Rent in Collierville, TN
Across Collierville's 2 ZIP codes, a 2-bedroom typically rents for about $1,489 a month, with figures from $1,300–$1,694. The highest typical rent is in 38017 ($1,677) and the lowest in 38027 ($1,300). Owner-occupied homes in Shelby County pay about 0.98% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,246 | $1,090–$1,401 | 2 |
| 1 bed | $1,331 | $1,190–$1,520 | 2 |
| 2 beds | $1,489 | $1,300–$1,694 | 2 |
| 3 beds | $1,855 | $1,717–$2,190 | 2 |
| 4 beds | $2,188 | $1,980–$2,530 | 2 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Collierville ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Collierville, TN?
- About $1,489 a month: the median of the typical rents in 2 ZIP codes, which range from $1,300–$1,694. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Collierville, TN?
- About $1,331 a month: the median of the typical rents in 2 ZIP codes, which range from $1,190–$1,520. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Collierville, TN?
- About $1,855 a month: the median of the typical rents in 2 ZIP codes, which range from $1,717–$2,190. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Collierville, TN?
- About $1,246 a month: the median of the typical rents in 2 ZIP codes, which range from $1,090–$1,401. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Collierville, TN?
- About $2,188 a month: the median of the typical rents in 2 ZIP codes, which range from $1,980–$2,530. Figures are gross rent (rent plus tenant-paid utilities).
- Which Collierville ZIP code has the highest rent?
- For a 2-bedroom, 38017 has the highest typical rent at $1,677 a month, and 38027 the lowest at $1,300.
- What is the property tax rate in Collierville, TN?
- Owner-occupied homes in Shelby County pay a typical 0.98% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Collierville rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).