ZIP 37204
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12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in ZIP 37204 usually run 2% below trend in February and 2% above it in August, about $72 a month apart at today's median. Based on 8 years of data.
Rent in ZIP 37204 is 2.2% below its high of $1,841 in March 2023, at $1,801 as of September 2026.
Rent in ZIP 37204 changed +2.2% over the year to September 2026. Across the 127 Tennessee ZIP codes Zillow tracks, the typical change was +1.8%.
From 2019 to 2024, rent in ZIP 37204 rose 24.1% while median household income rose 25.5% ($87,292 to $109,580). Income kept ahead of rent.
Rent in ZIP 37204 is 20.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 4 months in a row, and rose in 6 of the last 12 months.
30% of the median household income ($109,580) is $2,740 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,280); a 3-bedroom is $2,910.
8th cheapest of 23 ZIP codes in Nashville.
ZIP 37211, 4 miles away, rents for 20% less ($1,432/mo), about $4,400 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 37204. 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.
Who lives here
ZIP 37204 (Nashville, TN) is majority owner-occupied, skews toward younger working-age adults, has a median income above the national average, 77.2% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 37204 in Nashville, TN has changed in 5 years
Five years ago, renters in ZIP 37204 in Nashville, TN paid around $1,480 a month. That figure now sits near $1,801, up 21.7% from the 2021 baseline. Local incomes tracked alongside that move, going from a median of $97,727 in 2021 to $109,580 more recently. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 37204 in Nashville, TN losing about 578 residents over the five-year window, down 3.4% on net. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 37204 in Nashville, TN market of 2021.
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Tips for renters in ZIP 37204
Last updated: October 17, 2026
ZIP code 37204 covers Nashville, TN. The median rent here is $1,801/mo as of October 2026. A 1-bedroom rents for a median of $1,501/mo. A 2-bedroom rents for a median of $1,645/mo.
At 20% of local median household income ($109,580/yr), ZIP 37204 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.2% over the past year.
Frequently asked questions
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How does ZIP 37204 compare to the rest of Nashville?
At $1,801/mo, rent takes ~20% of ZIP 37204's median household income ($109,580/yr). The standard benchmark is 30%.
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