What makes a Tennessee rent-to-own market 'cheap'?

Low estimated monthly payment relative to local incomes. Sub-$1,500/month markets are the most accessible.

Are option fees included?

We assume 10% option fee credited toward purchase; the monthly payment estimate excludes that up-front amount.

Does this guarantee a home at this price?

No. Listings vary; this is a market-level estimate to compare cities side-by-side.

Buyer authority TN

Cheapest rent-to-own markets in Tennessee.

Rent-to-own works best where monthly carrying costs are reachable on a typical household income. This ranks Tennessee by estimated monthly payment on a median-priced home with a 10% option fee.

Last updated November 2026

Tennessee ranking

50 cities ranked. Click any row for the matching local page.

#	City	Est. monthly payment	Score
1	Newport	$1,508/mo	80	View →
2	La Follette	$1,492/mo	80	View →
3	Mountain City	$1,484/mo	80	View →
4	Jamestown	$1,484/mo	80	View →
5	Tazewell	$1,508/mo	80	View →
6	Maynardville	$1,516/mo	80	View →
7	Monterey	$1,516/mo	80	View →
8	Bolivar	$1,532/mo	79	View →
9	Trenton	$1,540/mo	79	View →
10	Rutledge	$1,548/mo	79	View →
11	Sparta	$1,580/mo	78	View →
12	Ripley	$1,556/mo	78	View →
13	Madisonville	$1,580/mo	78	View →
14	Lafayette	$1,572/mo	78	View →
15	Erwin	$1,564/mo	78	View →
16	Rockwood	$1,572/mo	78	View →
17	Camden	$1,572/mo	78	View →
18	Hohenwald	$1,572/mo	78	View →
19	Pikeville	$1,564/mo	78	View →
20	Selmer	$1,556/mo	78	View →
21	Huntingdon	$1,564/mo	78	View →
22	Mount Pleasant	$1,580/mo	78	View →
23	Chuckey	$1,580/mo	78	View →
24	Rogersville	$1,596/mo	77	View →
25	Dayton	$1,588/mo	77	View →
26	Pulaski	$1,588/mo	77	View →
27	Savannah	$1,612/mo	77	View →
28	Brownsville	$1,588/mo	77	View →
29	Milan	$1,612/mo	77	View →
30	Mc Kenzie	$1,604/mo	77	View →
31	Livingston	$1,620/mo	77	View →
32	Jacksboro	$1,604/mo	77	View →
33	Woodbury	$1,604/mo	77	View →
34	Westmoreland	$1,612/mo	77	View →
35	New Tazewell	$1,604/mo	77	View →
36	Tellico Plains	$1,604/mo	77	View →
37	Etowah	$1,596/mo	77	View →
38	Lewisburg	$1,636/mo	76	View →
39	Paris	$1,644/mo	76	View →
40	Martin	$1,636/mo	76	View →
41	Lawrenceburg	$1,692/mo	75	View →
42	Covington	$1,692/mo	75	View →
43	Church Hill	$1,692/mo	75	View →
44	Jefferson City	$1,692/mo	75	View →
45	Whitwell	$1,676/mo	75	View →
46	Oliver Springs	$1,692/mo	75	View →
47	Elizabethton	$1,724/mo	74	View →
48	Lexington	$1,724/mo	74	View →
49	Harriman	$1,724/mo	74	View →
50	Dandridge	$1,708/mo	74	View →

Methodology

Estimated monthly payment = (median home price × 0.9) amortized at 8% over 30 years + 1.2% taxes + 0.5% insurance, divided by 12. Lower payment = better rent-to-own market.

FAQ

What makes a Tennessee rent-to-own market 'cheap'?: Low estimated monthly payment relative to local incomes. Sub-$1,500/month markets are the most accessible.
Are option fees included?: We assume 10% option fee credited toward purchase; the monthly payment estimate excludes that up-front amount.
Does this guarantee a home at this price?: No. Listings vary; this is a market-level estimate to compare cities side-by-side.