Albion Music Row
1501 McGavock St,
Nashville, TN 37203
Studio - 3 Beds | $1,679 - $7,237
Rental Market Trends in Nashville, TN
Updated August 2026
The average rent in Nashville, TN is $1,701/month.
Rent in Nashville is roughly equal to the national average rent of of $1,663/month.
$1,701/month
Average Rent
715 Sq Ft
Average Size
+0.3%
Change / Year
14,880
Available Apartments
Nashville rent varies by unit size and layout:
- Studio apartments in Nashville average $1,586 per month.
- One-bedroom apartments in Nashville average $1,701 per month.
- Two-bedroom apartments in Nashville average $2,072 per month.
- Three-bedroom apartments in Nashville average $2,564 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Nashville, TN?
In the past year, rent has increased by 0.3%, which averages out to $5 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Nashville, TN
August 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
4%
$700 - $1,000/month
34%
$1,001 - $1,500/month
35%
$1,501 - $2,000/month
26%
Above $2,000/month
Rent by Neighborhood
What are the most expensive neighborhoods in Nashville?
Based on current rent prices, SoBro, The District and Riverfront are the most expensive neighborhoods in Nashville.
Neighborhood
Average Rent
Average Sq Ft
Which Nashville neighborhoods have the most rentals available?
The neighborhoods in Nashville with the most apartments available are East Bank, Downtown Nashville and The Gulch .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Nashville, TN?
Because the average rent in Nashville is $1,701, you’ll want to make about $5,670 per month or $68,040 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.
Cost of Living
The cost of living in Nashville, TN is 1.4% lower than the national average. Generally, housing in Nashville is 1.9% more expensive than the national average, with rent falling between $1,586 - $2,564. You can expect to pay 0.2% more for groceries, 1.7% less for utilities, and 10.1% less for transportation.
How does Nashville, TN compare to other nearby cities and neighborhoods?
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.
View the Nashville Area GuideStudio
-
$1,862/month
One Bedroom
$1,097/month
$2,356/month
Two Bedroom
$1,480/month
$3,604/month
Three Bedroom
$1,775/month
$4,628/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Nashville We Think You'll Love
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Frequently Asked Questions
What is the average rent in Nashville?
The average rent in Nashville is $1,701 per month, which is 2.3% higher than the national average of $1,663.
What is the average rent for a house in Nashville?
The average rent for a house in Nashville, TN is $2,510 per month.
What is the average rent for a townhome in Nashville?
The average rent for a townhome in Nashville, TN is $1,882 per month.
What is the average rent for a condo in Nashville?
The average rent for a condo in Nashville, TN is $1,674 per month.
Are rents going up or down in Nashville?
Rents in Nashville, TN are increasing, with prices up 0.3% year-over-year and $5 more per month.
What rent range is most common in Nashville?
In Nashville, TN, 35% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
Methodology
† 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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.