ZIP Code · TN

ZIP 37206

Part of Nashville, TN

Pop. 28,545·Davidson County·9th most expensive ZIP in Tennessee

Median rent (all units)

$2,213/mo

Year-over-Year

+3.2%

Month-over-Month

+0.6%

vs US Median

+$281

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 37206 · $2,213

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

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,600

1 BR

$1,680

2 BR

$1,840

3 BR

$2,350

4 BR+

$2,870

Research median

$1,840/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

January. Asking rents in ZIP 37206 usually run 1% below trend in January and 1% above it in August, about $44 a month apart at today's median. Based on 9 years of data.

Compared with the peak

Rent in ZIP 37206 is at its highest level since Zillow's records here began in March 2017.

Past year vs. the rest of Tennessee

Rent in ZIP 37206 changed +3.2% 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 37206 rose 32.3% while median household income rose 62.4% ($59,203 to $96,169). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 37206 is 37.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 9 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($96,169) is $2,404 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,350); a 4-bedroom is $2,870.

Rank in Nashville

19th cheapest of 23 ZIP codes in Nashville.

Cheaper nearby

ZIP 37210, 2 miles away, rents for 16% less ($1,866/mo), about $4,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 37206. 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

$26,556/yr

At $2,213/mo median

Location

CityNashville

StateTN

CountyDavidson County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.2% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 37206 (Nashville, TN) is roughly split between renters and owners, has a median income above the national average, 62.8% of residents hold a bachelor's degree or higher.

Population

28,545

Median income

$96,169

Median age

Renters

49.8%

Age distribution

23.2%

29.8%

32%

Under 1823.2%

18–3429.8%

35–5432%

55–647.6%

65+7.4%

Gender

50.8%

49.2%

Male50.8%

Female49.2%

Race & ethnicity

62.4%

25%

White62.4%

Black25%

Hispanic5.6%

Asian1.3%

Other5.6%

Education (25+)

14.1%

17.8%

62.8%

No HS diploma5.3%

HS diploma14.1%

Some college17.8%

Bachelor's+62.8%

Housing tenure

50.2%

49.8%

Owner50.2%

Renter49.8%

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

2021 vs 2026

How ZIP 37206 in Nashville, TN has changed in 5 years

Rent

$1,682 → $2,213

up 31.6%

Income

$72,446 → $96,169

up 32.7%

Population

28,694 → 28,545

down 0.5%

Renter share

50% → 49.8%

-0.2 pts

Bachelor's+

53.3% → 62.8%

+9.5 pts

Median age

33.2 → 34

+0.8 yrs

Five years ago, renters in ZIP 37206 in Nashville, TN paid around $1,682 a month. That figure now sits near $2,213, up 31.6% from the 2021 baseline. On the earnings side, the typical household in ZIP 37206 in Nashville, TN now reports about $96,169, up from $72,446 in 2021. Bachelor's-degree-or-higher attainment moved from 53.3% to 62.8% across the same window. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 37206 in Nashville, TN reflects that arc in its own way.

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About renting in ZIP 37206

Last updated: October 17, 2026

ZIP code 37206 covers Nashville, TN. The median rent here is $2,213/mo as of October 2026. A 1-bedroom rents for a median of $1,680/mo. A 2-bedroom rents for a median of $1,840/mo.

At 28% of local median household income ($96,169/yr), ZIP 37206 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 37206?

To keep rent at or below 30% of gross income, you would need to earn at least $89,000/year (about $43/hour full-time) to afford the median rent of $2,213/mo in ZIP 37206. The local median household income is $96,169/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 37206?

Rent in ZIP 37206 has risen 3.2% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2017.

When is the cheapest time to rent in ZIP 37206?

Asking rents in ZIP 37206 are usually lowest in January, about 1% below their yearly trend, and highest in August, about 1% above it. At today's median that is a gap of roughly $44 a month. This pattern comes from 9 years of Zillow rent data.

Has rent outpaced income in ZIP 37206?

No. From 2019 to 2024, rent in ZIP 37206 rose 32.3% while median household income rose 62.4%, from $59,203 to $96,169. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 37206 compare to other ZIPs in Tennessee?

ZIP 37206 is one of the pricier among Tennessee ZIP codes for rent, ranking #9 of 147 at $2,213/mo. Over the year to September 2026, rent in ZIP 37206 changed +3.2%, against a typical +1.8% across the 127 Tennessee ZIP codes Zillow tracks.