Nashville, Tennessee Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Nashville, Tennessee rental market.
Nashville, Tennessee
Average Apartment Rent
$1,808
Y-o-Y Change in Average
Apartment Rent
-1.1%
As of March 2026
Compared to a year ago, Nashville, Tennessee apartments have recorded a -1.1% rent decrease.
Nashville, Tennessee Average apartment rent trend
Nashville, Tennessee Average Apartment Rent
Nashville, Tennessee Apartment rent ranges
At 38.05%, apartments priced $1,500 - $2,000 represent the bulk of Nashville, Tennessee rentals, while condos priced Under $1,000 hold the lowest share of the market – 3.05%.
Nashville, Tennessee Housing tenure**
Renters take up 46% of Nashville, Tennessee real estate, occupying a total of 134,950 units, while homeowners live in 156,934 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$51,720
Average household size of renter-occupied housing units**
2.15
Rental vacancy rate**
7.5%
Nashville, Tennessee Renter-occupied housing units by no. of bedrooms**
There are 54,331 rentals in Nashville, Tennessee with 2 beds making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 945 units. Overall, the median number of rooms in Nashville, Tennessee homes for rent is 4.1.
Nashville, Tennessee Renter-occupied units by age of householder**
Most condos for rent in Nashville, Tennessee are occupied by residents in the 25 - 34 years age group (37%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Nashville, Tennessee Renter-occupied housing units by family type**
Nashville, Tennessee Renter-occupied housing units by the presence of own children**
A total of 52,856 apartments for rent in Nashville, Tennessee, or 39% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 32,837 units. All in all, the median size of a renter-occupied household in Nashville, Tennessee is 2.15.
Nashville, Tennessee Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 41% of the rental market. In contrast, residents with less than a high school degree reside in 11% of the homes for rent in Nashville, Tennessee.
Nashville, Tennessee Renter-occupied units by year structure built**
The highest share of Nashville, Tennessee apartment rentals, namely 17% or 23,259 units, were Built 1980 - 1989, followed by those Built 2010 - 2019 (17%, 22,457 units), and the ones Built 1970 - 1979 (16%, 21,606 units).
Nashville, Tennessee Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Nashville, Tennessee renters (40%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Nashville, Tennessee condos for rent is 2018.
Nashville, Tennessee Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Nashville, Tennessee renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 12% have No vehicle available.
Nashville, Tennessee Means of transportation to work of householders living in renter-occupied housing units**
Nashville, Tennessee Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Nashville, Tennessee apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
