Nashville Rent Report — July 2024
A permanent record of Nashville rents for July 2024 from the Abode Rent Index. These figures are final.
This month in Nashville
As of July 2024, the median asking rent in Nashville, TN is $1,893 per month, down +6.4% from a year earlier.
Advertised net-effective rent — asking less advertised concessions — is $1,883, a median discount of +0.5% ($10/month) off asking.
In Nashville right now, the average listing leases in 19 days and 13,744 rentals are actively listed.
The fastest-rising neighborhoods year over year are Hermitage (+18.4%), Nashville (+16.9%), Franklin (+13.1%).
West Nashville is the most expensive area tracked at $3,100 median, while McMurray is the most affordable at $1,161.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, July 2024
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| West Nashville | $3,100 | — | — | +56.3% | — | — |
| Green Hills | $2,922 | — | — | +10.3% | — | — |
| Downtown Nashville | $2,495 | $2,495 | — | -19.0% | — | — |
| SoBro | $2,275 | $1,960 | $3,300 | +23.4% | — | — |
| The Gulch | $2,232 | $2,094 | — | +1.8% | -13.3% | — |
| North Gulch | $2,206 | $1,905 | $3,612 | -11.2% | — | — |
| North Nashville | $2,200 | — | — | — | — | — |
| Donelson - Hermitage - Old Hickory | $2,100 | — | — | — | — | — |
| Spring Hill | $2,045 | — | — | — | — | — |
| Edgehill | $2,015 | $2,229 | — | +1.5% | — | — |
| Music Row | $2,010 | $2,010 | — | +11.1% | -3.2% | — |
| Franklinsuburb | $1,985 | $1,699 | $2,017 | +6.5% | +13.1% | — |
| MetroCenter | $1,971 | $1,606 | $2,168 | +4.2% | — | — |
| Green Hills - Midtown | $1,850 | $1,500 | $2,175 | -24.5% | — | — |
| Tomorrow's Hope-TSU | $1,850 | $1,815 | $2,505 | +2.3% | — | — |
| Antioch - Priest Lake | $1,838 | — | — | — | — | — |
| Germantown | $1,833 | $1,809 | $2,347 | -3.6% | -0.8% | — |
| South Nashville | $1,828 | — | — | -10.4% | — | — |
| Midtown Nashville | $1,798 | $1,708 | $2,122 | -6.0% | -4.1% | — |
| Hendersonvillesuburb | $1,795 | $1,268 | $1,498 | +27.7% | — | — |
| East Nashville | $1,791 | $1,140 | $1,658 | +2.3% | — | — |
| Melrose-Waverly | $1,757 | $1,710 | $2,418 | -9.0% | — | — |
| Gallatin | $1,738 | — | — | +20.0% | — | — |
| West Meade | $1,715 | $1,563 | $1,723 | +2.4% | — | — |
| Murfreesborosuburb | $1,695 | $1,444 | $1,540 | +19.9% | — | — |
| Haynes Area | $1,693 | $1,645 | $2,030 | -16.8% | — | — |
| The Nations | $1,648 | $1,630 | — | — | +7.0% | — |
| West End Nashville | $1,606 | $1,602 | — | -12.6% | -0.4% | — |
| Bellevue | $1,580 | $1,440 | $1,695 | +6.3% | — | — |
| Northeast Nashville | $1,574 | $1,479 | $1,593 | +13.2% | — | — |
| Sylvan Park | $1,573 | $1,579 | — | — | — | — |
| Villages of Riverwood | $1,558 | — | — | -8.7% | — | — |
| Nashville | $1,552 | $1,525 | $1,980 | -2.9% | +16.9% | — |
| Dickerson Road | $1,544 | $1,450 | $1,881 | +6.9% | — | — |
| Hillwood | $1,540 | — | $1,519 | +1.0% | — | — |
| The Woodlands | $1,489 | — | $1,489 | — | — | — |
| Four Corners | $1,464 | — | — | +5.8% | — | — |
| Madison | $1,449 | $1,034 | $1,222 | — | — | — |
| Shadow Glen | $1,396 | — | — | -5.9% | — | — |
| Hermitage | $1,373 | $1,199 | $1,396 | +0.1% | +18.4% | — |
| Southeast Nashville | $1,372 | $1,276 | $1,580 | -5.6% | -3.9% | — |
| Talbot's Corner | $1,351 | — | — | — | — | — |
| McMurray | $1,161 | $1,161 | $1,100 | +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