At $1,448/mo, rent takes about 28% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,448 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
30% of the median household income ($61,000) is $1,525 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,490); a 4-bedroom is $1,720.
From Zillow's monthly rent index (ZORI) for Nashville. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Nashville, NC is roughly split between renters and owners, has a large retiree population, has a median income below the national average, 16.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Nashville, NC has changed in 5 years
Census figures show median household income at $61,000 today, compared with $56,359 five years earlier. Headcount in the area went from 5,626 to 5,729 between 2021 and 2024, a 1.8% change. About 48% of households rent today, against 40.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 28.7% to 16.3%.
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Can you afford rent in Nashville on your salary?
At $1,448/mo, how Nashville rent compares to typical pay (30% rule).
Nashville rent by bedroom count
Median rent for each apartment size in Nashville. Click any size for full breakdown.
Tips for renters in Nashville
Last updated: October 17, 2026
The median rent in Nashville is $1,448/mo as of October 2026. A studio apartment averages $870/mo while a 2-bedroom runs $1,090/mo. One-bedroom apartments average $870/mo and 3-bedroom units go for $1,490/mo.
At 28% of local median household income ($61,000/yr), Nashville ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
How much income do you need to rent in Nashville?
Is rent going up or down in Nashville?
How does Nashville rent compare to other cities in North Carolina?
Which nearby cities are cheaper to rent in than Nashville?
At $1,448/mo, rent takes ~28% of Nashville's median household income ($61,000/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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