ZIP Code · TN

ZIP 37228

Part of Nashville, TN

Pop. 2,585·Davidson County·38th most expensive ZIP in Tennessee

Median rent (all units)

$1,852/mo

Year-over-Year

-0.6%

Month-over-Month

-0.2%

vs US Median

-$80

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 37228 · $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

$1,510

1 BR

$1,580

2 BR

$1,730

3 BR

$2,210

4 BR+

$2,700

Research median

$1,730/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

Compared with the peak

Rent in ZIP 37228 is 8.9% below its high of $2,034 in October 2022, at $1,852 as of September 2026.

Past year vs. the rest of Tennessee

Rent in ZIP 37228 changed -0.6% over the year to September 2026. Across the 127 Tennessee ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($60,378) is $1,509 a month. That is less than HUD's Fair Market Rent for a studio ($1,510).

Rank in Nashville

10th cheapest of 23 ZIP codes in Nashville.

Cheaper nearby

ZIP 37115, 7 miles away, rents for 17% less ($1,529/mo), about $3,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 37228. 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

CityNashville

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, -0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 37228 (Nashville, TN) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 58.6% of residents hold a bachelor's degree or higher.

Population

2,585

Median income

$60,378

Median age

27.8

Renters

98.8%

Age distribution

12.5%

49.2%

29.7%

Under 1812.5%

18–3449.2%

35–5429.7%

55–642.5%

65+6.2%

Gender

39.9%

60.1%

Male39.9%

Female60.1%

Race & ethnicity

21.3%

60.2%

13.5%

White21.3%

Black60.2%

Hispanic1.2%

Asian3.9%

Other13.5%

Education (25+)

18%

12.6%

58.6%

No HS diploma18%

HS diploma10.8%

Some college12.6%

Bachelor's+58.6%

Housing tenure

98.8%

Owner1.2%

Renter98.8%

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

2023 vs 2026

How ZIP 37228 in Nashville, TN has changed in 5 years

Rent

$2,016 → $1,852

down 8.1%

Income

$50,579 → $60,378

up 19.4%

Population

1,650 → 2,585

up 56.7%

Renter share

100% → 98.8%

-1.2 pts

Bachelor's+

52.7% → 58.6%

+5.9 pts

Median age

29.6 → 27.8

-1.8 yrs

Five years ago, renters in ZIP 37228 in Nashville, TN paid around $2,016 a month. That figure now sits near $1,852, down 8.1% from the 2023 baseline. Median household income climbed from $50,579 to $60,378 between 2021 and 2024, a 19.4% shift. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 37228 in Nashville, TN adding about 935 residents over the five-year window, up 56.7% on net. Bachelor's-degree-or-higher attainment moved from 52.7% to 58.6% across the same window. Taken together, the five-year picture in ZIP 37228 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 37228

Last updated: October 17, 2026

ZIP code 37228 covers Nashville, TN. The median rent here is $1,852/mo as of October 2026. A 1-bedroom rents for a median of $1,580/mo. A 2-bedroom rents for a median of $1,730/mo.

At 37% of local median household income ($60,378/yr), ZIP 37228 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 0.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 37228?

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 37228. The local median household income is $60,378/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 37228?

Rent in ZIP 37228 has fallen 0.6% over the past year as of September 2026. It sits 8.9% below its high of $2,034 in October 2022.

How does ZIP 37228 compare to other ZIPs in Tennessee?

ZIP 37228 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 37228 changed -0.6%, against a typical +1.8% across the 127 Tennessee ZIP codes Zillow tracks.