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 $2,300 per month, up 0.0% from a year earlier.
In Nashville right now, the average listing leases in 20 days and 7,924 rentals are actively listed.
The fastest-rising neighborhoods year over year are Hillwood (+43.4%), Franklin (+14.3%), MetroCenter (+10.7%).
Downtown Nashville is the most expensive area tracked at $3,800 median, while Southeast Nashville is the most affordable at $1,202.
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 |
|---|---|---|---|---|---|---|
| Downtown Nashville | $3,800 | — | — | +39.4% | — | — |
| North Gulch | $3,394 | — | $3,394 | +44.9% | — | — |
| Green Hills | $3,000 | — | — | 0.0% | — | — |
| East Nashville | $2,860 | — | $1,950 | +23.8% | — | — |
| Nations | $2,750 | — | — | -16.5% | — | — |
| The District | $2,695 | $2,695 | — | — | — | — |
| Green Hills - Midtown | $2,550 | $1,500 | $2,400 | +16.5% | — | — |
| Tomorrow's Hope-TSU | $2,490 | $1,815 | $2,490 | +37.2% | — | — |
| West Nashville | $2,425 | — | $1,850 | -20.4% | — | — |
| North Nashville | $2,300 | — | — | -8.5% | — | — |
| Mount Juliet | $2,290 | — | — | +1.8% | — | — |
| Bellevue | $2,248 | — | — | -4.3% | — | — |
| The Gulch | $2,167 | $2,167 | — | +3.5% | +8.3% | — |
| Gallatin | $2,165 | — | — | +13.9% | — | — |
| Parkwood - Union Hill | $2,098 | — | — | -6.8% | — | — |
| Hendersonvillesuburb | $2,088 | — | — | -4.4% | — | — |
| Spring Hill | $2,070 | — | — | -1.4% | — | — |
| Donelson - Hermitage - Old Hickory | $1,998 | — | $1,745 | -9.2% | — | — |
| Music Row | $1,993 | — | — | -0.8% | — | — |
| Franklinsuburb | $1,980 | $1,677 | $1,980 | -2.0% | +14.3% | — |
| Antioch - Priest Lake | $1,965 | — | — | -1.4% | — | — |
| Northeast Nashville | $1,922 | $1,411 | $1,922 | +20.1% | — | — |
| SoBro | $1,900 | $1,900 | $3,045 | -3.1% | — | — |
| Murfreesborosuburb | $1,880 | — | $1,517 | -3.6% | — | — |
| Madison | $1,873 | — | $1,335 | -2.1% | — | — |
| Hillwood | $1,849 | $1,474 | $1,999 | +21.7% | +43.4% | — |
| South Nashville | $1,814 | $1,814 | — | -3.4% | — | — |
| MetroCenter | $1,769 | $1,769 | $1,849 | -18.4% | +10.7% | — |
| Midtown Nashville | $1,722 | $1,722 | — | -0.6% | -17.2% | — |
| West Meade | $1,716 | $1,538 | — | -0.4% | +10.3% | — |
| Germantown | $1,706 | $1,706 | $2,448 | -5.0% | -1.8% | — |
| Melrose-Waverly | $1,690 | $1,690 | — | -1.2% | — | — |
| Music Valley | $1,633 | $1,633 | — | — | — | — |
| Haynes Area | $1,625 | $1,625 | — | -1.2% | — | — |
| Nashville | $1,609 | $1,238 | $1,609 | +5.5% | -2.3% | — |
| The Nations | $1,599 | $1,599 | — | -1.9% | — | — |
| Hermitage | $1,539 | $1,159 | $1,539 | +5.8% | +8.5% | — |
| West End Nashville | $1,533 | $1,533 | — | -3.8% | -26.2% | — |
| The Woodlands | $1,469 | — | $1,469 | -1.3% | — | — |
| Dickerson Road | $1,465 | $1,465 | $1,795 | -6.0% | -38.9% | — |
| Shadow Glen | $1,355 | — | $1,355 | +1.5% | — | — |
| Southeast Nashville | $1,202 | $1,202 | $1,446 | -5.8% | -14.6% | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology