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City Report · TN

Nashville

Pop. 690,130·19th most expensive in Tennessee·Rental market data updated monthly for Nashville, TN
Median rent (all units)
$1,820/mo
Year-over-Year
+0.9%
Month-over-Month
+0.4%
vs US Median
-$112
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
Nashville · $1,820
More affordable than 52% of US cities · National median $1,932/mo
Rent Reality Score
69/100
Good value
OverheatedFairGreat value

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

Actual rent
$1,820/mo
Expected by trend
$2,016/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
Fair Market Rent (HUD)
$1,977/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,820 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 →

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in Nashville usually run 1.1% below trend in January and 1.2% above it in July, about $42 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in Nashville is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of Tennessee

Rent in Nashville changed +0.9% over the year to September 2026. Across the 51 Tennessee cities Zillow tracks, the typical change was +2.0%.

Since before the pandemic

Rent in Nashville is 25.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 6 months in a row, and rose in 8 of the last 12 months.

Spread across ZIP codes

The priciest of 23 ZIP codes in Nashville, 37215 ($2,399/mo), costs 1.8 times the cheapest, 37217 ($1,334/mo).

Cheaper nearby

Ashland City, 19 miles away, rents for 11% less ($1,626/mo), about $2,300 a year in savings.

From Zillow's monthly rent index (ZORI) for Nashville. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series.

Annual cost
$21,840/yr
At $1,820/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.9% YoY, +0.4% 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
$1,493 → $1,820
up 21.9%
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 $1,493 a month. That figure now sits near $1,820, up 21.9% 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

Discussions about Nashville

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

Can you afford rent in Nashville on your salary?

At $1,820/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: October 17, 2026

The median rent in Nashville is $1,820/mo as of October 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 0.9% over the past year.

FAQ

Frequently asked questions

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 (about $35/hour full-time) to afford the median rent of $1,820/mo in Nashville.

Is rent going up or down in Nashville?

Rent in Nashville has risen 0.9% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

When is the cheapest time to rent in Nashville?

Asking rents in Nashville are usually lowest in January, about 1.1% below their yearly trend, and highest in July, about 1.2% above it. At today's median that is a gap of roughly $42 a month. This pattern comes from 11 years of Zillow rent data.

Which Nashville neighborhoods have the lowest rent?

The most affordable ZIP codes in Nashville are 37217 ($1,334/mo), 37211 ($1,432/mo), and 37076 ($1,449/mo). Citywide, the median rent is $1,820/mo.

How does Nashville rent compare to other cities in Tennessee?

Nashville is one of the pricier among Tennessee cities for rent, ranking #19 of 66 tracked cities at $1,820/mo. Over the year to September 2026, rent in Nashville changed +0.9%, against a typical +2.0% across the 51 Tennessee cities Zillow tracks.

Which nearby cities are cheaper to rent in than Nashville?

Nearby cities with lower median rent than Nashville ($1,820/mo) include Hendersonville ($1,651/mo), and Goodlettsville ($1,674/mo).
Income Affordability
30%
MODERATE

At $1,820/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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