Nashville Rent Report — September 2024
A permanent record of Nashville rents for September 2024 from the Abode Rent Index. These figures are final.
This month in Nashville
As of September 2024, the median asking rent in Nashville, TN is $1,959 per month, up +14.0% from a year earlier.
Advertised net-effective rent — asking less advertised concessions — is $1,926, a median discount of +1.7% ($33/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 Germantown (+33.3%), Hillwood (+20.9%), The Nations (+20.4%).
Downtown Franklin is the most expensive area tracked at $3,680 median, while Hermitage is the most affordable at $1,266.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, September 2024
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| Downtown Franklinsuburb | $3,680 | — | $3,691 | — | — | — |
| Nations | $3,498 | — | — | — | — | — |
| Downtown Nashville | $2,736 | $2,194 | — | -14.7% | — | — |
| Green Hills | $2,673 | — | $2,650 | -7.4% | — | — |
| Green Hills - Midtown | $2,500 | $1,513 | $2,099 | -10.7% | — | — |
| West Nashville | $2,432 | — | — | +22.4% | — | — |
| Spring Hill | $2,398 | — | — | +17.1% | — | — |
| North Nashville | $2,395 | — | — | 0.0% | — | — |
| The Gulch | $2,307 | $2,166 | $3,407 | +3.8% | -21.5% | — |
| SoBro | $2,288 | — | — | -3.8% | — | — |
| Mount Juliet | $2,250 | — | — | -1.4% | — | — |
| Germantown | $2,220 | $1,983 | $2,628 | +28.9% | +33.3% | — |
| North Gulch | $2,195 | $1,910 | $3,466 | -23.8% | +1.3% | — |
| Haynes Area | $2,002 | — | $2,002 | +15.6% | — | — |
| Talbot's Corner | $1,903 | — | — | +42.7% | — | — |
| Music Row | $1,859 | $1,915 | — | -15.7% | +3.9% | — |
| Donelson - Hermitage - Old Hickory | $1,850 | — | $1,550 | -3.9% | — | — |
| Tomorrow's Hope-TSU | $1,850 | — | — | -23.5% | — | — |
| Franklinsuburb | $1,836 | $1,647 | $1,860 | -2.8% | -2.8% | — |
| Bellevue | $1,833 | $1,184 | $1,418 | -2.0% | — | — |
| East Nashville | $1,811 | $1,140 | $1,877 | -16.0% | — | — |
| Antioch - Priest Lake | $1,795 | — | — | -8.7% | — | — |
| Midtown Nashville | $1,780 | $1,778 | $1,985 | +8.0% | -2.9% | — |
| Hillwood | $1,769 | $1,464 | $1,999 | +4.1% | +20.9% | — |
| Hendersonvillesuburb | $1,755 | $1,298 | $1,420 | +4.0% | — | — |
| MetroCenter | $1,732 | $1,646 | $2,080 | +0.3% | -0.5% | — |
| Melrose-Waverly | $1,729 | $1,621 | $2,510 | +0.4% | +12.8% | — |
| West Meade | $1,700 | — | $1,813 | -2.1% | +14.6% | — |
| The Nations | $1,684 | $1,678 | — | +3.6% | +20.4% | — |
| Murfreesborosuburb | $1,669 | $1,378 | $1,537 | -2.2% | — | — |
| Cedarwood Courtyard | $1,584 | — | — | — | — | — |
| Nashville | $1,580 | $1,343 | $1,590 | -2.4% | +14.3% | — |
| Goodlettsvillesuburb | $1,579 | — | — | +5.3% | — | — |
| Madison | $1,549 | $1,004 | — | +7.8% | — | — |
| Northeast Nashville | $1,541 | $1,312 | $1,585 | -16.9% | -0.9% | — |
| Gallatin | $1,519 | $1,348 | $1,510 | -10.6% | — | — |
| West End Nashville | $1,486 | $1,477 | — | -4.6% | -11.7% | — |
| Shadow Glen | $1,464 | — | — | +1.1% | — | — |
| The Woodlands | $1,461 | — | $1,469 | -0.3% | — | — |
| Dickerson Road | $1,439 | $1,505 | $1,347 | +1.8% | -46.1% | — |
| South Nashville | $1,387 | $2,080 | — | -19.6% | — | — |
| Sylvan Park | $1,377 | $1,377 | — | — | — | — |
| Southeast Nashville | $1,372 | $1,150 | $1,408 | +8.7% | +18.6% | — |
| Hermitage | $1,266 | $1,199 | $1,431 | -9.5% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology