Albion Music Row
1501 McGavock St,
Nashville, TN 37203
$1,414 - $7,237 Total Monthly Price
Studio - 3 Beds
Rental Market Trends in Nashville, TN
What is the average rent in Nashville, TN?
$1,690/month
Average Rent
715 Sq Ft
Average Apartment Size
-2.4%
Decrease in the Last Year
Nashville, TN Rental Market Overview
The average rent in Nashville, TN is $1,690 per month. For comparison, the national average rent price in the US is currently $1,645/month, which means Nashville rent prices are 3% higher than the national average.
- Studio apartments in Nashville average $1,557 per month.
- One-bedroom apartments in Nashville average $1,690 per month.
- Two-bedroom apartments in Nashville average $2,069 per month.
- Three-bedroom apartments in Nashville average $2,608 or more per month.
Data Updated: June, 2026
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Nashville, TN?
In the past year, rent has decreased by 2.4%, which averages out to $40 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2026
Legend
2025
2026
Rent Ranges in Nashville, TN
Last Updated June 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
5%
$700 - $1,000/month
33%
$1,001 - $1,500/month
36%
$1,501 - $2,000/month
25%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Nashville?
Based on current rent prices, Cloverhill, Piccadilly Square and Glengarry are the most affordable neighborhoods in Nashville.
Neighborhood
Average Rent
Average Sq Ft
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 Downtown Nashville, East Bank 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 $1,690, you’ll want to make about $5,633 per month or $67,596 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 1.6% lower than the national average. Generally, housing in Nashville is 2.1% more expensive than the national average, with rent falling between $1,557 - $2,608. You can expect to pay 0.1% more for groceries, 3.2% less for utilities, and 9.8% 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.
Studio
-
$1,797/month
One Bedroom
-
$2,345/month
Two Bedroom
-
$3,568/month
Three Bedroom
-
$4,617/month
Nearby City Rent Trends
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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.