ZIP Code · TN

ZIP 37221

Pop. 41,935·Davidson County·65th most expensive ZIP in Tennessee
Median rent (all units)
$1,627/mo
Year-over-Year
-0.1%
Month-over-Month
-0.3%
vs US Median
-$305
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 37221 · $1,627
More affordable than 63% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,296
1 BR
$1,357
2 BR
$1,486
3 BR
$1,897
4 BR+
$2,316
Research median
$1,486/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 37221 usually run 1.3% below trend in January and 1% above it in July, about $37 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 37221 is 1.6% below its high of $1,653 in August 2022, at $1,627 as of September 2026.

Past year vs. the rest of Tennessee

Rent in ZIP 37221 changed -0.1% 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 37221 rose 31.1% while median household income rose 17.3% ($83,331 to $97,751). Rent outpaced income.

Since before the pandemic

Rent in ZIP 37221 is 27.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 2 months in a row, and rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($97,751) is $2,444 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,200); a 3-bedroom is $2,810.

Rank in Nashville

6th cheapest of 23 ZIP codes in Nashville.

From Zillow's monthly rent index (ZORI) for ZIP 37221. 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
$19,524/yr
At $1,627/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 (-0.1% YoY, -0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 37221 (Nashville, TN) is majority owner-occupied, has a large retiree population, has a median income above the national average, 63.1% of residents hold a bachelor's degree or higher.

Population
41,935
Median income
$97,751
Median age
41.1
Renters
29.2%
Age distribution
18.6%
22.4%
26%
12.8%
20.2%
Under 1818.6%
18–3422.4%
35–5426%
55–6412.8%
65+20.2%
Gender
46.6%
53.4%
Male46.6%
Female53.4%
Race & ethnicity
79%
White79%
Black8.3%
Hispanic6.1%
Asian3.6%
Other2.9%
Education (25+)
22.9%
63.1%
No HS diploma2.8%
HS diploma11.2%
Some college22.9%
Bachelor's+63.1%
Housing tenure
70.8%
29.2%
Owner70.8%
Renter29.2%

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

2021 vs 2026

How ZIP 37221 in Nashville, TN has changed in 5 years

Rent
$1,366 → $1,627
up 19.1%
Income
$90,660 → $97,751
up 7.8%
Population
42,232 → 41,935
down 0.7%
Renter share
27.3% → 29.2%
+1.9 pts
Bachelor's+
57.9% → 63.1%
+5.2 pts
Median age
40.3 → 41.1
+0.8 yrs

The median rent in ZIP 37221 in Nashville, TN stood at $1,366 in 2021 and currently runs about $1,627, reflecting a 19.1% increase over the period. Census figures show median household income at $97,751 today, compared with $90,660 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Renters now make up 29.2% of households, compared with 27.3% five years ago. College-educated residents now make up 63.1% of adults here, versus 57.9% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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About renting in ZIP 37221

Last updated: October 17, 2026

ZIP code 37221 covers Nashville, TN. The median rent here is $1,627/mo as of October 2026. A 1-bedroom rents for a median of $1,357/mo. A 2-bedroom rents for a median of $1,486/mo.

At 20% of local median household income ($97,751/yr), ZIP 37221 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 37221?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (about $31/hour full-time) to afford the median rent of $1,627/mo in ZIP 37221. The local median household income is $97,751/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 37221?

Rent in ZIP 37221 has been roughly flat over the past year as of September 2026, a -0.1% change. It sits 1.6% below its high of $1,653 in August 2022.

When is the cheapest time to rent in ZIP 37221?

Asking rents in ZIP 37221 are usually lowest in January, about 1.3% below their yearly trend, and highest in July, about 1% above it. At today's median that is a gap of roughly $37 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 37221?

Yes. From 2019 to 2024, rent in ZIP 37221 rose 31.1% while median household income rose 17.3%, from $83,331 to $97,751. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 37221 compare to other ZIPs in Tennessee?

ZIP 37221 is in the middle among Tennessee ZIP codes for rent, ranking #65 of 147 at $1,627/mo. Over the year to September 2026, rent in ZIP 37221 changed -0.1%, against a typical +1.8% across the 127 Tennessee ZIP codes Zillow tracks.

How does ZIP 37221 compare to the rest of Nashville?

At $1,627/mo, ZIP 37221 is $193 below the Nashville citywide median of $1,820/mo. It is the 6th cheapest of 23 ZIP codes in Nashville.
Income Affordability
20%
VERY AFFORDABLE

At $1,627/mo, rent takes ~20% of ZIP 37221's median household income ($97,751/yr). The standard benchmark is 30%.

ZIP 37221 20%Benchmark 30%
State income taxNone
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