Average Rent in Nashville, TN
Nashville's rental market is cooling after years of explosive growth. Music City's entertainment, healthcare, and tech industries drive demand but new construction is adding supply and giving renters leverage.
-1.2%YoY
Studio
$1,350
1-Bedroom
$1,600
2-Bedroom
$1,900
3-Bedroom
$2,350
Market Overview
Year-over-Year Change-1.2%
Vacancy Rate7.5%
Renter Population44%
Median Income$59,828/yr
Rent-to-Income Ratio32.1%
Cost of Living Index101 (US avg: 100)
Market Condition
Strong Renter's Market
Rents are dropping and vacancy is high. Negotiate aggressively!
Tenant Protections
- Tennessee Uniform Residential Landlord Tenant Act
- No rent control (state preemption)
- Security deposit return within 30 days
- No limit on security deposit amount
Rent by Neighborhood in Nashville
The Gulch
Upscale dining, boutiques, and modern high-rise living.
Walk Score: 82Safety: 8/10
1-Bed
$2,100
2-Bed
$2,600
3-Bed
$3,200
East Nashville
Hip neighborhood with Five Points, restaurants, and live music.
Walk Score: 55Safety: 6/10
1-Bed
$1,600
2-Bed
$1,950
3-Bed
$2,400
12 South
Trendy strip with Draper James, murals, and brunch spots.
Walk Score: 60Safety: 8/10
1-Bed
$1,750
2-Bed
$2,150
3-Bed
$2,650
Germantown
Historic area near Bicentennial Mall with restaurants and farmers market.
Walk Score: 72Safety: 7/10
1-Bed
$1,800
2-Bed
$2,200
3-Bed
$2,700
Tips for Renting in Nashville
- 1No state income tax saves thousands per year
- 2Rents are declining from pandemic peaks - negotiate hard
- 3Broadway tourist area is noisy - avoid living directly on it
- 4New construction means many complexes offer 1-2 months free rent
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