GITNUX MARKETDATA REPORT 2024

Statistics About The Average Rent In Nashville

The average rent in Nashville is around $1,500 per month, with increases seen year over year.

In this post, we will analyze the average rent prices in Nashville based on various neighborhoods and property types. With statistics ranging from the cost of one-bedroom apartments in different areas to insights on rent trends and comparisons to the national average, you will gain a comprehensive understanding of the current rental landscape in Music City. Let’s dive into the data to uncover how much it truly costs to rent a place in Nashville.

Statistic 1

"New apartment developments in East Nashville are pushing average rents over $1,800 per month for a one-bedroom."

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Statistic 2

"The West End/Vanderbilt neighborhood has among the highest rents in Nashville, with average prices around $1,950 for a one-bedroom."

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Statistic 3

"The average rent for a one-bedroom apartment in Nashville is approximately $1,400 per month."

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Statistic 4

"The average rent for a studio apartment in Nashville is approximately $1,200 per month."

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Statistic 5

"Affordable single-room apartments can still be found in Nashville's older downtown areas for around $1,000 per month."

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Statistic 6

"The suburb of Antioch, within the Nashville metropolitan area, has more affordable rent, averaging around $1,200 for a one-bedroom."

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Statistic 7

"Sylvan Park, a trending neighborhood in Nashville, has an average rent of $1,750 for a two-bedroom apartment."

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Statistic 8

"Nashville's rent prices have increased by around 5% over the past year."

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Statistic 9

"Green Hills neighborhoods have some of the highest rent averages, with one-bedroom apartments going for around $2,000 per month."

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Statistic 10

"The average rent for a three-bedroom apartment in Nashville is roughly $2,200 per month."

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Statistic 11

"Rent for apartments in downtown Nashville tends to be higher, averaging around $2,000 per month for a one-bedroom."

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Statistic 12

"The median rent for apartments in Nashville is currently about $1,600 per month."

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Statistic 13

"An apartment in The Gulch, a modern district in Nashville, averages about $2,300 per month for a one-bedroom unit."

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Statistic 14

"Music Row neighborhood tends to be pricier, with rents averaging $1,850 for a one-bedroom apartment."

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Statistic 15

"The average rent in Nashville for a five-bedroom house is approximately $3,500 per month."

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Statistic 16

"The average rent for a two-bedroom apartment in Nashville is about $1,800 per month."

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Statistic 17

"The rent prices in Nashville are higher than the national average, which is around $1,200."

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Statistic 18

"Nashville's rent is expected to climb by another 3% over the next year."

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Statistic 19

"The median rent for condos in Nashville is approximately $1,700 per month."

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Statistic 20

"More than 35% of Nashville residents rent their homes, compared to the national average of 31%."

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In conclusion, the Nashville rental market is diverse, with varying price ranges across different neighborhoods. While areas like East Nashville and West End/Vanderbilt command higher rents for one-bedroom apartments, more affordable options can still be found in downtown areas and suburbs like Antioch. The overall trend shows an increase in rent prices over the past year, with predictions of further growth in the near future. Nashville’s rental landscape caters to a significant portion of renters, surpassing the national average in terms of rental prevalence.

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