Nashville Rent Report — November 2023
A permanent record of Nashville rents for November 2023 from the Abode Rent Index. These figures are final.
This month in Nashville
As of November 2023, the median asking rent in Nashville, TN is $1,627 per month.
Advertised net-effective rent — asking less advertised concessions — is $1,556, a median discount of +4.4% ($71/month) off asking.
In Nashville right now, the average listing leases in 21 days and 13,037 rentals are actively listed.
The Gulch is the most expensive area tracked at $2,655 median, while McMurray is the most affordable at $1,169.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, November 2023
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| The Gulch | $2,655 | $2,135 | $2,795 | -6.3% | — | — |
| Downtown Nashville | $2,585 | — | — | +23.4% | — | — |
| Franklinsuburb | $2,255 | $2,220 | $2,712 | +22.8% | — | — |
| Germantown | $2,126 | $1,928 | $2,730 | +2.2% | — | — |
| The Nations | $1,899 | — | — | — | — | — |
| West End Nashville | $1,888 | $1,725 | — | +22.8% | — | — |
| MetroCenter | $1,794 | $1,794 | — | +12.4% | — | — |
| North Gulch | $1,742 | $1,690 | — | -9.4% | — | — |
| Midtown Nashville | $1,683 | $1,616 | — | -3.1% | — | — |
| Nashville | $1,608 | $1,399 | $1,608 | +11.4% | — | — |
| Melrose-Waverly | $1,601 | — | — | +9.2% | — | — |
| Bellevue | $1,454 | — | $1,459 | -22.6% | — | — |
| Hendersonvillesuburb | $1,444 | $1,399 | $1,586 | -12.7% | — | — |
| Murfreesborosuburb | $1,439 | $1,219 | $1,529 | -6.9% | — | — |
| Hillwood | $1,439 | — | $1,449 | — | — | — |
| Goodlettsvillesuburb | $1,414 | — | — | — | — | — |
| Southeast Nashville | $1,359 | $1,148 | $1,430 | -0.4% | — | — |
| Hermitage | $1,334 | — | — | — | — | — |
| East Nashville | $1,300 | — | — | -19.8% | — | — |
| McMurray | $1,169 | — | — | — | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology