What Is the Average Rent in Nashville?

The average rent in Nashville stands at $1,697 per month as of August 2025, providing a general benchmark for the city’s rental market. This figure reflects the evolving housing landscape in Music City.

Key Factors Influencing Nashville Rent Prices

Nashville’s rental prices are shaped by economic growth, population shifts, and supply and demand. The city’s job market, marked by consistent job growth, draws new residents seeking employment, increasing housing demand.

Population growth has intensified competition for available housing units, contributing to rising prices. While new residential developments are underway, construction has not always kept up with the rapid increase in demand. This imbalance between housing supply and the growing number of residents creates upward pressure on rental rates.

Nashville’s appeal as a cultural center, known for its music scene and quality of life, further fuels this demand. People are drawn to the city for various reasons beyond employment, including its entertainment options.

Average Rent by Property Type

Rental costs in Nashville vary depending on the property type and number of bedrooms. A studio apartment typically rents for about $1,562 per month.

For a one-bedroom apartment, the average monthly rent is approximately $1,697. A two-bedroom apartment generally increases the average rent to around $2,053 per month.

Larger residences, such as three-bedroom apartments or homes, command higher prices, with averages starting at about $2,399 per month or more. Prices can fluctuate based on amenities, building age, and location.

Average Rent by Nashville Neighborhood

Rental prices across Nashville’s neighborhoods exhibit considerable variation, influenced by factors such as proximity to downtown, available amenities, and overall desirability. For instance, in areas like Downtown Nashville, the average rent can be around $2,578. Similarly, The Gulch, known for its upscale offerings, typically sees average rents ranging from approximately $2,400 to $2,700 per month.

Germantown, another popular neighborhood, shows a range in average rents, often falling between $1,700 and $2,250 as of August 2025, depending on the specific source and property. Sylvan Park, a residential area, can have average rents between $1,900 and $2,400. These differences highlight how location within the city impacts housing costs.

Midtown, an active urban district, has average rents that can reach approximately $2,691. Even within a popular area like East Nashville, where properties are in high demand, average rents can be around $1,486, though specific unit types and locations within the neighborhood will influence the actual cost. These localized averages underscore the importance of researching specific areas when considering a move to Nashville.

Understanding Rent Fluctuations

The concept of “average rent” represents a dynamic figure, subject to various market forces and data collection methodologies. Rental prices are not static; they fluctuate based on seasonal demand, economic shifts, and changes in housing inventory. For example, the housing supply in Nashville often increases during the spring and summer months, which can influence pricing.

It is also important to recognize the distinction between average and median rent figures. An average calculates the sum of all rents divided by the number of units, which can be skewed by extremely high or low prices. Conversely, the median represents the middle value in a dataset, providing a more typical representation of rental costs by minimizing the impact of outliers.

Rental data is typically compiled from active listings or recently signed leases, meaning the figures reflect market conditions at a specific point in time. These data points provide valuable insights into current trends but should be understood as snapshots rather than fixed values. The ongoing variability in the rental market requires continuous observation to grasp evolving price patterns.