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Chattanooga has one of the highest apartment rental rates in Tennessee

A new apartment building at 728 Market Street is seen on Thursday, Sept. 7, 2017, in Chattanooga, Tenn. The nearly-completed building will house 125 residential units. A new apartment building at 728 Market Street is seen on Thursday, Sept. 7, 2017, in Chattanooga, Tenn. The nearly-completed building will house 125 residential units.

By Staff Report September 12, 2017 1 min read

Chattanooga’s median two-bedroom rent of $900 is 22.4 percent below the national average of $1,160. Over the past year, Chattanooga rental rates rose 2.7 percent, compared to a 3 percent nationwide increase. The cities with the highest average monthly rental rates for a two-bedroom apartment in Tennessee are:

1. Franklin – $1,270

2. Collierville – $1,010

3. Hendersonville – $1,170

4. Goodlettsville – $930

5. Nashville – $1,130

6. Murfreesboro – $1,090

7. Gallatin – $1,030

8. Knoxville – $920

9. Chattanooga – $900

10. Memphis – $830

Source: Apartment list