Nashville Rent Report — April 2024
A permanent record of Nashville rents for April 2024 from the Abode Rent Index. These figures are final.
This month in Nashville
As of April 2024, the median asking rent in Nashville, TN is $2,065 per month.
Advertised net-effective rent — asking less advertised concessions — is $2,031, a median discount of +1.6% ($34/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 $2,495 median, while Hermitage is the most affordable at $1,256.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, April 2024
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| Downtown Nashville | $2,495 | $2,645 | — | -3.5% | — | — |
| The Gulch | $2,388 | $2,212 | $3,028 | -13.4% | — | — |
| The District | $2,268 | — | — | +39.6% | — | — |
| Edgehill | $2,260 | — | — | — | — | — |
| North Gulch | $2,125 | $1,922 | — | +26.5% | — | — |
| Germantown | $2,000 | $1,861 | $2,550 | -2.3% | — | — |
| Music Row | $1,934 | $1,889 | — | -12.2% | — | — |
| SoBro | $1,933 | $1,916 | — | +40.2% | — | — |
| Green Hills | $1,899 | $1,845 | — | +8.0% | — | — |
| MetroCenter | $1,884 | $1,624 | $2,120 | +19.1% | — | — |
| Melrose-Waverly | $1,865 | $1,598 | $2,457 | +12.1% | — | — |
| Midtown Nashville | $1,862 | $1,506 | $2,374 | +12.1% | — | — |
| Shadow Glen | $1,825 | — | $1,825 | +69.9% | — | — |
| Franklinsuburb | $1,818 | $1,579 | $1,818 | -3.7% | — | — |
| Dickerson Road | $1,710 | $1,710 | — | +15.2% | — | — |
| West Meade | $1,686 | $1,647 | $2,130 | +1.7% | — | — |
| West End Nashville | $1,670 | $1,508 | $2,339 | +8.0% | — | — |
| The Nations | $1,669 | $1,664 | — | — | — | — |
| Tomorrow's Hope-TSU | $1,655 | $1,670 | $1,920 | — | — | — |
| Haynes Area | $1,630 | $1,570 | $2,030 | -5.1% | — | — |
| Hillwood | $1,599 | $1,599 | $1,999 | -6.2% | — | — |
| Northeast Nashville | $1,504 | $1,339 | $1,765 | +6.5% | — | — |
| East Nashville | $1,500 | $1,490 | $1,509 | -1.9% | — | — |
| Hendersonvillesuburb | $1,494 | $1,247 | $1,629 | +0.2% | — | — |
| Nashville | $1,487 | $1,485 | $1,493 | +0.8% | — | — |
| Murfreesborosuburb | $1,476 | $1,299 | $1,520 | +1.7% | — | — |
| Gallatin | $1,454 | $1,368 | $1,614 | +6.0% | — | — |
| Bellevue | $1,409 | $1,798 | $1,359 | +0.6% | — | — |
| Southeast Nashville | $1,368 | $1,214 | $1,500 | +2.3% | — | — |
| McMurray | $1,300 | — | — | -9.3% | — | — |
| Hermitage | $1,256 | $1,199 | $1,433 | -2.8% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology