Albion Music Row
1501 McGavock St,
Nashville, TN 37203
$1,630 - $7,492 Total Monthly Price
Studio - 3 Beds
Rental Market Trends in Nashville, TN
What is the average rent in Nashville, TN?
$1,677/month
Average Rent
716 Sq Ft
Average Apartment Size
-2.8%
Decrease in the Last Year
As of May 2026, the average rent in Nashville, TN is $1,677 per month. For comparison, the national average rent price in the US is currently $1,642/month, which means Nashville rent prices are 2% higher than the national average. When you rent an apartment in Nashville, you can expect to pay about $1,541 per month for a studio, $1,677 for a one-bedroom apartment, and around $2,066 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,596 or more.
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 2.8%, which averages out to $47 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 May 2026
Legend
2025
2026
Rent Ranges in Nashville, TN
Last Updated May 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
5%
$700 - $1,000/month
35%
$1,001 - $1,500/month
36%
$1,501 - $2,000/month
24%
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 $1,677, you’ll want to make about $5,590 per month or $67,080 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 $1,541 - $2,596. 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
-
$1,924/month
One Bedroom
-
$2,368/month
Two Bedroom
-
$3,749/month
Three Bedroom
-
$4,677/month
Nearby City Rent Trends
Apartment communities in Nashville we think you'll love
Property Management Companies in Nashville, TN
Greystar
-
3,507
Communities
-
965,041
Units
-
893
Cities
50 Communities in Nashville
Elmington Capital
-
145
Communities
-
23,940
Units
-
75
Cities
45 Communities in Nashville
Freeman Webb
-
77
Communities
-
15,619
Units
-
23
Cities
24 Communities in Nashville
Willow Bridge
-
709
Communities
-
196,250
Units
-
336
Cities
22 Communities in Nashville
RPM
-
652
Communities
-
180,587
Units
-
259
Cities
16 Communities in Nashville
Brookside Properties
-
139
Communities
-
24,385
Units
-
59
Cities
15 Communities in Nashville
Volunteer Properties
-
52
Communities
-
5,639
Units
-
21
Cities
14 Communities in Nashville
Schatten Properties
-
15
Communities
-
3,613
Units
-
7
Cities
11 Communities in Nashville
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
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 February 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.