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 +9.0% 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 19 days and 13,744 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 $3,209 median, while Southeast Nashville is the most affordable at $1,281.
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 | $3,209 | $2,475 | $2,987 | +57.0% | — | — |
| Green Hills | $2,888 | $2,060 | — | -1.2% | — | — |
| Green Hills - Midtown | $2,800 | $1,495 | $2,400 | +51.4% | — | — |
| North Gulch | $2,789 | $1,762 | $3,242 | +9.8% | — | — |
| The District | $2,695 | $2,695 | — | — | — | — |
| North Nashville | $2,395 | — | — | +8.9% | — | — |
| The Gulch | $2,291 | $2,187 | $2,680 | +1.8% | +8.3% | — |
| Mount Juliet | $2,283 | — | — | — | — | — |
| Tomorrow's Hope-TSU | $2,191 | $1,815 | $2,490 | +12.5% | — | — |
| East Nashville | $2,162 | $1,140 | $1,999 | +22.4% | — | — |
| West Nashville | $2,054 | — | $1,832 | -35.9% | — | — |
| Spring Hill | $2,048 | — | — | +0.1% | — | — |
| SoBro | $2,033 | $1,900 | $3,045 | -3.0% | — | — |
| Music Row | $1,993 | — | — | +3.8% | — | — |
| Antioch - Priest Lake | $1,965 | — | — | +6.9% | — | — |
| Donelson - Hermitage - Old Hickory | $1,925 | — | — | -8.3% | — | — |
| Franklinsuburb | $1,888 | $1,673 | $1,975 | -5.5% | +14.3% | — |
| Bellevue | $1,859 | $1,329 | $1,503 | +17.7% | — | — |
| Northeast Nashville | $1,859 | $1,411 | $1,922 | +7.8% | — | — |
| Melrose-Waverly | $1,832 | $1,690 | — | -9.6% | — | — |
| MetroCenter | $1,786 | $1,769 | $1,849 | -12.5% | +10.7% | — |
| South Nashville | $1,761 | $1,814 | — | -12.7% | — | — |
| Hillwood | $1,756 | $1,474 | $1,999 | +10.0% | +43.4% | — |
| Germantown | $1,743 | $1,730 | $2,487 | -8.0% | -2.5% | — |
| Midtown Nashville | $1,726 | $1,726 | — | -12.3% | -17.2% | — |
| West Meade | $1,716 | $1,538 | — | -1.8% | +10.3% | — |
| Pie Town | $1,715 | — | — | — | — | — |
| Murfreesborosuburb | $1,696 | $1,473 | $1,583 | -0.5% | — | — |
| Hendersonvillesuburb | $1,687 | $1,283 | $1,580 | -6.0% | — | — |
| Gallatin | $1,686 | — | $1,512 | -3.0% | — | — |
| Haynes Area | $1,637 | $1,625 | — | -14.8% | — | — |
| Music Valley | $1,633 | $1,633 | — | — | — | — |
| The Nations | $1,626 | $1,599 | — | -1.3% | — | — |
| Nashville | $1,578 | $1,250 | $1,636 | +13.2% | -2.3% | — |
| West End Nashville | $1,537 | $1,533 | — | -3.0% | -26.2% | — |
| Goodlettsvillesuburb | $1,499 | — | — | — | — | — |
| Dickerson Road | $1,468 | $1,465 | $1,795 | -8.5% | -38.9% | — |
| The Woodlands | $1,465 | — | $1,469 | +7.3% | — | — |
| Shadow Glen | $1,456 | — | $1,646 | +3.8% | — | — |
| Hermitage | $1,453 | $1,183 | $1,546 | +1.2% | +8.5% | — |
| Four Corners | $1,449 | $1,254 | $1,631 | -1.0% | — | — |
| Madison | $1,437 | — | — | -0.8% | — | — |
| Talbot's Corner | $1,334 | $1,000 | $1,351 | -1.3% | — | — |
| Southeast Nashville | $1,281 | $1,203 | $1,439 | -6.6% | -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