Nashville Rent Report — December 2024
A permanent record of Nashville rents for December 2024 from the Abode Rent Index. These figures are final.
This month in Nashville
As of December 2024, the median asking rent in Nashville, TN is $1,834 per month, down +6.2% from a year earlier.
Advertised net-effective rent — asking less advertised concessions — is $1,788, a median discount of +2.5% ($46/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 Southeast Nashville (+15.8%), Hillwood (+14.5%), The Gulch (+7.9%).
Downtown Nashville is the most expensive area tracked at $2,975 median, while Hermitage is the most affordable at $1,243.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, December 2024
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| Downtown Nashville | $2,975 | $2,274 | $8,155 | +23.6% | — | — |
| North Gulch | $2,636 | $2,078 | $3,663 | +8.9% | — | — |
| Green Hills | $2,350 | $1,870 | $2,650 | -20.5% | — | — |
| Green Hills - Midtown | $2,300 | — | — | -7.6% | — | — |
| Tomorrow's Hope-TSU | $2,288 | $1,830 | $2,380 | -6.2% | — | — |
| The Gulch | $2,241 | $2,133 | — | -7.9% | +7.9% | — |
| RiverNorth | $2,207 | $2,134 | $2,696 | -2.1% | — | — |
| East Nashville | $2,101 | — | — | +9.1% | — | — |
| Spring Hill | $2,100 | — | — | -1.9% | — | — |
| West Nashville | $2,073 | $1,508 | $1,950 | -2.5% | — | — |
| Madison | $2,060 | — | — | -2.4% | — | — |
| Edgehill | $2,003 | — | — | +24.6% | — | — |
| Parkwood - Union Hill | $1,983 | — | — | — | — | — |
| SoBro | $1,975 | $1,975 | — | +25.9% | — | — |
| Donelson - Hermitage - Old Hickory | $1,950 | — | — | -7.1% | — | — |
| Bellevue | $1,940 | $1,223 | $1,529 | +12.6% | — | — |
| Antioch - Priest Lake | $1,860 | — | — | -6.8% | — | — |
| Franklinsuburb | $1,832 | $1,680 | $1,812 | -8.3% | -4.6% | — |
| Germantown | $1,824 | $1,788 | $2,617 | -2.7% | +1.2% | — |
| Northeast Nashville | $1,795 | — | $1,795 | +8.1% | — | — |
| Hendersonvillesuburb | $1,791 | $1,229 | $1,469 | +1.7% | — | — |
| Midtown Nashville | $1,753 | $1,712 | $2,693 | -5.7% | +1.5% | — |
| Music Row | $1,737 | $1,737 | — | -3.7% | -15.7% | — |
| Music Valley | $1,692 | — | — | -3.1% | — | — |
| South Nashville | $1,686 | $1,707 | — | -6.1% | — | — |
| Murfreesborosuburb | $1,661 | $1,239 | $1,497 | +3.4% | — | — |
| Gallatin | $1,632 | $1,299 | $1,535 | -6.5% | — | — |
| Haynes Area | $1,595 | $1,562 | $2,009 | -20.7% | -5.3% | — |
| West Meade | $1,556 | $1,433 | $1,563 | -6.9% | -2.3% | — |
| West End Nashville | $1,554 | $1,541 | — | -15.1% | -10.8% | — |
| Nashville | $1,549 | $1,288 | $1,597 | +12.6% | -6.5% | — |
| MetroCenter | $1,528 | $1,465 | $1,944 | -7.8% | -6.9% | — |
| The Woodlands | $1,502 | — | — | +12.3% | — | — |
| Villages of Riverwood | $1,489 | — | — | -0.1% | — | — |
| Dickerson Road | $1,485 | $1,485 | — | -18.4% | — | — |
| North Nashville | $1,475 | — | — | -35.7% | — | — |
| Hillwood | $1,473 | $1,314 | $1,499 | +1.2% | +14.5% | — |
| Cedarwood Courtyard | $1,464 | — | — | — | — | — |
| Talbot's Corner | $1,384 | — | — | -43.4% | — | — |
| Southeast Nashville | $1,368 | $1,153 | $1,416 | +8.8% | +15.8% | — |
| Sylvan Park | $1,364 | $1,369 | — | — | — | — |
| The District | $1,356 | $1,449 | — | -12.6% | -2.0% | — |
| Melrose-Waverly | $1,322 | $1,314 | $1,732 | -8.8% | -7.1% | — |
| Hermitage | $1,243 | $1,236 | $1,369 | -15.1% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology