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Average Rent in Nashville, TN

Nashville's rental market is cooling after years of growth. Heavy construction has pushed vacancy rates up, and rents have started to decline. No state income tax adds to the affordability equation.

-0.5%YoY
Studio
$1,250
1-Bedroom
$1,550
2-Bedroom
$1,900
3-Bedroom
$2,350

Market Overview

Year-over-Year Change-0.5%
Vacancy Rate8%
Renter Population48%
Median Income$59,828/yr
Rent-to-Income Ratio31.1%
Cost of Living Index101 (US avg: 100)

Market Condition

Renter-Friendly

Market conditions favor renters. Good time to negotiate.

Tenant Protections

  • Uniform Residential Landlord and Tenant Act
  • Security deposit return within 30 days
  • Right to essential services
  • 14-day notice for lease violations

HUD Fair Market Rent (2025)

Fair Market Rent (FMR) is set by the U.S. Department of Housing and Urban Development for the Nashville-Davidson-Murfreesboro-Franklin, TN metro area.

Studio
$978
1-Bed
$1,148
2-Bed
$1,365
3-Bed
$1,778
4-Bed
$2,025

Rent by Neighborhood in Nashville

The Gulch

Trendy district with upscale dining, boutiques, and walkable streets.

Walk Score: 80Safety: 8/10
1-Bed
$2,000
2-Bed
$2,500
3-Bed
$3,100

East Nashville

Hipster haven with coffee shops, live music venues, and craft breweries.

Walk Score: 55Safety: 6/10
1-Bed
$1,500
2-Bed
$1,900
3-Bed
$2,300

Germantown

Historic neighborhood with farm-to-table restaurants and Bicentennial Park.

Walk Score: 72Safety: 7/10
1-Bed
$1,800
2-Bed
$2,200
3-Bed
$2,800

12 South

Trendy strip with boutiques, murals, and the iconic I Believe in Nashville sign.

Walk Score: 55Safety: 8/10
1-Bed
$1,700
2-Bed
$2,100
3-Bed
$2,600

Antioch

Most affordable area with diverse community and improving infrastructure.

Walk Score: 20Safety: 5/10
1-Bed
$1,100
2-Bed
$1,400
3-Bed
$1,700

Buildings in Nashville

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The Gulch Lofts

The Gulch
3.5
100 units
$1,800
1-bed avg

East Nashville Cottage Court

East Nashville
4.3
14 units
$1,200
1-bed avg

Germantown Square

Germantown
3.7
70 units
$1,600
1-bed avg

Evergreen Nashville

East Nashville
4.2
35 units
$1,050
1-bed avg

Tips for Renting in Nashville

  • 1Nashville is now a renter's market - negotiate aggressively for concessions
  • 2No state income tax means more money for rent/savings
  • 3Summer flood season can impact certain areas - verify flood risk
  • 4Many new luxury complexes offer first month free or reduced deposits

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Compare Other Cities

New York City
$3,450
1-bed avg
Los Angeles
$2,350
1-bed avg
Chicago
$1,750
1-bed avg
Houston
$1,200
1-bed avg

FareRent provides data for informational purposes only and does not constitute financial, legal, or real estate advice. Rent estimates are based on available market data and may not reflect your exact situation. Always verify independently before making housing decisions.