ZIP Code · TN

ZIP 37115

Part of Nashville, TN

Pop. 40,615·Davidson County·89th most expensive ZIP in Tennessee

Median rent (all units)

$1,529/mo

Year-over-Year

+0.9%

Month-over-Month

+0.7%

vs US Median

-$403

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 37115 · $1,529

More affordable than 71% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,410

1 BR

$1,480

2 BR

$1,620

3 BR

$2,070

4 BR+

$2,520

Research median

$1,620/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

July. Asking rents in ZIP 37115 usually run 0.7% below trend in July and 0.8% above it in March, about $23 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 37115 is 0.8% below its high of $1,541 in July 2025, at $1,529 as of September 2026.

Past year vs. the rest of Tennessee

Rent in ZIP 37115 changed +0.9% over the year to September 2026. Across the 127 Tennessee ZIP codes Zillow tracks, the typical change was +1.8%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 37115 rose 35.5% while median household income rose 18.3% ($46,123 to $54,566). Rent outpaced income.

Since before the pandemic

Rent in ZIP 37115 is 29% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 2 months in a row, and rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($54,566) is $1,364 a month. That is less than HUD's Fair Market Rent for a studio ($1,410).

Rank in Nashville

4th cheapest of 23 ZIP codes in Nashville.

From Zillow's monthly rent index (ZORI) for ZIP 37115. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,348/yr

At $1,529/mo median

Location

CityNashville

StateTN

CountyDavidson County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.9% YoY, +0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 37115 (Nashville, TN) is majority renter-occupied, has a median income below the national average, 25.6% of residents hold a bachelor's degree or higher.

Population

40,615

Median income

$54,566

Median age

38.4

Renters

56.7%

Age distribution

21.3%

23.6%

26.8%

14.2%

14.1%

Under 1821.3%

18–3423.6%

35–5426.8%

55–6414.2%

65+14.1%

Gender

49.1%

50.9%

Male49.1%

Female50.9%

Race & ethnicity

37.8%

31.8%

25.5%

White37.8%

Black31.8%

Hispanic25.5%

Asian1.8%

Other3.1%

Education (25+)

15.3%

33.1%

26%

25.6%

No HS diploma15.3%

HS diploma33.1%

Some college26%

Bachelor's+25.6%

Housing tenure

43.3%

56.7%

Owner43.3%

Renter56.7%

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

2021 vs 2026

How ZIP 37115 in Nashville, TN has changed in 5 years

Rent

$1,206 → $1,529

up 26.8%

Income

$52,448 → $54,566

up 4.0%

Population

41,274 → 40,615

down 1.6%

Renter share

56.2% → 56.7%

+0.5 pts

Bachelor's+

23% → 25.6%

+2.6 pts

Median age

36.7 → 38.4

+1.7 yrs

Across the past five years, the going rent in ZIP 37115 in Nashville, TN has shifted from $1,206 to $1,529, up 26.8% since 2021. Census figures show median household income at $54,566 today, compared with $52,448 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 37115 in Nashville, TN losing about 659 residents over the five-year window, down 1.6% on net. Bachelor's-degree-or-higher attainment moved from 23% to 25.6% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 37115

Last updated: October 17, 2026

ZIP code 37115 covers Nashville, TN. The median rent here is $1,529/mo as of October 2026. A 1-bedroom rents for a median of $1,480/mo. A 2-bedroom rents for a median of $1,620/mo.

At 34% of local median household income ($54,566/yr), ZIP 37115 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 ZIP 37115?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (about $29/hour full-time) to afford the median rent of $1,529/mo in ZIP 37115. The local median household income is $54,566/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 37115?

Rent in ZIP 37115 has risen 0.9% over the past year as of September 2026. It sits 0.8% below its high of $1,541 in July 2025.

When is the cheapest time to rent in ZIP 37115?

Asking rents in ZIP 37115 are usually lowest in July, about 0.7% below their yearly trend, and highest in March, about 0.8% above it. At today's median that is a gap of roughly $23 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 37115?

Yes. From 2019 to 2024, rent in ZIP 37115 rose 35.5% while median household income rose 18.3%, from $46,123 to $54,566. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 37115 compare to other ZIPs in Tennessee?

ZIP 37115 is in the middle among Tennessee ZIP codes for rent, ranking #89 of 147 at $1,529/mo. Over the year to September 2026, rent in ZIP 37115 changed +0.9%, against a typical +1.8% across the 127 Tennessee ZIP codes Zillow tracks.