ZIP Code · TN

ZIP 37208

Pop. 20,889·Davidson County·13th most expensive ZIP in Tennessee
Median rent (all units)
$2,159/mo
Year-over-Year
+0.6%
Month-over-Month
Stable
vs US Median
+$227
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 37208 · $2,159
More expensive than 69% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,640
1 BR
$1,720
2 BR
$1,880
3 BR
$2,400
4 BR+
$2,930
Research median
$1,880/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 37208 usually run 1.2% below trend in January and 1.2% above it in August, about $52 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 37208 is 0.4% below its high of $2,168 in January 2026, at $2,159 as of September 2026.

Past year vs. the rest of Tennessee

Rent in ZIP 37208 changed +0.6% 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 37208 rose 30.8% while median household income rose 64% ($39,964 to $65,556). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 37208 is 26.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($65,556) is $1,639 a month. That is less than HUD's Fair Market Rent for a studio ($1,640).

Rank in Nashville

17th cheapest of 23 ZIP codes in Nashville.

Cheaper nearby

ZIP 37228, 1 mile away, rents for 14% less ($1,852/mo), about $3,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 37208. 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
$25,908/yr
At $2,159/mo median
Location
StateTN
CountyDavidson County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.6% YoY, +0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 37208 (Nashville, TN) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 53.5% of residents hold a bachelor's degree or higher.

Population
20,889
Median income
$65,556
Median age
30.7
Renters
67%
Age distribution
12.1%
50.7%
19.6%
Under 1812.1%
18–3450.7%
35–5419.6%
55–648.2%
65+9.3%
Gender
46.4%
53.6%
Male46.4%
Female53.6%
Race & ethnicity
40.4%
52.3%
White40.4%
Black52.3%
Hispanic4%
Asian0.8%
Other2.4%
Education (25+)
19.7%
17.4%
53.5%
No HS diploma9.4%
HS diploma19.7%
Some college17.4%
Bachelor's+53.5%
Housing tenure
33%
67%
Owner33%
Renter67%

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

2021 vs 2026

How ZIP 37208 in Nashville, TN has changed in 5 years

Rent
$1,686 → $2,159
up 28.1%
Income
$54,296 → $65,556
up 20.7%
Population
19,546 → 20,889
up 6.9%
Renter share
67.8% → 67%
-0.8 pts
Bachelor's+
42.7% → 53.5%
+10.8 pts

Compared with 2021, rent in ZIP 37208 in Nashville, TN has climbed by $473 per month, settling near $2,159 after starting the period at $1,686. On the earnings side, the typical household in ZIP 37208 in Nashville, TN now reports about $65,556, up from $54,296 in 2021. Rent outpaced income growth by roughly 7.4 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 19,546 to 20,889 between 2021 and 2024, a 6.9% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 42.7% to 53.5%. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 37208 in Nashville, TN reflects that arc in its own way.

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About renting in ZIP 37208

Last updated: October 17, 2026

ZIP code 37208 covers Nashville, TN. The median rent here is $2,159/mo as of October 2026. A 1-bedroom rents for a median of $1,720/mo. A 2-bedroom rents for a median of $1,880/mo.

At 40% of local median household income ($65,556/yr), ZIP 37208 ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 37208?

To keep rent at or below 30% of gross income, you would need to earn at least $86,000/year (about $41/hour full-time) to afford the median rent of $2,159/mo in ZIP 37208. The local median household income is $65,556/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 37208?

Rent in ZIP 37208 has risen 0.6% over the past year as of September 2026. It sits 0.4% below its high of $2,168 in January 2026.

When is the cheapest time to rent in ZIP 37208?

Asking rents in ZIP 37208 are usually lowest in January, about 1.2% below their yearly trend, and highest in August, about 1.2% above it. At today's median that is a gap of roughly $52 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 37208?

No. From 2019 to 2024, rent in ZIP 37208 rose 30.8% while median household income rose 64%, from $39,964 to $65,556. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 37208 compare to other ZIPs in Tennessee?

ZIP 37208 is one of the pricier among Tennessee ZIP codes for rent, ranking #13 of 147 at $2,159/mo. Over the year to September 2026, rent in ZIP 37208 changed +0.6%, against a typical +1.8% across the 127 Tennessee ZIP codes Zillow tracks.

How does ZIP 37208 compare to the rest of Nashville?

At $2,159/mo, ZIP 37208 is $339 above the Nashville citywide median of $1,820/mo. It is the 17th cheapest of 23 ZIP codes in Nashville.
Income Affordability
40%
MODERATE

At $2,159/mo, rent takes ~40% of ZIP 37208's median household income ($65,556/yr). The standard benchmark is 30%.

ZIP 37208 40%Benchmark 30%
State income taxNone
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