Apartments in Tomorrow's Hope Nashville

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3
$795 - 850
2135 15th Ave N Nashville, TN
1 BR | Available Now
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Air Conditioning
Disability Access
Buena Vista Heights
$1,100
1500 Cecilia Ave Nashville, TN
3 BR | Ask for Availability
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Air Conditioning
In Unit Laundry
Dishwasher
Buena Vista Heights
19
$3,800
Nashville, TN
4 BR | Available Now
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Dog Friendly
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Storage
Dishwasher
Jones
27
$1,800
Nashville, TN
1 BR | Available Now
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House
16
$2,200
Nashville, TN
3 BR | Available Now
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Cat Friendly
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Storage
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22
$1,250
1919 9th Ave N Nashville, TN
1 BR | May. 10, 2024
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Dog Friendly
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Jones
3
$2,700
Nashville, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
10
$1,500
Nashville, TN
1 BR | Jun. 1, 2024
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Dishwasher
$4,500
2113 Fairfax Ave Nashville, TN
5 BR | Available Now
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Dog Friendly
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House
21
$1,603 - 3,260
2101 Portland Ave Nashville, TN
Studio - 2 BR | Available Now
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Nashville:
May Rent Report

Welcome to the May 2024 Nashville Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Nashville rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Nashville and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Nashville average rent prices in the chart below.

Monthly Rent Report

$1,900
$1,430
$950
$480
$0
Mar. 2023
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
1 BR       2 BR

Nashville Rent Prices Decrease From April to May

Nashville rent prices decreased over the last month. From April to May, the city experienced a -1.05% decrease for the price of a one-bedroom apartment. The rent price for a Nashville one-bedroom apartments currently stands at $1,609.0.

When we take a look at the two-bedroom comparison from April to May, Nashville experienced a -0.33% decrease for the price of a two-bedroom apartment. The rent price for a Nashville two-bedroom apartments currently stands at $1,796.0.

May Prices: Nashville vs. Surrounding Areas

Brentwood, TN
Franklin, TN
Spring Hill, TN
Nashville, TN
Hendersonville, TN
Antioch, TN
Hermitage, TN
Madison, TN
$1,932
$1,867
$1,813
$1,606
$1,426
$1,265
$1,230
$942
$0
$650
$1,300
$1,950
$2,600
Median 1 BR Rent

Rent Prices in Nashville and Surrounding Areas

Rent prices have decreased in Nashville over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 3 of the Nashville suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Hermitage, TN, Spring Hill, TN, Brentwood, TN .

  • Rent decreased in Franklin, TN, Hendersonville, TN, Madison, TN, Antioch, TN.

  • 3 suburbs are currently priced higher than the city of Nashville.

  • 4 suburbs are currently priced lower than the city of Nashville.

May 2024 Pricing Trends: Nashville vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Nashville, TN
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,994
$3,038
$2,355
$2,347
$1,893
$1,606
$1,300
$1,264
$1,145
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Nashville Rent Prices More Affordable Than Major Cities

Rent growth in Nashville over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Nashville average rent prices appear to be relatively affordable for local residents.

The price for a Nashville one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Nashville and surrounding area rent prices, take a look at the complete data set below.

Data set for Nashville and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Nashville, TN $1,606.0 -0.19% $1,797.0 0.06%
Franklin, TN $1,867.0 -0.16% $2,175.0 0.14%
Hendersonville, TN $1,426.0 -0.14% $1,654.0 -0.12%
Hermitage, TN $1,230.0 0.24% $1,406.0 -0.50%
Madison, TN $942.0 -0.84% $1,166.0 3.55%
Spring Hill, TN $1,813.0 2.49% $1,908.0 1.65%
Antioch, TN $1,265.0 -0.16% $1,453.0 -1.16%
Brentwood, TN $1,932.0 0.89% $2,130.0 -0.93%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.