Nashville Rent Report — July 2023
A permanent record of Nashville rents for July 2023 from the Abode Rent Index. These figures are final.
This month in Nashville
As of July 2023, the median asking rent in Nashville, TN is $1,701 per month.
Advertised net-effective rent — asking less advertised concessions — is $1,655, a median discount of +2.7% ($46/month) off asking.
In Nashville right now, the average listing leases in 19 days and 13,744 rentals are actively listed.
Downtown Nashville is the most expensive area tracked at $2,984 median, while Hermitage is the most affordable at $1,260.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, July 2023
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| Downtown Nashville | $2,984 | — | — | — | — | — |
| Green Hills | $2,772 | — | — | — | — | — |
| The Gulch | $2,468 | $2,362 | $2,740 | -14.2% | — | — |
| North Gulch | $2,269 | — | — | — | — | — |
| Music Row | $2,076 | $2,076 | — | — | — | — |
| Germantown | $1,869 | $1,841 | $2,350 | — | — | — |
| Midtown Nashville | $1,787 | $1,768 | — | — | — | — |
| Franklinsuburb | $1,785 | $1,553 | $1,794 | — | — | — |
| Melrose-Waverly | $1,757 | $1,757 | — | — | — | — |
| West End Nashville | $1,652 | $1,599 | — | — | — | — |
| Bellevue | $1,602 | — | $1,549 | — | — | — |
| Hendersonvillesuburb | $1,584 | — | $1,766 | — | — | — |
| The Nations | $1,552 | — | — | — | — | — |
| Murfreesborosuburb | $1,546 | $1,329 | $1,555 | +3.1% | — | — |
| Southeast Nashville | $1,345 | $1,328 | $1,471 | -6.6% | — | — |
| Nashville | $1,337 | $1,279 | — | — | — | — |
| Hermitage | $1,260 | $1,227 | $1,478 | — | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology