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 21 days and 13,037 rentals are actively listed.
The Gulch is the most expensive area tracked at $2,525 median, while McMurray is the most affordable at $1,154.
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 |
|---|---|---|---|---|---|---|
| The Gulch | $2,525 | $2,265 | $2,855 | +24.6% | — | — |
| Downtown Nashville | $2,314 | $2,324 | $3,495 | -16.6% | — | — |
| Franklinsuburb | $2,248 | $2,134 | $3,398 | +7.8% | — | — |
| Green Hills | $2,185 | $2,052 | $2,185 | -9.6% | — | — |
| Germantown | $2,175 | $2,025 | $2,662 | +1.2% | — | — |
| East Nashville | $1,996 | $1,524 | $2,120 | +47.9% | — | — |
| Downtown Franklinsuburb | $1,927 | — | — | -25.1% | — | — |
| Tomorrow's Hope-TSU | $1,890 | — | — | +18.8% | — | — |
| The District | $1,855 | — | — | — | — | — |
| West Nashville | $1,834 | $1,616 | $1,844 | -5.7% | — | — |
| MetroCenter | $1,762 | $1,658 | $1,975 | +4.6% | — | — |
| Music Valley | $1,747 | — | $1,747 | — | — | — |
| Midtown Nashville | $1,718 | $1,594 | $1,985 | +2.7% | — | — |
| Shadow Glen | $1,700 | — | — | — | — | — |
| Melrose-Waverly | $1,660 | $1,599 | $1,799 | -1.9% | — | — |
| Haynes Area | $1,610 | $1,608 | — | +1.0% | — | — |
| Hillwood | $1,599 | — | $1,509 | +15.3% | — | — |
| Nashville | $1,599 | $1,430 | $1,860 | +8.2% | — | — |
| North Gulch | $1,587 | $1,565 | — | -17.4% | — | — |
| Goodlettsvillesuburb | $1,559 | — | $1,559 | +0.5% | — | — |
| Gallatin | $1,549 | $1,259 | $1,579 | +2.0% | — | — |
| West End Nashville | $1,549 | $1,516 | $2,018 | -23.8% | — | — |
| The Nations | $1,529 | — | — | — | — | — |
| Murfreesborosuburb | $1,489 | $1,299 | $1,499 | -1.3% | — | — |
| Hermitage | $1,462 | $1,360 | $1,463 | -1.7% | — | — |
| Bellevue | $1,414 | $1,259 | $1,539 | -5.9% | — | — |
| Hendersonvillesuburb | $1,386 | — | $1,386 | -1.0% | — | — |
| Southeast Nashville | $1,374 | $1,254 | $1,438 | +1.9% | — | — |
| Northeast Nashville | $1,227 | — | — | -10.1% | — | — |
| McMurray | $1,154 | — | — | -1.2% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology