$1,750 Per Month
- 2 Beds
- 2 Baths
- 1,470 Sq Ft
- Apartment for Rent
9281 Fletcher Trace Pkwy, Lakeland, TN 38002
9281 Fletcher Trace Pkwy, Lakeland, TN 38002
Frequently Asked Questions
How much does it cost to rent a home in Lakeland, TN?
The median rent for a home in Lakeland, TN is $2,600 per month, though prices vary by neighborhood, size, and property type. As of September 2026, townhouses tend to be the most affordable option while single-family homes and condos are currently more expensive.
How much do you need to make to afford rent in Lakeland, TN?
To comfortably afford the median rent in Lakeland, TN, a household needs to earn roughly $104,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,600 per month in Lakeland, TN, renters typically need to show $7,800 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Lakeland, TN?
In Lakeland, TN, the price-to-rent ratio is 15.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Lakeland, TN are best for renting a home?
The best neighborhood for renting in Lakeland, TN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Cordova, Gray's Creek, Raleigh, East Memphis and Berclair, each with its own character and price range.
