Nashville, TN Rental Market
Nashville is one of the Southeast's most dynamic rental markets, powered by a booming healthcare sector anchored by HCA Healthcare, a rapidly expanding tech scene, and the country music industry that draws residents and tourism year-round. Tennessee's lack of a state income tax makes Nashville a top destination for corporate relocations and remote workers from higher-tax states, sustaining strong rental demand across all price points.
Get a rent estimate for an address in NashvilleAverage Rent in Nashville, TN
$1,750
per month · 2026-06
Market Score
Key Facts — Nashville, TN Rental Market
- Average rent in Nashville, TN:$1,750/mo
- Median rent:$1,610/mo
- Rent range:$875 – $3,850/mo
- Most common rental (2 bedrooms):$1,550/mo
- Active listings:2,800
- Avg days to lease:26 days
- Year-over-year change:+3.5%
- Median home value:$380,000
- Est. gross annual yield:5.5%
- Data as of:2026-06
Rent by Bedroom in Nashville, TN
Average monthly rent for each bedroom type based on current active listings in Nashville.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,250/mo |
2 Bedrooms | $1,550/mo |
3 Bedrooms | $1,950/mo |
4 Bedrooms | $2,425/mo |
5 Bedrooms | $2,775/mo |
Nashville Rental Market Statistics
Key indicators from the current Nashville, TN rental market.
2,800
Available now in Nashville
26
From list to lease
$1.30
Average across listings
1,350 sq ft
Typical rental size
$875 – $3,850
Min to max active listings
+3.5%
Avg rent vs. prior year
Investing in Nashville, TN Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$380,000
Typical purchase price in Nashville
Est. Gross Annual Yield
5.5%
Before expenses & vacancy
Avg Monthly Income
$1,750
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Nashville for a full cash-flow breakdown including all costs.
Nashville, TN Rental Market FAQ
Common questions about renting and investing in Nashville, TN.
What is the average rent in Nashville, TN?
The average rent in Nashville, TN is $1,750 per month as of 2026. One-bedroom apartments average $1,250/mo, two-bedrooms average $1,550/mo, and three-bedroom homes average $1,950/mo. Rents in neighborhoods like Germantown, East Nashville, and the Gulch run above these averages, while outer suburbs offer lower price points.
Is Nashville, TN a good place to invest in rental property?
Nashville offers solid fundamentals for rental investors, with a 5.5% estimated gross annual yield and consistent 3–4% year-over-year rent growth. A deeply diversified economy spanning healthcare, technology, music, and tourism provides a multi-segment tenant base. Tennessee's no-income-tax advantage continues to drive corporate relocation, underpinning long-term demand.
How competitive is the Nashville, TN rental market?
Nashville is one of the most active rental markets in the South, with over 2,800 active listings and an average of just 26 days on market. Desirable neighborhoods like 12South, Belmont, and East Nashville move especially fast, often drawing multiple applications within days of listing.
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