Nashville Rent Report — August 2024
A permanent record of Nashville rents for August 2024 from the Abode Rent Index. These figures are final.
This month in Nashville
As of August 2024, the median asking rent in Nashville, TN is $1,945 per month, down +5.5% from a year earlier.
Advertised net-effective rent — asking less advertised concessions — is $1,916, a median discount of +1.5% ($29/month) off asking.
In Nashville right now, the average listing leases in 21 days and 13,037 rentals are actively listed.
Green Hills - Midtown is the most expensive area tracked at $2,800 median, while Talbot's Corner is the most affordable at $1,334.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, August 2024
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| Green Hills - Midtown | $2,800 | — | $2,448 | +37.4% | — | — |
| The District | $2,695 | $2,695 | — | — | — | — |
| Downtown Nashville | $2,625 | $2,475 | $2,987 | +28.4% | — | — |
| Green Hills | $2,614 | $2,060 | — | -10.5% | — | — |
| The Gulch | $2,400 | $2,205 | $2,680 | -0.3% | — | — |
| North Gulch | $2,259 | $1,762 | $3,108 | -8.8% | — | — |
| North Nashville | $2,248 | — | — | — | — | — |
| SoBro | $2,150 | $1,900 | $3,045 | -3.0% | — | — |
| West Nashville | $2,042 | — | $1,817 | — | — | — |
| Antioch - Priest Lake | $2,005 | — | — | — | — | — |
| Music Row | $1,993 | — | — | +3.8% | — | — |
| East Nashville | $1,990 | $1,140 | $1,999 | +18.2% | — | — |
| Spring Hill | $1,985 | — | — | — | — | — |
| Melrose-Waverly | $1,956 | $1,690 | — | -9.0% | — | — |
| Tomorrow's Hope-TSU | $1,930 | $1,815 | $2,490 | +1.3% | — | — |
| Donelson - Hermitage - Old Hickory | $1,850 | — | — | — | — | — |
| Franklinsuburb | $1,808 | $1,670 | $1,970 | -9.1% | — | — |
| Northeast Nashville | $1,804 | $1,411 | $1,922 | +7.0% | — | — |
| MetroCenter | $1,800 | $1,769 | $1,849 | -1.7% | — | — |
| Pie Town | $1,792 | — | — | — | — | — |
| Germantown | $1,785 | $1,762 | $2,522 | -7.3% | — | — |
| Midtown Nashville | $1,730 | $1,730 | — | -14.5% | — | — |
| West Meade | $1,716 | $1,538 | — | +1.3% | — | — |
| South Nashville | $1,714 | $1,814 | — | -11.1% | — | — |
| Murfreesborosuburb | $1,681 | $1,473 | $1,596 | -1.4% | — | — |
| Hillwood | $1,674 | $1,474 | $1,999 | +8.0% | — | — |
| Hendersonvillesuburb | $1,656 | $1,283 | $1,580 | +14.7% | — | — |
| The Nations | $1,649 | $1,599 | — | -0.9% | — | — |
| Haynes Area | $1,648 | $1,625 | — | -14.0% | — | — |
| Music Valley | $1,633 | $1,633 | — | — | — | — |
| Nashville | $1,550 | $1,261 | $1,660 | +11.3% | — | — |
| Shadow Glen | $1,545 | — | $1,901 | +2.6% | — | — |
| West End Nashville | $1,540 | $1,533 | — | -3.6% | — | — |
| Bellevue | $1,519 | $1,329 | $1,503 | -3.9% | — | — |
| Goodlettsvillesuburb | $1,499 | — | — | — | — | — |
| Dickerson Road | $1,470 | $1,465 | $1,795 | -4.2% | — | — |
| The Woodlands | $1,462 | — | $1,469 | +7.1% | — | — |
| Four Corners | $1,449 | $1,254 | $1,631 | -1.0% | — | — |
| Gallatin | $1,434 | — | $1,512 | -17.5% | — | — |
| Hermitage | $1,378 | $1,204 | $1,553 | +0.6% | — | — |
| Madison | $1,350 | — | — | +28.0% | — | — |
| Southeast Nashville | $1,350 | $1,203 | $1,433 | -7.3% | — | — |
| Talbot's Corner | $1,334 | $1,000 | $1,351 | -1.3% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology