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 September 2026

Tennessee ranking

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

#	City	Est. monthly payment	Score
1	Brentwood	$4,034/mo	8	View →
2	Germantown	$3,938/mo	10	View →
3	Franklin	$3,593/mo	20	View →
4	Collierville	$3,585/mo	20	View →
5	Arlington	$3,377/mo	26	View →
6	Signal Mountain	$3,401/mo	26	View →
7	Ooltewah	$3,128/mo	33	View →
8	Nolensville	$3,128/mo	33	View →
9	Hendersonville	$3,112/mo	34	View →
10	Mount Juliet	$3,072/mo	35	View →
11	Cordova	$2,992/mo	37	View →
12	Thompsons Station	$2,976/mo	38	View →
13	Spring Hill	$2,863/mo	41	View →
14	Nashville	$2,751/mo	44	View →
15	Atoka	$2,767/mo	44	View →
16	Oak Ridge	$2,703/mo	46	View →
17	Murfreesboro	$2,671/mo	47	View →
18	Hixson	$2,639/mo	47	View →
19	Oakland	$2,599/mo	49	View →
20	Smyrna	$2,534/mo	50	View →
21	Gallatin	$2,518/mo	51	View →
22	Soddy Daisy	$2,518/mo	51	View →
23	Knoxville	$2,494/mo	52	View →
24	Lebanon	$2,454/mo	53	View →
25	Lenoir City	$2,462/mo	53	View →
26	Powell	$2,398/mo	54	View →
27	Old Hickory	$2,406/mo	54	View →
28	Harrison	$2,414/mo	54	View →
29	La Vergne	$2,358/mo	55	View →
30	Goodlettsville	$2,374/mo	55	View →
31	Jonesborough	$2,358/mo	55	View →
32	Greenbrier	$2,366/mo	55	View →
33	Hermitage	$2,326/mo	56	View →
34	Millington	$2,350/mo	56	View →
35	Memphis	$2,318/mo	57	View →
36	Clarksville	$2,310/mo	57	View →
37	White House	$2,318/mo	57	View →
38	Fairview	$2,246/mo	59	View →
39	Johnson City	$2,198/mo	60	View →
40	Loudon	$2,206/mo	60	View →
41	Brighton	$2,214/mo	60	View →
42	Munford	$2,214/mo	60	View →
43	Joelton	$2,198/mo	60	View →
44	Antioch	$2,166/mo	61	View →
45	Maryville	$2,150/mo	61	View →
46	Seymour	$2,141/mo	62	View →
47	Blountville	$2,117/mo	62	View →
48	Kingston	$2,093/mo	63	View →
49	Jackson	$2,061/mo	64	View →
50	Springfield	$2,069/mo	64	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.