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Apartments for Rent in Nashville, TN under $1200 – 584 Rentals available

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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
    /

    Check out the average rent prices in Nashville by neighborhood.

    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%

    Search for apartments in Nashville, TN under $1,200

    There’s more than one way to spend $1,200 on rent in Nashville, TN, so the first step is to start thinking about what you really want from your new home. Be mindful of what makes you tick. Look for 2 bedroom apartments for rent for less than $1,200 if you want to share your living space and don’t mind being further away from the city center. Search for 3 bedroom apartments if you’re moving in with family or planning to share part of your life and living expenses with more friends. If city bustle is what you live for, you might want to search for a studio or 1 bedroom apartment closer to the city center.

    The perfect $1,200 rental near you

    Don’t dismiss the idea of a studio just because it sounds small and featureless: studios come in many shapes and sizes, and it only takes a few strikes of creativity to go from drab to lively. If an all-in-one-room apartment spells total lack of privacy for you, have a look at the 1 bedroom apartments for rent in Nashville, TN. Customize your search by using more RENTCafé filters. Decide what amenities you can’t live without and focus your search on the apartments that offer them. Are you bringing in a pet? Narrow your options to pet-friendly apartments for rent. Want more windows so that natural light floods your home? Hardwood floors or plush carpet in the living area? There are 69 apartments for rent below $1,200 in Nashville, TN for every taste. Decide what you need, stay focused, and you’re bound to find your perfect apartment in no time.

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