States › Tennessee › Lenoir City

Is Lenoir City, TN expensive to live in?

CheapRent takes 16 cents of every $1 people earn here.
🏠 Rent per month (2026)$98144% lower than U.S. average
💵 Families earn per year (2026)$72,539about $6,045/month · 17% lower than U.S. average
🔑 House price$252,40024% lower than U.S. average

Rent is lower than in 89% of U.S. cities. A typical house costs about 3.5 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $39,240 a year. That is $19 an hour at a full-time job.

Is rent cheaper than other Tennessee cities?

Yes. Rent here is cheaper than in most of Tennessee. It is number 25 of 114 cities from cheapest to most expensive.

Lenoir City
$981
Union City
$677
Millington
$1,443
Martin
$1,037
Collegedale
$2,309
Lawrenceburg
$443
Atoka
$1,353

How much do households earn in Lenoir City?

Under $25k
23.5%
$25k–50k
15.7%
$50k–100k
37.4%
$100k–150k
14.1%
$150k+
5.8%

Share of households by yearly income. 19.8% of households earn $100,000 or more.

Rent by apartment size in Lenoir City

SizeLenoir CityU.S. average
1 bedroom$558$1,324
2 bedrooms$1,112$1,509
3 bedrooms$1,205$1,698
4 bedrooms$1,378$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Lenoir City overall?

Everyday prices in Tennessee overall are 8% below the U.S. average (index 91.9, U.S. = 100).

Housing
79
Goods (food, clothes…)
96
Utilities
72
Other services
95
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Lenoir City, so the Tennessee figure is shown.

Taxes and bills in Lenoir City

🏛️ Property tax$1,074a year · 0.43% of home value · U.S. $3,119
⚡ Electric bill$209a month (typical) · U.S. $156

Life in Lenoir City

Commute to work21.5 minU.S.: 26.4 min
College degree19.3%U.S.: 35.7%
Own their home63.7%U.S.: 65.2%
Below poverty line17%U.S.: 12.5%
Unemployment5.1%U.S.: 5.2%

Is it cheaper to rent or buy in Lenoir City?

Renting is cheaper right now: about $770 a month less.

Renting
$981
Owning
$1,751

Owning assumes a typical $252,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $25,240 for the down payment.

Frequently asked questions

What is the average rent in Lenoir City, TN?

Renting in Lenoir City costs a median of about $981 a month in 2026, including utilities. The Tennessee median is $1,279.

How much do I need to make to live in Lenoir City?

To keep rent under 30% of income, you need about $39,240 a year, or $19 an hour at a full-time job.

Is Lenoir City cheap or expensive?

Lenoir City is rated Cheap: rent takes 16.2% of the typical household income of $72,539. It ranks 25th cheapest of 114 Tennessee cities we track.

How much are property taxes in Lenoir City?

The median homeowner in Lenoir City pays $1,074 a year in property taxes, about 0.43% of the median home value.

Is Lenoir City more expensive than the national average?

Overall prices in Tennessee are 8% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Lenoir City?

The median home value in Lenoir City is $252,400, about 3.5 times the typical yearly household income.

11,110 people live in Lenoir City. Numbers are typical (middle) values.