Nashville rents and rental comps

The median asking rent across Nashville, TN sits at $2,255/month, pulled from active rental listings in 17 zip codes. That's down 2.6% from a year ago.

Rents aren't uniform across the city. ZIP 37205 tops the list at $2,925/month. ZIP 37217 comes in lowest at $1,640/month. That's a 78% spread between the top and bottom zip codes, which is wide. City-wide averages won't tell you much about a specific property here.

A 2-bedroom rents for $1,695/month at the median. 1-bedrooms run about $1,395. 3-bedrooms come in around $2,750.

Listings take longer here. The average is 47 days on market, which gives renters more room to negotiate and means landlords should price carefully.

Rent-to-price math is tight in Nashville. The gross figure sits at about 4.8% ($2,255/month against $565,000 median price). Most investors here are betting on appreciation, not monthly cash flow.

HUD's Fair Market Rent for a 2-bedroom in the Nashville metro is $1,990/month. City-wide asking rents run about 13% above that. Section 8 vouchers in this area often don't cover market rent without an exception payment standard.

Nashville's economic base sits on healthcare, music, and a growing tech scene. No state income tax keeps pulling people in from higher-cost states. The Gulch and Midtown are premium. Investors looking for cash flow tend to work south and east of downtown. Watch the short-term rental situation: the city tightened STR rules, and a bunch of Airbnb inventory got pushed back into long-term, adding supply in certain neighborhoods. A one-bedroom in 37203 and a one-bedroom in 37211 are different markets. City-wide averages don't tell you much.

These numbers are city-wide averages. If you're pricing a specific property in Nashville, pull comps from the same zip code. The spread is usually bigger than people expect.