Nashville Rent Report — March 2024
A permanent record of Nashville rents for March 2024 from the Abode Rent Index. These figures are final.
This month in Nashville
As of March 2024, the median asking rent in Nashville, TN is $1,593 per month.
Advertised net-effective rent — asking less advertised concessions — is $1,524, a median discount of +4.3% ($69/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 $2,595 median, while Shadow Glen is the most affordable at $1,172.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, March 2024
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| The Gulch | $2,595 | — | $2,695 | +1.0% | — | — |
| Downtown Nashville | $2,586 | $2,606 | — | +34.1% | — | — |
| Music Row | $2,354 | $2,339 | — | — | — | — |
| Haynes Area | $2,050 | — | $2,050 | +24.5% | — | — |
| Germantown | $1,997 | $1,790 | $2,325 | +2.2% | — | — |
| North Gulch | $1,924 | $1,870 | — | +7.3% | — | — |
| Franklinsuburb | $1,871 | $1,680 | $2,019 | -17.3% | — | — |
| Villages of Riverwood | $1,831 | — | — | — | — | — |
| Green Hills | $1,759 | $1,920 | $1,759 | -19.5% | — | — |
| Hillwood | $1,724 | $1,850 | $1,539 | 0.0% | — | — |
| West Meade | $1,708 | $1,578 | $1,726 | — | — | — |
| SoBro | $1,685 | — | — | — | — | — |
| Melrose-Waverly | $1,656 | $1,599 | — | 0.0% | — | — |
| West End Nashville | $1,646 | $1,629 | $2,072 | +7.0% | — | — |
| Midtown Nashville | $1,640 | $1,592 | $2,518 | +2.1% | — | — |
| The District | $1,622 | $1,622 | — | -12.9% | — | — |
| MetroCenter | $1,538 | $1,538 | — | -10.9% | — | — |
| East Nashville | $1,529 | $1,600 | $1,909 | -23.4% | — | — |
| Nashville | $1,512 | $1,459 | $1,729 | -5.4% | — | — |
| Hendersonvillesuburb | $1,504 | $1,344 | $1,501 | +6.1% | — | — |
| Dickerson Road | $1,485 | — | — | — | — | — |
| Murfreesborosuburb | $1,479 | $1,427 | $1,510 | +4.4% | — | — |
| Gallatin | $1,474 | $1,379 | $1,610 | -6.0% | — | — |
| McMurray | $1,433 | — | — | +24.2% | — | — |
| Bellevue | $1,422 | $1,304 | $1,409 | -1.0% | — | — |
| Southeast Nashville | $1,362 | $1,180 | $1,500 | +3.2% | — | — |
| Hermitage | $1,294 | $1,168 | $1,572 | -9.1% | — | — |
| Northeast Nashville | $1,278 | $1,199 | $1,280 | +4.2% | — | — |
| Goodlettsvillesuburb | $1,275 | — | $1,275 | -19.8% | — | — |
| Shadow Glen | $1,172 | — | — | -36.8% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology