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 $1,634 per month.
Advertised net-effective rent — asking less advertised concessions — is $1,557, a median discount of +4.7% ($77/month) off asking.
In Nashville right now, the average listing leases in 21 days and 13,037 rentals are actively listed.
Downtown Nashville is the most expensive area tracked at $2,665 median, while McMurray is the most affordable at $1,168.
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 |
|---|---|---|---|---|---|---|
| Downtown Nashville | $2,665 | $2,180 | $3,170 | -18.2% | — | — |
| Downtown Franklinsuburb | $2,461 | — | — | — | — | — |
| Green Hills | $2,418 | — | $2,650 | — | — | — |
| The Gulch | $2,360 | $2,195 | $2,980 | -10.4% | — | — |
| Edgehill | $2,212 | — | — | — | — | — |
| Franklinsuburb | $2,085 | $2,075 | $2,979 | +14.4% | — | — |
| Music Row | $2,048 | — | — | +1.5% | — | — |
| SoBro | $2,047 | $2,219 | — | — | — | — |
| North Gulch | $2,019 | $1,896 | — | -8.5% | — | — |
| Germantown | $1,962 | $1,843 | $2,344 | +11.2% | — | — |
| West End Nashville | $1,923 | $1,655 | $1,989 | 0.0% | — | — |
| West Nashville | $1,902 | — | — | — | — | — |
| Sylvan Park | $1,864 | — | — | — | — | — |
| MetroCenter | $1,794 | — | — | +12.7% | — | — |
| West Meade | $1,668 | — | — | 0.0% | — | — |
| Midtown Nashville | $1,654 | $1,370 | $2,240 | +10.2% | — | — |
| Rutledge Hill | $1,637 | — | — | — | — | — |
| Gallatin | $1,615 | — | — | -0.6% | — | — |
| Melrose-Waverly | $1,599 | $1,599 | — | +1.9% | — | — |
| Haynes Area | $1,595 | $1,580 | — | -5.2% | — | — |
| Tomorrow's Hope-TSU | $1,590 | — | — | — | — | — |
| Goodlettsvillesuburb | $1,552 | — | — | +0.5% | — | — |
| Bellevue | $1,502 | $1,457 | $1,532 | +0.9% | — | — |
| Northeast Nashville | $1,485 | $1,294 | $1,485 | — | — | — |
| Whitebridge | $1,475 | — | $1,475 | -1.6% | — | — |
| Hendersonvillesuburb | $1,464 | $1,264 | $1,606 | +5.4% | — | — |
| Hermitage | $1,446 | — | $1,448 | +4.3% | — | — |
| Murfreesborosuburb | $1,444 | $1,249 | $1,480 | +6.6% | — | — |
| Nashville | $1,440 | $1,439 | $1,440 | -6.3% | — | — |
| Hillwood | $1,399 | — | $1,404 | -3.7% | — | — |
| East Nashville | $1,350 | $1,350 | — | -19.4% | — | — |
| Southeast Nashville | $1,259 | $1,125 | $1,485 | -7.7% | — | — |
| McMurray | $1,168 | — | — | -6.4% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology