Nashville Rent Report — August 2023
A permanent record of Nashville rents for August 2023 from the Abode Rent Index. These figures are final.
This month in Nashville
As of August 2023, the median asking rent in Nashville, TN is $2,300 per month.
In Nashville right now, the average listing leases in 20 days and 7,924 rentals are actively listed.
Dickerson Road is the most expensive area tracked at $2,399 median, while Hillwood is the most affordable at $1,289.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, August 2023
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| Dickerson Road | $2,399 | — | — | — | — | — |
| Midtown Nashville | $2,080 | $2,080 | — | +15.2% | — | — |
| West End Nashville | $2,076 | — | — | +29.8% | — | — |
| The Gulch | $2,000 | — | — | -17.2% | — | — |
| Germantown | $1,737 | $1,737 | $2,408 | -3.9% | — | — |
| Franklinsuburb | $1,733 | $1,392 | $1,733 | -3.0% | — | — |
| Nashville | $1,647 | $1,360 | $1,647 | +26.3% | — | — |
| MetroCenter | $1,598 | $1,598 | — | — | — | — |
| West Meade | $1,556 | $1,638 | $1,556 | — | — | — |
| Cedarwood Courtyard | $1,449 | — | — | — | — | — |
| Hermitage | $1,418 | — | $1,418 | +15.5% | — | — |
| Southeast Nashville | $1,408 | $1,225 | $1,408 | +6.0% | — | — |
| Hillwood | $1,289 | — | — | — | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology