Nashville Rent Report — June 2024
A permanent record of Nashville rents for June 2024 from the Abode Rent Index. These figures are final.
This month in Nashville
As of June 2024, the median asking rent in Nashville, TN is $1,808 per month, down +11.4% from a year earlier.
Advertised net-effective rent — asking less advertised concessions — is $1,784, a median discount of +1.3% ($24/month) off asking.
In Nashville right now, the average listing leases in 21 days and 13,037 rentals are actively listed.
Green Hills is the most expensive area tracked at $2,650 median, while McMurray is the most affordable at $1,280.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, June 2024
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| Green Hills | $2,650 | — | $2,750 | +51.7% | — | — |
| North Gulch | $2,579 | $2,330 | $3,093 | +26.8% | — | — |
| Downtown Nashville | $2,525 | $2,525 | — | +18.8% | — | — |
| South Nashville | $2,388 | — | — | +25.9% | — | — |
| The Gulch | $2,315 | $2,029 | $2,962 | +3.0% | — | — |
| Downtown Franklinsuburb | $2,299 | $2,154 | — | -35.2% | — | — |
| West Nashville | $2,042 | — | — | +16.1% | — | — |
| SoBro | $2,040 | $2,032 | — | +3.8% | — | — |
| Germantown | $2,039 | $1,897 | $2,985 | +1.9% | — | — |
| Haynes Area | $2,032 | $1,612 | $2,040 | +3.4% | — | — |
| Franklinsuburb | $2,016 | $1,763 | $2,072 | +8.7% | — | — |
| Edgehill | $1,984 | $1,864 | — | +16.0% | — | — |
| The District | $1,975 | $1,995 | — | +10.9% | — | — |
| Midtown Nashville | $1,958 | $1,905 | $2,492 | +6.5% | — | — |
| Melrose-Waverly | $1,931 | $1,892 | $2,186 | +9.1% | — | — |
| Music Row | $1,919 | $1,914 | $2,870 | -8.1% | — | — |
| West End Nashville | $1,905 | $1,652 | $2,098 | +17.3% | — | — |
| MetroCenter | $1,831 | $1,750 | $1,981 | -0.5% | — | — |
| Tomorrow's Hope-TSU | $1,830 | $1,785 | $2,475 | -7.7% | — | — |
| Villages of Riverwood | $1,818 | — | — | +6.6% | — | — |
| East Nashville | $1,675 | $1,140 | $1,349 | +21.6% | — | — |
| West Meade | $1,659 | $1,599 | $1,878 | +2.0% | — | — |
| Nashville | $1,575 | $1,525 | $1,768 | -1.5% | — | — |
| Shadow Glen | $1,568 | — | — | — | — | — |
| Hillwood | $1,509 | — | $1,519 | +7.4% | — | — |
| Bellevue | $1,496 | $1,329 | $1,470 | +0.5% | — | — |
| Gallatin | $1,469 | — | $1,509 | +2.2% | — | — |
| Dickerson Road | $1,465 | $1,408 | — | -2.0% | — | — |
| Murfreesborosuburb | $1,434 | $1,332 | $1,510 | -3.9% | — | — |
| Hendersonvillesuburb | $1,406 | $1,288 | $1,523 | -5.8% | — | — |
| Southeast Nashville | $1,399 | $1,204 | $1,468 | +2.6% | — | — |
| Northeast Nashville | $1,395 | $1,395 | $1,499 | -3.9% | — | — |
| Four Corners | $1,384 | $1,234 | — | -6.1% | — | — |
| Hermitage | $1,341 | $1,309 | $1,453 | -11.7% | — | — |
| McMurray | $1,280 | $995 | — | +16.4% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology