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ZIP Code · TN

ZIP 37203

Pop. 21,442·Davidson County·22nd most expensive ZIP in Tennessee
Median rent (all units)
$2,097/mo
Year-over-Year
-0.2%
Month-over-Month
+2.0%
vs US Median
+$132
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 37203 · $2,097
More expensive than 65% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,730
1 BR
$1,820
2 BR
$1,990
3 BR
$2,540
4 BR+
$3,100
Research median
$1,990/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
$25,164/yr
At $2,097/mo median
Location
StateTN
CountyDavidson County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (-0.2% YoY, +2.0% MoM), not inventory.
Demographics

Who lives here

ZIP 37203 (Nashville, TN) is majority renter-occupied, skews toward younger working-age adults, 70% of residents hold a bachelor's degree or higher.

Population
21,442
Median income
$71,281
Median age
30.4
Renters
80.7%
Age distribution
57.8%
20.4%
Under 185.5%
18–3457.8%
35–5420.4%
55–649.4%
65+6.9%
Gender
52%
48%
Male52%
Female48%
Race & ethnicity
66.3%
19.2%
White66.3%
Black19.2%
Hispanic7.3%
Asian5.7%
Other1.6%
Education (25+)
15.1%
70%
No HS diploma7.8%
HS diploma7.1%
Some college15.1%
Bachelor's+70%
Housing tenure
19.3%
80.7%
Owner19.3%
Renter80.7%

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

2021 vs 2026

How ZIP 37203 in Nashville, TN has changed in 5 years

Rent
$1,865 → $2,097
up 12.4%
Income
$59,406 → $71,281
up 20.0%
Population
18,100 → 21,442
up 18.5%
Renter share
80.5% → 80.7%
+0.2 pts
Bachelor's+
60.2% → 70%
+9.8 pts
Median age
31.5 → 30.4
-1.1 yrs

Rent in ZIP 37203 in Nashville, TN has climbed 12.4% since 2021, going from about $1,865 per month to roughly $2,097 today. Median household income grew from $59,406 to $71,281 between 2021 and 2024, a 20.0% shift. Income growth outran rent by about 7.6 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 18,100 to 21,442 between 2021 and 2024, a 18.5% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 60.2% to 70%. Taken together, the five-year picture in ZIP 37203 in Nashville, TN reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

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About renting in ZIP 37203

Last updated: July 20, 2026

ZIP code 37203 covers Nashville, TN. The median rent here is $2,097/mo as of July 2026. A 1-bedroom rents for a median of $1,820/mo. A 2-bedroom rents for a median of $1,990/mo.

At 35% of local median household income ($71,281/yr), ZIP 37203 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 0.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 37203?

As of July 20, 2026, the median monthly rent in ZIP 37203 (Nashville, TN) is $2,097. This is based on aggregated data from public sources and community submissions.

How does ZIP 37203 rent compare to the US average?

ZIP 37203's median rent of $2,097/mo is $132 (7%) above the US national median of $1,965/mo.

How does ZIP 37203 compare to other ZIPs in Tennessee?

ZIP 37203 is one of the pricier ZIP codes in Tennessee, ranking #22 out of 145 ZIPs tracked at $2,097/mo.

How much income do you need to rent in ZIP 37203?

To keep rent at or below 30% of gross income, you would need to earn at least $84,000/year (~$40/hour full-time) to afford the median rent of $2,097/mo in ZIP 37203. The local median household income is $71,281/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 37203?

Rent in ZIP 37203 has been relatively stable over the past year, with a 0.2% change year over year as of July 20, 2026.

Is ZIP 37203 an affordable place to rent?

ZIP 37203 is considered moderate for renters. At $2,097/mo, rent takes approximately 35% of the local median household income ($71,281/yr). The standard benchmark is 30%. ZIP 37203 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 37203 residents rent vs. own?

According to Census data, approximately 80.7% of ZIP 37203 households are renters, while 19.3% are owner-occupied. With a majority renter population, ZIP 37203 has a strong rental market.

How does ZIP 37203 compare to the rest of Nashville?

ZIP 37203 is pricier than Nashville as a whole. At $2,097/mo, it's $272 above the Nashville citywide median of $1,825/mo.

When was rent data for ZIP 37203 last updated?

Rent data for ZIP 37203 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
35%
MODERATE

At $2,097/mo, rent takes ~35% of ZIP 37203's median household income ($71,281/yr). The standard benchmark is 30%.

ZIP 37203 35%Benchmark 30%
State income taxNone
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Public schools near ZIP 37203 (Nashville, TN)

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