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Apartments for Rent in Nashville, TN under $1000 – 241 Rentals available


Nashville’s average rent reached $1,394 in January

Nashville’s average rent reached $1,394 in January after a 2.2% decrease since last year. With a renter share of 44%, Nashville is a desirable place to live and work in, with apartment prices above the national average of $1,392. [View Full Report]

Nashville apartment rent report

Nashville’s average rent was $1,394 in January

Nashville’s average rent reached $1,394 in January after a 2.2% decrease since last year. With a renter share of 44%, Nashville is a desirable place to live and work in, with apartment prices above the national average of $1,392.

The average rent for an apartment in Nashville saw a smaller decrease compared to Franklin ($1,443), where prices went down by 4.7% since last year. On the other hand, in Murfreesboro ($1,176), rent went up by 1.8%.

Nashville apartment rent report

What it costs to rent in the largest renter hubs in the Nashville area

The city with the largest renter share is Murfreesboro (46%), followed by Nashville, where there is a 44% renter share. Lebanon, with an average rent of $1,116, has the third largest share of renters (40%) and has experienced a rent increase of 3% since January 2020. In Smyrna, where 40% of the population are renters, the average rent is $1,106, going up by 0.7% in the past year. Apartments in Goodlettsville, where 37% of residents are renters, cost $1,188 per month, an increase of 4.3% in one year.

The priciest and cheapest cities for renters in the Nashville area

Franklin is the priciest city for renters in the Nashville area, with apartments renting for $1,443 per month. The average rent for apartments in Mount Juliet is $1,439, the second most expensive, while Nashville ($1,394) comes in third.

For renters in search of budget-friendly apartments, Smyrna's $1,106 average rent is the cheapest in the Nashville area followed by Lebanon's $1,116 rate. Gallatin rentals are the third least pricey on the list, with a $1,166 average rent.

Nashville apartment rent report

Methodology

RENTCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States. 

The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.

Nashville, TN Demographics

  • Total Population455,514
  • Female 218,860
    Male 236,653
  • Median Age33

Average Rent in Nashville, TN

  • Nashville, TN Average Rental Price, December 2020 $1,399 /mo

    Nashville, TN Apartment Rent Ranges

    • $501-$7001%
    • $701-$1,00019%
    • $1,001-$1,50049%
    • $1,501-$2,00020%
    • > $2,00010%

    Nashville, TN Rent Trends

    Average Rent Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Dec / 2020
    Nashville, TN $1,288 $1,280 $1,283 $1,320 $1,352 $1,343 $1,406 $1,432 $1,439 $1,415 $1,399
    National $1,373 $1,378 $1,381 $1,418 $1,428 $1,432 $1,468 $1,475 $1,477 $1,464 $1,462
    /

    Nashville, TN Households

    • Total Number of Households190,191
    • Family 100,509
      Non-family 89,682
    • Children 47,865
      No Children 142,327
    • Average People Per Household2.32
    • Median Household Income$60,380
    • Median Housing Costs Per Month$1,190

    Nashville, TN Education Statistics

    • No High School4%
    • Some High School33%
    • Some College24%
    • Associate Degree6%
    • Bachelor Degree32%

    Renting apartments in Nashville, TN under $1,000

    Are you looking for a smart space where you can easily combine comfort with convenience? You will surely find the property that perfectly fits your needs with this variety of options. RENTCafé offers you 241 apartments for rent in Nashville, TN from 42 modern buildings, so you’ll certainly find something suitable for you. If you want to live alone or with your partner, you might want to look for a studio or browse through our selection of 1 bedroom apartments. If you need more space but you don’t want to spend more than necessary on a monthly rent, check out our 2 bedroom or 3 bedroom apartments for less than $1,000, and make the most out of your budget.

    Finding the best rental near you

    Nashville, TN is an amazing place to call home, with several rentals under $1,000 for you to choose from. There are many options and filters you can apply to your search to make the process easier and to find your next apartment faster and more efficiently. Asking yourself ‘are there any cheap apartments near me’? With our helpful filters, you can easily find the home of your dreams that also fits within your budget. With rent prices as low as $796 in Nashville, TN, you can find affordable and appealing apartments that match your requirements. Sort your search by ‘Rent’ ascending to see the cheapest ones at the top of the list. As soon as you find your perfect apartment, make sure to contact the property to check for availability or apply online directly on RENTCafé.

    Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!