ZIP Code · TN

ZIP 37923

Part of Knoxville, TN

Pop. 30,131·Knox County·69th most expensive ZIP in Tennessee

Median rent (all units)

$1,600/mo

Year-over-Year

-0.1%

Month-over-Month

-0.7%

vs US Median

-$332

Reported rents

Falling (Monthly)

Be the first to discuss 37923 rents ↓

Most AffordableMost Expensive

ZIP 37923 · $1,600

More affordable than 65% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,330

1 BR

$1,340

2 BR

$1,660

3 BR

$2,100

4 BR+

$2,450

Research median

$1,660/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

March. Asking rents in ZIP 37923 usually run 1.4% below trend in March and 1.5% above it in October, about $46 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 37923 is 2% below its high of $1,633 in March 2026, at $1,600 as of September 2026.

Past year vs. the rest of Tennessee

Rent in ZIP 37923 changed -0.1% 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 5 of the last 12 months.

What a typical income covers

30% of the median household income ($73,699) is $1,842 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,660); a 3-bedroom is $2,100.

Rank in Knoxville

6th cheapest of 14 ZIP codes in Knoxville.

Cheaper nearby

ZIP 37912, 8 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 37923. 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

$19,200/yr

At $1,600/mo median

Location

CityKnoxville

StateTN

CountyKnox 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 (-0.1% YoY, -0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 37923 (Knoxville, TN) is majority owner-occupied, 46.7% of residents hold a bachelor's degree or higher.

Population

30,131

Median income

$73,699

Median age

36.6

Renters

40.3%

Age distribution

21.3%

26.5%

25.9%

15.2%

Under 1821.3%

18–3426.5%

35–5425.9%

55–6411.2%

65+15.2%

Gender

49.4%

50.6%

Male49.4%

Female50.6%

Race & ethnicity

79.2%

White79.2%

Black6.1%

Hispanic8.6%

Asian4.1%

Other2.1%

Education (25+)

20.3%

27.4%

46.7%

No HS diploma5.6%

HS diploma20.3%

Some college27.4%

Bachelor's+46.7%

Housing tenure

59.7%

40.3%

Owner59.7%

Renter40.3%

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

2021 vs 2026

How ZIP 37923 in Knoxville, TN has changed in 5 years

Rent

$1,139 → $1,600

up 40.5%

Income

$65,909 → $73,699

up 11.8%

Population

31,893 → 30,131

down 5.5%

Renter share

39.8% → 40.3%

+0.5 pts

Bachelor's+

45.9% → 46.7%

+0.8 pts

Median age

34.7 → 36.6

+1.9 yrs

Since 2021, the typical rent in ZIP 37923 in Knoxville, TN has increased from $1,139 to $1,600, a 40.5% change over five years. On the earnings side, the typical household in ZIP 37923 in Knoxville, TN now reports about $73,699, up from $65,909 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 5.5% since 2021, moving from about 31,893 residents to roughly 30,131. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 37923 in Knoxville, TN reflects that arc in its own way.

Community

Discussions about ZIP 37923

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 37923

About renting in ZIP 37923

Last updated: October 17, 2026

ZIP code 37923 covers Knoxville, TN. The median rent here is $1,600/mo as of October 2026. A 1-bedroom rents for a median of $1,340/mo. A 2-bedroom rents for a median of $1,660/mo.

At 26% of local median household income ($73,699/yr), ZIP 37923 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 37923?

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 $1,600/mo in ZIP 37923. The local median household income is $73,699/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 37923?

Rent in ZIP 37923 has been roughly flat over the past year as of September 2026, a -0.1% change. It sits 2% below its high of $1,633 in March 2026.

When is the cheapest time to rent in ZIP 37923?

Asking rents in ZIP 37923 are usually lowest in March, about 1.4% below their yearly trend, and highest in October, about 1.5% above it. At today's median that is a gap of roughly $46 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 37923 compare to other ZIPs in Tennessee?

ZIP 37923 is in the middle among Tennessee ZIP codes for rent, ranking #69 of 147 at $1,600/mo. Over the year to September 2026, rent in ZIP 37923 changed -0.1%, against a typical +1.8% across the 127 Tennessee ZIP codes Zillow tracks.