Nashville Rent Report — February 2024
A permanent record of Nashville rents for February 2024 from the Abode Rent Index. These figures are final.
This month in Nashville
As of February 2024, the median asking rent in Nashville, TN is $1,739 per month.
Advertised net-effective rent — asking less advertised concessions — is $1,640, a median discount of +5.7% ($99/month) off asking.
In Nashville right now, the average listing leases in 19 days and 13,744 rentals are actively listed.
Downtown Nashville is the most expensive area tracked at $2,314 median, while Northeast Nashville is the most affordable at $1,193.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, February 2024
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| Downtown Nashville | $2,314 | $2,324 | $3,495 | -16.6% | — | — |
| The Gulch | $2,207 | $2,068 | $2,694 | +15.1% | — | — |
| Green Hills | $2,185 | $2,052 | $2,185 | -9.6% | — | — |
| Franklinsuburb | $2,185 | $2,125 | $3,359 | +6.1% | — | — |
| Germantown | $2,029 | $1,949 | $2,558 | +2.8% | — | — |
| The District | $2,014 | — | — | — | — | — |
| East Nashville | $1,996 | $1,524 | $2,120 | +47.9% | — | — |
| Downtown Franklinsuburb | $1,927 | — | — | -3.1% | — | — |
| West Nashville | $1,834 | $1,616 | $1,844 | -5.7% | — | — |
| Tomorrow's Hope-TSU | $1,828 | — | — | +15.1% | — | — |
| Music Valley | $1,747 | — | $1,747 | — | — | — |
| MetroCenter | $1,713 | $1,658 | $1,977 | +8.0% | — | — |
| Shadow Glen | $1,700 | — | — | — | — | — |
| Nashville | $1,687 | $1,360 | $1,826 | +12.4% | — | — |
| Midtown Nashville | $1,686 | $1,620 | $2,078 | +2.0% | — | — |
| Melrose-Waverly | $1,632 | $1,599 | $1,799 | -1.4% | — | — |
| Haynes Area | $1,609 | $1,608 | — | +1.4% | — | — |
| North Gulch | $1,587 | $1,565 | — | -20.7% | — | — |
| Goodlettsvillesuburb | $1,559 | — | $1,559 | +0.5% | — | — |
| Hillwood | $1,557 | — | $1,509 | +15.5% | — | — |
| Gallatin | $1,549 | $1,259 | $1,579 | +2.0% | — | — |
| The Nations | $1,549 | — | — | — | — | — |
| West End Nashville | $1,549 | $1,531 | $2,034 | -19.8% | — | — |
| Murfreesborosuburb | $1,489 | $1,299 | $1,499 | -1.3% | — | — |
| Bellevue | $1,414 | $1,259 | $1,539 | -5.9% | — | — |
| Hermitage | $1,414 | $1,360 | $1,463 | -4.4% | — | — |
| Hendersonvillesuburb | $1,386 | — | $1,386 | -1.0% | — | — |
| Southeast Nashville | $1,316 | $1,252 | $1,433 | +2.5% | — | — |
| McMurray | $1,222 | — | — | +11.0% | — | — |
| Northeast Nashville | $1,193 | — | — | -15.7% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology