Nashville Rent Report — May 2024
A permanent record of Nashville rents for May 2024 from the Abode Rent Index. These figures are final.
This month in Nashville
As of May 2024, the median asking rent in Nashville, TN is $2,000 per month, up +23.1% from a year earlier.
Advertised net-effective rent — asking less advertised concessions — is $1,967, a median discount of +1.7% ($33/month) off asking.
In Nashville right now, the average listing leases in 19 days and 13,744 rentals are actively listed.
Downtown Franklin is the most expensive area tracked at $3,808 median, while Madison is the most affordable at $1,144.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, May 2024
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| Downtown Franklinsuburb | $3,808 | — | — | — | — | — |
| Green Hills - Midtown | $2,945 | — | — | — | — | — |
| Tomorrow's Hope-TSU | $2,329 | $1,800 | $2,500 | +59.1% | — | — |
| Germantown | $2,290 | $1,856 | $2,629 | +20.2% | — | — |
| Downtown Nashville | $2,125 | $2,145 | $5,500 | -14.8% | — | — |
| North Gulch | $2,111 | $1,818 | — | -6.6% | — | — |
| The Gulch | $2,090 | $2,044 | $3,502 | -13.0% | — | — |
| Music Row | $2,020 | $1,945 | $2,789 | +7.3% | — | — |
| Haynes Area | $1,998 | $1,590 | $2,035 | +27.0% | — | — |
| SoBro | $1,979 | $1,965 | — | -14.9% | — | — |
| Franklinsuburb | $1,959 | $1,690 | $1,960 | +6.2% | — | — |
| Whitebridge | $1,913 | — | $1,945 | — | — | — |
| The Nations | $1,906 | — | — | +14.3% | — | — |
| The District | $1,902 | — | — | -17.3% | — | — |
| Midtown Nashville | $1,891 | $1,857 | $2,515 | +5.4% | — | — |
| Melrose-Waverly | $1,851 | $1,824 | $2,184 | +5.0% | — | — |
| West Nashville | $1,845 | — | — | — | — | — |
| Edgehill | $1,842 | $1,830 | — | -11.1% | — | — |
| South Nashville | $1,835 | — | — | — | — | — |
| Green Hills | $1,747 | $1,699 | $2,650 | -8.0% | — | — |
| MetroCenter | $1,747 | $1,606 | $2,099 | -10.8% | — | — |
| West Meade | $1,706 | $1,533 | $1,723 | -2.5% | — | — |
| Villages of Riverwood | $1,640 | — | — | — | — | — |
| West End Nashville | $1,619 | $1,590 | $2,519 | +0.1% | — | — |
| Hendersonvillesuburb | $1,548 | — | $1,599 | +1.3% | — | — |
| Northeast Nashville | $1,542 | $1,419 | $1,601 | +12.7% | — | — |
| Nashville | $1,536 | $1,421 | $1,695 | +1.8% | — | — |
| Hillwood | $1,522 | $1,299 | $1,509 | +6.1% | — | — |
| Hermitage | $1,502 | $1,223 | $1,523 | +22.0% | — | — |
| Dickerson Road | $1,495 | — | — | -12.6% | — | — |
| Murfreesborosuburb | $1,490 | $1,390 | $1,611 | +0.8% | — | — |
| Bellevue | $1,479 | $1,309 | $1,423 | +5.0% | — | — |
| Four Corners | $1,474 | — | — | — | — | — |
| Gallatin | $1,459 | $1,344 | $1,638 | +3.5% | — | — |
| Sylvan Park | $1,459 | $1,459 | — | — | — | — |
| Southeast Nashville | $1,422 | $1,206 | $1,448 | -1.2% | — | — |
| East Nashville | $1,349 | $1,140 | $2,120 | -10.1% | — | — |
| The Woodlands | $1,284 | — | — | — | — | — |
| McMurray | $1,193 | $995 | $1,300 | -8.2% | — | — |
| Madison | $1,144 | — | — | — | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology