Albion in the Gulch
645 Division St,
Nashville, TN 37203
$1,670 - $6,833
Studio - 3 Beds
$1,648/month
Average Rent
717 Sq Ft
Average Apartment Size
-2.3%
Decrease in the Last Year
As of December 2025, the average rent in Nashville, TN is $1,648 per month. For comparison, the national average rent price in the US is currently $1,632/month, which means Nashville rent prices are 1% higher than the national average. When you rent an apartment in Nashville, you can expect to pay about $1,511 per month for a studio, $1,648 for a one-bedroom apartment, and around $2,013 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,423 or more.
In the past year, rent has decreased by 2.3%, which averages out to $37 less per month.
Based on current rent prices, Lincoya Bay Townhomes, Kingswood Park and Spence Lane are the most affordable neighborhoods in Nashville.
Based on current rent prices, Colonial Heights, The District and SoBro are the most expensive neighborhoods in Nashville.
The neighborhoods in Nashville with the most apartments available are Downtown Nashville, East Bank and The Gulch .
Because the average rent in Nashville is $1,648, you’ll want to make about $5,493 per month or $65,916 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
The cost of living in Nashville, TN is 1.8% lower than the national average. Generally, housing in Nashville is 1.6% more expensive than the national average, with rent falling between $1,511 - $2,423. You can expect to pay 0.2% less for groceries, 4.1% less for utilities, and 10.4% less for transportation.
Use the tool below to compare Nashville, TN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.
* Percentages may not total 100 due to rounding.