Gray, TN Rental Market Trends
Last updated: February 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Gray is $1,461, a 1.43% decrease compared to the previous year, when the average rent was $1,483.
Three-bedroom apartments deliver maximum space (1,404 sq ft) for $1,796, suitable for larger households.
Average rent in Gray, TN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,461 | 1,048 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | n/a | n/a |
| 2 Beds | n/a | n/a |
| 3 Beds | $1,796 | 1,404 sq. ft. |
Gray, TN rent trends
Rental prices in Gray, TN have decreased by 1.43% over the past year. The average rent moved from $1,483 to $1,461.
What's the typical rent budget in Gray, TN?
The largest share of rentals in Gray, TN (67%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Gray, TN?
184 or 28% of the households in Gray, TN are renter-occupied while 485 or 72% are owner-occupied.
How Gray Compares to Other Cities
| City | Average Rent |
|---|---|
| Gray | $1,461 |
| Memphis | $1,134 |
| Nashville | $1,825 |
| Knoxville | $1,732 |
| Clarksville | $1,275 |
| Murfreesboro | $1,572 |
| Chattanooga | $1,450 |
| Antioch | $1,465 |
| Gallatin | $1,559 |
| La Vergne | $1,726 |
| Madison | $1,425 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Gray apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.