Nashville Rent Report — January 2024
A permanent record of Nashville rents for January 2024 from the Abode Rent Index. These figures are final.
This month in Nashville
As of January 2024, the median asking rent in Nashville, TN is $2,500 per month.
In Nashville right now, the average listing leases in 20 days and 7,924 rentals are actively listed.
North Gulch is the most expensive area tracked at $2,252 median, while McMurray is the most affordable at $1,024.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, January 2024
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| North Gulch | $2,252 | $2,252 | — | — | — | — |
| SoBro | $2,134 | $2,134 | — | — | — | — |
| Music Row | $2,058 | — | — | -0.1% | — | — |
| Franklinsuburb | $2,032 | $2,032 | $2,833 | +6.9% | — | — |
| Sylvan Park | $1,924 | — | — | — | — | — |
| Green Hills - Midtown | $1,888 | — | — | — | — | — |
| The Gulch | $1,836 | $1,836 | $2,675 | -7.1% | — | — |
| Germantown | $1,750 | $1,750 | $2,244 | +0.6% | — | — |
| West Meade | $1,708 | — | — | +6.8% | — | — |
| West End Nashville | $1,688 | $1,688 | $2,000 | -2.3% | — | — |
| Midtown Nashville | $1,654 | $1,654 | $2,240 | -2.6% | — | — |
| MetroCenter | $1,644 | — | — | +4.4% | — | — |
| Rutledge Hill | $1,637 | — | — | — | — | — |
| Melrose-Waverly | $1,599 | — | — | +13.1% | — | — |
| Haynes Area | $1,580 | $1,580 | — | -4.2% | — | — |
| Goodlettsvillesuburb | $1,552 | — | — | +4.0% | — | — |
| Whitebridge | $1,537 | — | — | -3.9% | — | — |
| Northeast Nashville | $1,485 | $1,294 | $1,485 | — | — | — |
| Hermitage | $1,448 | — | $1,448 | — | — | — |
| Nashville | $1,440 | $1,459 | $1,440 | -15.5% | — | — |
| Hillwood | $1,404 | — | $1,404 | +7.3% | — | — |
| Downtown Franklinsuburb | $1,380 | — | — | — | — | — |
| Southeast Nashville | $1,126 | $1,126 | $1,474 | -7.6% | — | — |
| McMurray | $1,024 | — | — | -15.6% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology