Rental market snapshot for Lakeland, Tennessee

Lakeland, Tennessee Rental Property Market Overview

Lakeland, Tennessee is a small city located in Shelby County, just northeast of Memphis. According to the US Census, the population of Lakeland in 2021 was 13,805. The city is known for its small-town charm, with plenty of parks, trails, and outdoor activities to enjoy. Lakeland is also home to a variety of restaurants, shops, and businesses, making it a great place to live and work.

The average rent for an apartment in Lakeland is $1,897. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 0.09% over the past year.

Last Updated January 31, 2023

Average monthly rent graph in Lakeland Tennessee | Cost of Living

  • The most expensive ZIP Code in Lakeland is 38002 with an average price of $1,900
  • The cheapest ZIP Code in Lakeland is 38002 with an average price of $1,785

Lakeland ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
138002$1,900

Live near Lakeland, Tennessee's Top Sights and Attractions

City Hall Park is a beautiful green space located in the heart of the city. It features a large pond, walking trails, and plenty of benches and picnic tables for visitors to enjoy. The park is also home to a variety of wildlife, including ducks, geese, and other birds. There are also several statues and monuments located throughout the park, making it a great place to take a stroll and admire the scenery.

International Harvester Managerial Park is a unique outdoor attraction located in a rural area of Tennessee. It features a variety of activities for visitors to enjoy, including a walking trail, a playground, and a picnic area. The park also has a large pond with a fountain, a gazebo, and a pavilion. Visitors can also take part in a variety of educational programs and activities, such as bird watching, fishing, and nature walks. The park is a great place to relax and enjoy the outdoors, and it is a popular destination for families and groups.

Windward Slopes Park is a beautiful outdoor attraction located in the rolling hills of Tennessee. It features a large lake surrounded by lush green trees, providing a peaceful and serene atmosphere. Visitors can enjoy a variety of activities such as fishing, boating, swimming, and picnicking. There are also several trails for hiking and biking, as well as a playground for children. The park also offers stunning views of the surrounding countryside and is a great place to relax and take in the beauty of nature.

Oakridge Park is a beautiful outdoor recreation area located in Lakeland, Tennessee. It features a variety of activities for visitors to enjoy, including a large lake, walking trails, picnic areas, playgrounds, and a disc golf course. The park also has a pavilion, which is available to rent for special events. The park is a great place to spend a day outdoors, with plenty of room to explore and relax.

Zadie E Kuehl Park is a beautiful park located in a small town in Tennessee. It features a large lake, walking trails, picnic areas, and a playground. The park also has a variety of wildlife, including ducks, geese, and other birds. Visitors can also enjoy fishing, canoeing, and kayaking in the lake. The park is a great place to relax and enjoy the outdoors.

Paintball Park is an outdoor recreational facility located in the hills of Tennessee. It features a variety of paintball fields, including woodsball, speedball, and airball fields, as well as a pro shop and snack bar. The facility also offers a variety of paintball packages, including private group packages, corporate events, and birthday parties. Paintball Park is the perfect place for a day of fun and excitement with friends and family.

Plantation Hills Park is a beautiful outdoor recreation area located in the rolling hills of Tennessee. It features a variety of activities, including a playground, picnic areas, walking trails, and a fishing pond. The park also has a large open field, perfect for playing sports or having a picnic. The park is surrounded by lush greenery and is a great place to relax and enjoy nature.

Ih Managerial Park is a beautiful outdoor space located in Lakeland, Tennessee. It features a large lake, walking trails, picnic areas, and a playground. There is also a pavilion with a stage for outdoor concerts and events. The park is a great place to spend a day outdoors, enjoying the natural beauty of the area.

Cool Springs Park is a beautiful outdoor area located in Lakeland, Tennessee. It features a large lake, walking trails, and plenty of open space for picnics and outdoor activities. The park also has a playground, a disc golf course, and a fishing pier. In addition, there are several pavilions and shelters available for rent, making it a great spot for family gatherings and special events.

City Park is a large outdoor recreational area located in Lakeland, Tennessee. It features a variety of amenities, including a large lake, walking trails, picnic areas, playgrounds, and a disc golf course. The park also has a variety of sports fields, including baseball, softball, and soccer fields. There are also several pavilions available for rent, making it a great spot for family gatherings and special events.

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Lakeland, Tennessee area median rent change by ZIP Code map

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How does Lakeland compare to other cities in Tennessee ?

citymedian price
Chattanooga$2,270
Thompson's Station$2,020
Nashville$2,060
Murfreesboro$1,985
Gallatin$1,794
Lavergne$1,730

Average household income in Lakeland area graph - US Census

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The median household income in Lakeland in 2021 was $106,211. This represents a 25.2% change from 2011 when the median was $84,851.

#categorypercent
0Less than $10,0001.7%
1$10,000 to $14,9990.4%
2$15,000 to $19,9994.4%
3$20,000 to $24,9992.4%
4$25,000 to $29,9991.5%
5$30,000 to $34,9994.8%
6$35,000 to $39,9991.2%
7$40,000 to $44,9991.0%
8$45,000 to $49,9991.3%
9$50,000 to $59,9994.8%
10$60,000 to $74,9999.5%
11$75,000 to $99,99913.6%
12$100,000 to $124,99914.5%
13$125,000 to $149,99911.3%
14$150,000 to $199,99912.6%
15$200,000 or more15.1%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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