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City Report · TN

Nashville

Pop. 690,130·17th most expensive in Tennessee·Rental market data updated monthly for Nashville, TN
Median rent (all units)
$1,825/mo
Year-over-Year
+2.8%
Month-over-Month
+0.8%
vs US Median
-$140
Rising (Monthly)
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Most AffordableMost Expensive
Nashville · $1,825
More affordable than 52% of US cities · National median $1,965/mo
Rent Reality Score
67/100
Good value
OverheatedFairGreat value

Rents are 9% below what Nashville's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,825/mo
Expected by trend
$1,994/mo
The Rent Reality Score compares today's median rent to where Nashville's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,718
1 BR
$1,785
2 BR
$1,977
3 BR
$2,498
4 BR+
$3,073
Research median
$1,977/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$21,900/yr
At $1,825/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.8% YoY, +0.8% MoM), not inventory.
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Demographics

Who lives here

Nashville, TN is roughly split between renters and owners, skews toward younger working-age adults, 48% of residents hold a bachelor's degree or higher.

Population
690,130
Median age
34.5
Renters
47.6%
Age distribution
20.7%
30.2%
25.7%
12.7%
Under 1820.7%
18–3430.2%
35–5425.7%
55–6410.7%
65+12.7%
Gender
48.5%
51.5%
Male48.5%
Female51.5%
Race & ethnicity
54.6%
24.9%
14.1%
White54.6%
Black24.9%
Hispanic14.1%
Asian3.5%
Other2.8%
Education (25+)
20%
22.7%
48%
No HS diploma9.2%
HS diploma20%
Some college22.7%
Bachelor's+48%
Housing tenure
52.4%
47.6%
Owner52.4%
Renter47.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Nashville, TN has changed in 5 years

Rent
$1,483 → $1,825
up 23.1%
Population
682,646 → 690,130
up 1.1%
Renter share
45.9% → 47.6%
+1.7 pts
Bachelor's+
43.9% → 48%
+4.1 pts

Five years ago, renters in Nashville, TN paid around $1,483 a month. That figure now sits near $1,825, up 23.1% from the 2021 baseline. Census counts show Nashville, TN adding about 7,484 residents over the five-year window, up 1.1% on net. The renter share has risen from 45.9% to 47.6%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 43.9% to 48% across the same window. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Nashville, TN reflects that arc in its own way.

Community

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View Nashville rent history (2015–2026) →
Salary vs rent

Can you afford rent in Nashville on your salary?

At $1,825/mo, how Nashville rent compares to typical pay (30% rule).

By apartment size

Nashville rent by bedroom count

Median rent for each apartment size in Nashville. Click any size for full breakdown.

Local insights

Tips for renters in Nashville

About renting in Nashville, TN

Last updated: July 20, 2026

The median rent in Nashville is $1,825/mo as of July 2026. A studio apartment averages $1,718/mo while a 2-bedroom runs $1,977/mo. One-bedroom apartments average $1,785/mo and 3-bedroom units go for $2,498/mo.

At 30% of estimated US median household income ($72,000/yr), Nashville ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.8% over the past year.

FAQ

Frequently asked questions

Is Nashville an affordable city for renters?

Nashville is considered moderate for renters. At $1,825/mo, rent takes approximately 30% of the US median household income ($72,000/yr). The standard benchmark is 30%. Nashville slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Nashville?

To keep rent at or below 30% of gross income, you would need to earn at least $73,000/year (~$35/hour full-time) to afford the median rent of $1,825/mo in Nashville.

Is rent going up or down in Nashville?

Rent in Nashville has increased 2.8% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Nashville neighborhoods have the lowest rent?

The most affordable ZIP codes in Nashville are 37217 ($1,393/mo), 37076 ($1,468/mo), and 37211 ($1,479/mo). Citywide, the median rent in Nashville is $1,825/mo.

How does Nashville rent compare to other cities in Tennessee?

Nashville is one of the pricier cities in Tennessee for rent, ranking #17 out of 65 tracked cities at $1,825/mo.

Which nearby cities are cheaper to rent in than Nashville?

Several nearby cities have lower median rents than Nashville ($1,825/mo): Goodlettsville ($1,648/mo), Hendersonville ($1,678/mo).

What percentage of Nashville residents rent vs. own?

According to Census data, approximately 47.6% of Nashville households are renters, while 52.4% are owner-occupied. Nashville leans toward homeownership, which can mean a smaller rental inventory.

How does Nashville rent compare to the national average?

Nashville's median rent of $1,825/mo is $140 (7%) below the US national median of $1,965/mo. Within Tennessee, it ranks #17 out of 65 tracked cities.
Income Affordability
30%
MODERATE

At $1,825/mo, rent takes ~30% of US median household income ($72,000/yr). The standard benchmark is 30%.

Nashville 30%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Nashville, TN

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