ZIP Code · TN

ZIP 37209

Pop. 37,817·Davidson County·38th most expensive ZIP in Tennessee
Median rent (all units)
$1,852/mo
Year-over-Year
+0.5%
Month-over-Month
+0.4%
vs US Median
-$80
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 37209 · $1,852
More expensive than 52% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,700
1 BR
$1,780
2 BR
$1,950
3 BR
$2,490
4 BR+
$3,040
Research median
$1,950/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 37209 usually run 1% below trend in January and 1.1% above it in July, about $39 a month apart at today's median. Based on 9 years of data.

Compared with the peak

Rent in ZIP 37209 is 2.5% below its high of $1,899 in March 2023, at $1,852 as of September 2026.

Past year vs. the rest of Tennessee

Rent in ZIP 37209 changed +0.5% 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 37209 rose 22.3% while median household income rose 49.5% ($54,461 to $81,423). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 37209 is 19.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($81,423) is $2,036 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,950); a 3-bedroom is $2,490.

Rank in Nashville

9th cheapest of 23 ZIP codes in Nashville.

Cheaper nearby

ZIP 37221, 9 miles away, rents for 12% less ($1,627/mo), about $2,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 37209. 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
$22,224/yr
At $1,852/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 (+0.5% YoY, +0.4% MoM), not inventory.
Demographics

Who lives here

ZIP 37209 (Nashville, TN) is roughly split between renters and owners, skews toward younger working-age adults, 60% of residents hold a bachelor's degree or higher.

Population
37,817
Median income
$81,423
Median age
33.4
Renters
53.1%
Age distribution
13.4%
40.9%
25.7%
12.2%
Under 1813.4%
18–3440.9%
35–5425.7%
55–647.9%
65+12.2%
Gender
47.4%
52.6%
Male47.4%
Female52.6%
Race & ethnicity
66.8%
17.2%
White66.8%
Black17.2%
Hispanic7%
Asian5.7%
Other3.3%
Education (25+)
16.1%
17%
60%
No HS diploma7%
HS diploma16.1%
Some college17%
Bachelor's+60%
Housing tenure
46.9%
53.1%
Owner46.9%
Renter53.1%

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

2021 vs 2026

How ZIP 37209 in Nashville, TN has changed in 5 years

Rent
$1,573 → $1,852
up 17.7%
Income
$63,287 → $81,423
up 28.7%
Population
37,363 → 37,817
up 1.2%
Renter share
55.9% → 53.1%
-2.8 pts
Bachelor's+
53% → 60%
+7.0 pts
Median age
31.9 → 33.4
+1.5 yrs

Rent in ZIP 37209 in Nashville, TN has climbed 17.7% since 2021, going from about $1,573 per month to roughly $1,852 today. Median household income grew from $63,287 to $81,423 between 2021 and 2024, a 28.7% shift. Income growth outran rent by about 11.0 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 37,363 to 37,817 between 2021 and 2024, a 1.2% change. About 53.1% of households rent today, against 55.9% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 53% to 60%. Taken together, the five-year picture in ZIP 37209 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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About renting in ZIP 37209

Last updated: October 17, 2026

ZIP code 37209 covers Nashville, TN. The median rent here is $1,852/mo as of October 2026. A 1-bedroom rents for a median of $1,780/mo. A 2-bedroom rents for a median of $1,950/mo.

At 27% of local median household income ($81,423/yr), ZIP 37209 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 37209?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (about $36/hour full-time) to afford the median rent of $1,852/mo in ZIP 37209. The local median household income is $81,423/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 37209?

Rent in ZIP 37209 has been roughly flat over the past year as of September 2026, a +0.5% change. It sits 2.5% below its high of $1,899 in March 2023.

When is the cheapest time to rent in ZIP 37209?

Asking rents in ZIP 37209 are usually lowest in January, about 1% below their yearly trend, and highest in July, about 1.1% above it. At today's median that is a gap of roughly $39 a month. This pattern comes from 9 years of Zillow rent data.

Has rent outpaced income in ZIP 37209?

No. From 2019 to 2024, rent in ZIP 37209 rose 22.3% while median household income rose 49.5%, from $54,461 to $81,423. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 37209 compare to other ZIPs in Tennessee?

ZIP 37209 is one of the pricier among Tennessee ZIP codes for rent, ranking #38 of 147 at $1,852/mo. Over the year to September 2026, rent in ZIP 37209 changed +0.5%, against a typical +1.8% across the 127 Tennessee ZIP codes Zillow tracks.

How does ZIP 37209 compare to the rest of Nashville?

At $1,852/mo, ZIP 37209 is $32 above the Nashville citywide median of $1,820/mo. It is the 9th cheapest of 23 ZIP codes in Nashville.
Income Affordability
27%
AFFORDABLE

At $1,852/mo, rent takes ~27% of ZIP 37209's median household income ($81,423/yr). The standard benchmark is 30%.

ZIP 37209 27%Benchmark 30%
State income taxNone
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