,160
2 BR
$1,440
3 BR
$1,820
4 BR+
$2,130
Research median
$1,440/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

January. Asking rents in ZIP 37918 usually run 0.8% below trend in January and 1% above it in October, about $29 a month apart at today's median. Based on 7 years of data.

Compared with the peak

Rent in ZIP 37918 is 1.2% below its high of $1,615 in February 2026, at $1,596 as of September 2026.

Past year vs. the rest of Tennessee

Rent in ZIP 37918 changed -1.1% 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 37918 rose 68.7% while median household income rose 22.2% ($57,068 to $69,752). Rent outpaced income.

Since before the pandemic

Rent in ZIP 37918 is 64.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($69,752) is $1,744 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,440); a 3-bedroom is $1,820.

Rank in Knoxville

5th cheapest of 14 ZIP codes in Knoxville.

Cheaper nearby

ZIP 37912, 5 miles away, rents for 21% less ($1,257/mo), about $4,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 37918. 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
$19,152/yr
At $1,596/mo median
Location
StateTN
CountyKnox County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 1.1% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-1.1% YoY, -0.8% MoM), not inventory.
Demographics

Who lives here

ZIP 37918 (Knoxville, TN) is majority owner-occupied, 33.2% of residents hold a bachelor's degree or higher.

Population
45,971
Median income
$69,752
Median age
39.8
Renters
31%
Age distribution
20%
23.8%
24.8%
12.1%
19.4%
Under 1820%
18–3423.8%
35–5424.8%
55–6412.1%
65+19.4%
Gender
48.5%
51.5%
Male48.5%
Female51.5%
Race & ethnicity
81.9%
White81.9%
Black5.4%
Hispanic8.1%
Asian2%
Other2.6%
Education (25+)
26.9%
32.4%
33.2%
No HS diploma7.6%
HS diploma26.9%
Some college32.4%
Bachelor's+33.2%
Housing tenure
69%
31%
Owner69%
Renter31%

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

2021 vs 2026

How ZIP 37918 in Knoxville, TN has changed in 5 years

Rent
$1,091 → $1,596
up 46.3%
Income
$59,801 → $69,752
up 16.6%
Population
46,160 → 45,971
down 0.4%
Renter share
33.1% → 31%
-2.1 pts
Bachelor's+
27.8% → 33.2%
+5.4 pts
Median age
38.9 → 39.8
+0.9 yrs

Compared with 2021, rent in ZIP 37918 in Knoxville, TN has increased by $505 per month, settling near $1,596 after starting the period at $1,091. Median household income grew from $59,801 to $69,752 between 2021 and 2024, a 16.6% shift. Rent outpaced income growth by roughly 29.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 31% of households rent today, against 33.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 27.8% to 33.2%. Taken together, the five-year picture in ZIP 37918 in Knoxville, TN reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 37918

Last updated: October 17, 2026

ZIP code 37918 covers Knoxville, TN. The median rent here is $1,596/mo as of October 2026. A 1-bedroom rents for a median of $1,160/mo. A 2-bedroom rents for a median of $1,440/mo.

At 27% of local median household income ($69,752/yr), ZIP 37918 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 37918?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (about $31/hour full-time) to afford the median rent of $1,596/mo in ZIP 37918. The local median household income is $69,752/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 37918?

Rent in ZIP 37918 has fallen 1.1% over the past year as of September 2026. It sits 1.2% below its high of $1,615 in February 2026.

When is the cheapest time to rent in ZIP 37918?

Asking rents in ZIP 37918 are usually lowest in January, about 0.8% below their yearly trend, and highest in October, about 1% above it. At today's median that is a gap of roughly $29 a month. This pattern comes from 7 years of Zillow rent data.

Has rent outpaced income in ZIP 37918?

Yes. From 2019 to 2024, rent in ZIP 37918 rose 68.7% while median household income rose 22.2%, from $57,068 to $69,752. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 37918 compare to other ZIPs in Tennessee?

ZIP 37918 is in the middle among Tennessee ZIP codes for rent, ranking #70 of 147 at $1,596/mo. Over the year to September 2026, rent in ZIP 37918 changed -1.1%, against a typical +1.8% across the 127 Tennessee ZIP codes Zillow tracks.

How does ZIP 37918 compare to the rest of Knoxville?

At $1,596/mo, ZIP 37918 is $105 below the Knoxville citywide median of $1,701/mo. It is the 5th cheapest of 14 ZIP codes in Knoxville.
Income Affordability
27%
AFFORDABLE

At $1,596/mo, rent takes ~27% of ZIP 37918's median household income ($69,752/yr). The standard benchmark is 30%.

ZIP 37918 27%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 37918 (Knoxville, TN)

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