Nashville Rent Report — October 2023
A permanent record of Nashville rents for October 2023 from the Abode Rent Index. These figures are final.
This month in Nashville
As of October 2023, the median asking rent in Nashville, TN is $1,614 per month.
Net-effective rent — what renters actually pay after concessions — is $1,564, an average discount of +3.1% ($50/month) off asking.
In Nashville right now, the average listing leases in 19 days and 13,744 rentals are actively listed.
The Gulch is the most expensive area tracked at $2,710 median, while Nashville is the most affordable at $1,318.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, October 2023
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| The Gulch | $2,710 | $2,398 | $3,395 | -1.0% | — | — |
| North Gulch | $2,116 | $1,922 | — | +0.4% | — | — |
| Downtown Nashville | $2,095 | — | — | +0.7% | — | — |
| SoBro | $1,960 | — | — | — | — | — |
| Germantown | $1,885 | $1,842 | $2,192 | +5.8% | — | — |
| Bellevue | $1,859 | — | $1,859 | +24.0% | — | — |
| Northeast Nashville | $1,794 | — | — | +3.3% | — | — |
| Franklinsuburb | $1,791 | $1,747 | $2,290 | -5.9% | — | — |
| West Meade | $1,678 | — | — | +10.9% | — | — |
| Midtown Nashville | $1,661 | $1,653 | — | -26.8% | — | — |
| East Nashville | $1,640 | $1,640 | $1,968 | +24.6% | — | — |
| Four Corners | $1,628 | $1,629 | $1,632 | +12.0% | — | — |
| Whitebridge | $1,580 | — | $1,580 | — | — | — |
| Hendersonvillesuburb | $1,569 | — | $1,566 | -0.6% | — | — |
| West End Nashville | $1,555 | $1,500 | — | -4.0% | — | — |
| MetroCenter | $1,538 | $1,504 | — | -10.5% | — | — |
| Murfreesborosuburb | $1,529 | $1,299 | $1,538 | +14.8% | — | — |
| Melrose-Waverly | $1,468 | $1,458 | — | +1.9% | — | — |
| Southeast Nashville | $1,387 | $1,283 | $1,395 | +8.1% | — | — |
| Nashville | $1,318 | $1,204 | $1,453 | -5.0% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology