Average Rent in Nashville, TN: $1,730/mo

About Rent Prices in Nashville, TN

Nashville has transformed from country music capital to hot destination for young professionals, driving significant rent increases. The city offers live music, Southern hospitality, and no state income tax. Rapid growth has strained housing supply, pushing rents higher across the metro.

The fair market rent (FMR) in Nashville, TN represents the 40th percentile of gross rents for standard quality rental housing. This data is published annually by the U.S. Department of Housing and Urban Development (HUD) and is used for various housing programs including Section 8 vouchers. As of 2026, the median rent for a 2-bedroom apartment is $1,730 per month.

Rent by Apartment Size in Nashville, TN

The Nashville Rental Market

Nashville's rental market is highly competitive with low vacancy rates. Tennessee has no rent control and no state income tax attracts relocators. New apartment construction has accelerated but hasn't kept pace with demand. Landlords typically require 2.5-3x monthly income. The market favors landlords with quick decisions often necessary.

Neighborhoods in Nashville

The Gulch, 12 South, and East Nashville command premium rents with walkability and character. Germantown and Midtown attract young professionals. Music Row area has character. More affordable neighborhoods include Antioch, Madison, and Hermitage. Surrounding counties like Franklin and Murfreesboro offer suburban alternatives.

Renter's Guide to Nashville

Nashville traffic has worsened significantly with growth. Public transit is limited. Most apartments include parking. The city's music scene means noise can be a factor in downtown neighborhoods. Air conditioning is essential in summer. Many newer complexes offer rooftop bars and amenities. Start searching 4-6 weeks before moving.

Cost of Living Considerations

Nashville benefits from no state income tax. Cost of living has risen significantly but remains lower than coastal cities. Car ownership is essential given limited transit. Utilities are moderate. The music scene offers free live performances. Growing food scene ranges from hot chicken to upscale dining.

Rental Market Trends in Nashville

Understanding recent trends helps renters time their apartment search effectively. The Nashville, TNrental market has been influenced by population migration patterns, remote work adoption, and local economic conditions. Seasonal variations typically show higher demand and prices in summer months when families prefer to move, while winter often brings more negotiating power for renters.

New apartment construction in Nashville affects supply and pricing dynamics. Areas experiencing significant development may see rent stabilization or decreases as more units come to market, while established neighborhoods with limited new construction tend to see steady price appreciation. Monitoring vacancy rates provides insight into market tightness - rates below 5% typically indicate a competitive market favoring landlords.

What Affects Rent Prices in Nashville?

• Location: Proximity to downtown, employment centers, and desirable neighborhoods significantly impacts rent. In Nashville, location can create 30-50% price variations.
• Building Quality: Newer buildings with modern amenities command premium rents. Expect to pay 15-25% more for properties built within the last 5 years.
• Transportation: Access to public transit or major highways affects desirability and rent prices. Properties within walking distance of transit often command 10-20% premiums.
• Local Economy: Job market strength and major employer presence drive rental demand. Nashville's primary employment sectors directly influence neighborhood pricing.
• Schools: Family-oriented renters pay premiums for quality school districts. Top-rated school zones can add 20-30% to comparable properties.
• Safety: Crime rates and neighborhood safety influence pricing significantly. Low-crime neighborhoods typically command meaningful premiums.
• Amenities: In-unit laundry, parking, pools, fitness centers, and other building amenities can add $100-300+ monthly to base rent.

Tips for Renting in Nashville