The median asking rent across 17 Nashville zip codes is $2,289/month, down 6.8% from a year ago.
No state income tax, strong job growth, and rents that vary dramatically by neighborhood. Half the city moved here for the bachelorette weekends and never left. The other half works in healthcare. Both groups pay rent.
Median Asking Rent
$2,289
Rent Change (YoY)
-6.8%
Avg Days on Market
51
Active Rental Listings
3,080
Median List Price
$550,000
Average across 17 zip codes
ZIP | Median Rent |
|---|---|
| 37205 | $3,300/mo |
| 37206 | $2,600/mo |
| 37209 | $2,585/mo |
| 37208 | $2,500/mo |
| 37203 | $2,495/mo |
| 37216 | $2,475/mo |
| 37207 | $2,300/mo |
| 37212 | $2,295/mo |
| 37204 | $2,200/mo |
| 37218 | $2,200/mo |
| 37013 | $2,195/mo |
| 37215 | $2,195/mo |
| 37221 | $2,150/mo |
| 37210 | $2,054/mo |
| 37211 | $1,900/mo |
| 37214 | $1,900/mo |
| 37217 | $1,500/mo |
Comps for any address in Nashville
Type the address, get the comps. No setup.
| Unit Size | Median Rent |
|---|---|
| Studio | $1,375/mo |
| 1 Bedroom | $1,350/mo |
| 2 Bedroom | $1,695/mo |
| 3 Bedroom | $2,750/mo |
| 4 Bedroom | $3,300/mo |
Aggregated median across all Nashville zip codes with available data.
| ZIP | Median List Price |
|---|---|
| 37215 | $1,599,000 |
| 37204 | $1,175,000 |
| 37205 | $1,099,000 |
| 37212 | $885,000 |
| 37206 | $725,000 |
| 37203 | $700,000 |
| 37209 | $625,000 |
| 37216 | $554,000 |
| 37208 | $550,000 |
| 37221 | $520,000 |
| 37210 | $499,900 |
| 37207 | $495,000 |
| 37218 | $489,900 |
| 37211 | $450,000 |
| 37214 | $414,900 |
| 37013 | $379,900 |
| 37217 | $344,900 |
| Unit Size | Fair Market Rent |
|---|---|
| Studio | $1,730/mo |
| 1 Bedroom | $1,820/mo |
| 2 Bedroom | $1,990/mo |
| 3 Bedroom | $2,540/mo |
| 4 Bedroom | $3,100/mo |
HUD publishes Fair Market Rents once a year for the Nashville metro area. Local housing authorities use them to set Section 8 voucher payment standards, usually 90% to 110% of the FMR.
The median asking rent across Nashville, TN sits at $2,289/month, pulled from active rental listings in 17 zip codes. That's down 6.8% from a year ago.
Rents aren't uniform across the city. ZIP 37205 tops the list at $3,300/month. ZIP 37217 comes in lowest at $1,500/month. That's a 120% 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 $1,350. 3-bedrooms come in around $2,750.
Listings take longer here. The average is 51 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 5.0% ($2,289/month against $550,000 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 15% 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.
City-wide medians are the headline. The comps that actually price a property come from the block it's on. Search any Nashville address to see them.
20 zip codes
15 zip codes
15 zip codes
20 zip codes
22 zip codes
22 zip codes
What rental comps actually are, what makes one good or weak, and how to use them to price a rental without guessing.
What HUD's fair market rent actually means, how it ties into Section 8, and when it should change how you price a rental.
A step-by-step approach to pricing a rental so it fills fast and doesn't leave money on the table.