Franklin and Brentwood now cost more to rent than Nashville itself

Jennifer HanJennifer Han··
Franklin and Brentwood now cost more to rent than Nashville itself

The typical rent in Franklin is about $2,132 a month, and in neighboring Brentwood it's $2,129. Both sit well above Nashville itself, where the typical unit runs $1,825. The suburbs have quietly passed the city they grew up around.

That's roughly $300 a month, or $3,600 a year, to rent in the suburb instead of downtown.

How the gap opened

Suburbs usually undercut the city at their center. Around Nashville the order flipped, and the reason is who moved where. Franklin households pull in a median income of about $119,528, and Brentwood is higher still at $182,088, against a metro that earns far less. When the people renting in a place earn six figures, rents follow them up.

Brentwood shows how fast it's moving. Rent there jumped 19.0% in the past year, the steepest climb of any city in the Tennessee market we track. Franklin rose 5.0% and Nashville only 2.8%, so the distance between suburb and city is still growing, not closing.

City

Typical rent

One-bedroom

Year-over-year

Median income

Franklin

$2,132

$2,243

+5.0%

$119,528

Brentwood

$2,129

$2,300

+19.0%

$182,088

Nashville

$1,825

$1,785

+2.8%

n/a

Murfreesboro

$1,687

$1,560

+2.1%

$80,108

What it means if you're renting here

The math no longer rewards the old move of trading a downtown address for a cheaper place in Franklin. A one-bedroom in Franklin costs $2,243, which is $458 more than the same size in Nashville at $1,785. You're paying a premium for the school districts and the space, not saving on rent.

Murfreesboro is where the savings actually sit now, at $1,687 typical and a $1,560 one-bedroom, roughly $450 under Franklin. It's a longer drive to downtown Nashville, and that drive is the real price difference in this market.

One caveat worth stating plainly. Franklin carries a Rent Reality Score of 58 and Nashville a 67, so Nashville's rent still tracks its own history reasonably well, while Brentwood's 37 flags rent that has run ahead of its trend. A number climbing 19% in a year tends to correct, so Brentwood renters signing today are buying near a local peak.

If you're weighing the wider metro, our Nashville rent data tracks every bedroom size month to month, and you can line up any two of these cities in the compare tool.

Sources

Frequently Asked Questions

Is Franklin more expensive than Nashville?

Yes. The typical rent in Franklin is about $2,132 a month versus $1,825 in Nashville, a gap of roughly $300. A one-bedroom runs $2,243 in Franklin and $1,785 in Nashville.

Why do Nashville's suburbs cost more than the city?

Income. Franklin households earn a median of about $119,528 and Brentwood $182,088, far above the metro average. High earners concentrated in those suburbs pull rents up with them.

Where is rent cheapest around Nashville?

Of the main suburbs, Murfreesboro is the most affordable at about $1,687 typical and $1,560 for a one-bedroom, roughly $450 a month under Franklin, in exchange for a longer commute.

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Jennifer Han
Written by
Jennifer Han
Editor In Chief

Jennifer Han is the editor in chief of RentDataNow, covering rent trends, housing costs, and more. She was a real-estate agent before she moved to writing about the market.

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Franklin and Brentwood now cost more to rent than Nashville itself | RentDataNow