Fall foliage in one of the cheapest places to live in Tennessee

The Cheapest Places to Live in Tennessee for 2024

Tennessee is known for its southern charm, legendary music scene, and stunning landscapes. But for those looking to call the Volunteer State home, finding the cheapest places to live in Tennessee is key. The good news? Tennessee is full of cities that combine affordable living with plenty of perks. Below, we’ve rounded up five of the top cities where you can find a great place to live in Tennessee without breaking the bank. 

From the cheapest to the priciest, these cities all boast an average rent below the state’s median of $1,374. Beyond that, they are all home to large employers and affordable attractions. Let’s explore five of the most affordable places to settle down in Tennessee and learn a bit more about what makes each city so special.

1. Johnson City

Average rent: $810

Johnson City takes the crown as one of the most affordable places to live in Tennessee. With an average rent of just $810, it’s easy on the wallet. Whether you’re renting a cozy studio for $560 or a spacious two-bedroom for $1,050, you’re likely to find something that fits your budget here. 

But affordability doesn’t mean sacrificing quality of life. Johnson City is home to East Tennessee State University, a major employer and the driving force behind Johnson City’s reputation as one of the top Tennessee college towns. When it comes to free and cheap activities, you’re spoiled for choice. The city is full of beautiful parks, including Founders Park and Buffalo Mountain Park. If you’re looking for an authentic Johnson City experience, you can’t go wrong with a visit to the Farmers Market or a free concert downtown.

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Paddle boarders enjoying a beautiful day in Kingsport, TN

2. Kingsport

Average rent: $810

Kingsport is another gem in Tennessee’s affordable cities list, with an average rent of $810. It’s especially attractive for those looking for a studio apartment, which costs just $650 on average. Even a two-bedroom apartment in Kingsport is a bargain at $980. 

The job market in Kingsport is supported by major employers like Eastman Chemical Company and Holston Valley Medical Center. For a little fun under the sun, Kingsport doesn’t disappoint. Bays Mountain Park offers miles of hiking trails, a planetarium, and a beautiful lake—all for a minimal entry fee. For something free and relaxing, check out the Greenbelt, a scenic walking and biking trail that winds through the city.

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3. Clarksville

Average rent: $1,077

With an average rent of $1,077, Clarksville offers a mix of affordability and amenities. A one-bedroom apartment averages $1,087, and a two-bedroom is just a bit more at $1,265. 

Clarksville is home to Fort Campbell, a noteworthy employer in the area, along with Austin Peay State University. If you enjoy spending time outdoors, the city has plenty to offer. You can explore Dunbar Cave State Park, which features hiking trails and guided cave tours. For a dose of history, visit the Customs House Museum & Cultural Center, one of the oldest museums in Tennessee.

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Memphis is the premier affordable big city in Tennessee for 2024

4. Memphis

Average rent: $1,087

Famous for its musical history, Memphis also happens to be one of the more affordable big cities in Tennessee. The average rent in Memphis is $1,087, with one-bedroom apartments available for as low as $978. Even a two-bedroom apartment in Memphis is relatively affordable at $1,097. 

Job seekers will find opportunities with major employers like FedEx, St. Jude Children’s Research Hospital, and International Paper. And when it comes to affordable fun, Memphis delivers. Stroll down Beale Street to soak up the local music scene, or visit the Memphis Zoo on a discounted day. For those who enjoy the outdoors, Shelby Farms Park has over 4,500 acres of green space, with free access to many of its trails and open areas.

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5. Gallatin

Average rent: $1,299

Gallatin rounds out our list with an average rent of $1,299, still below Tennessee’s state median. A one-bedroom apartment will set you back about $1,387, while a two-bedroom averages $1,644. 

Major employers in Gallatin include Sumner Regional Medical Center and Volunteer State Community College. For outdoorsy types, Gallatin offers easy access to Old Hickory Lake, where you can enjoy boating, fishing, and more. The city also sponsors several free community events throughout the year, like the Main Street Festival and Third Thursday on Main, which bring residents together for music, food, and fun.

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Methodology

All cities must have over 50,000 residents per the US Census and have an average rent price under the median rent price for the state – which is $1,374 per month according to Redfin data. Average rental data from Rent.com July 2024.

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