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ZIP Code · TN

ZIP 37115

Pop. 40,615·Davidson County·93rd most expensive ZIP in Tennessee
Median rent (all units)
$1,526/mo
Year-over-Year
-4.3%
Month-over-Month
-4.6%
vs US Median
-$439
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 37115 · $1,526
More affordable than 72% of US ZIP codes · National median $1,965/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: July 20, 2026

Annual cost
$18,312/yr
At $1,526/mo median
Location
StateTN
CountyDavidson County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 4.3% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-4.3% YoY, -4.6% 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
$1,254 → $1,526
up 21.7%
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 $1,254 to $1,526, up 21.7% 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

Tips for renters in ZIP 37115

About renting in ZIP 37115

Last updated: July 20, 2026

ZIP code 37115 covers Nashville, TN. The median rent here is $1,526/mo as of July 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 decreased 4.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 37115?

As of July 20, 2026, the median monthly rent in ZIP 37115 (Nashville, TN) is $1,526. This is based on aggregated data from public sources and community submissions.

How does ZIP 37115 rent compare to the US average?

ZIP 37115's median rent of $1,526/mo is $439 (22%) below the US national median of $1,965/mo.

How does ZIP 37115 compare to other ZIPs in Tennessee?

ZIP 37115 falls in the middle range for Tennessee, ranking #93 out of 145 ZIPs at $1,526/mo.

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 (~$29/hour full-time) to afford the median rent of $1,526/mo in ZIP 37115. The local median household income is $54,566/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 37115?

Rent in ZIP 37115 has decreased 4.3% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 37115 an affordable place to rent?

ZIP 37115 is considered moderate for renters. At $1,526/mo, rent takes approximately 34% of the local median household income ($54,566/yr). The standard benchmark is 30%. ZIP 37115 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 37115 residents rent vs. own?

According to Census data, approximately 56.7% of ZIP 37115 households are renters, while 43.3% are owner-occupied. With a majority renter population, ZIP 37115 has a strong rental market.

How does ZIP 37115 compare to the rest of Nashville?

ZIP 37115 is more affordable than Nashville overall. At $1,526/mo, it's $299 below the Nashville citywide median of $1,825/mo.

When was rent data for ZIP 37115 last updated?

Rent data for ZIP 37115 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
34%
MODERATE

At $1,526/mo, rent takes ~34% of ZIP 37115's median household income ($54,566/yr). The standard benchmark is 30%.

ZIP 37115 34%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 37115 (Nashville, TN)

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