Downtown Nashville, Nashville, TN Rental Market Trends
Last updated: August 31, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Nashville is $2,626, a 2.07% decrease compared to the previous year, when the average rent was $2,681.
Studio Apartments at $1,888 offer the most budget-friendly option with 574 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 734 square feet for $2,231, balancing privacy and affordability.
Two-bedroom units at $3,570 offer 1,167 square feet, perfect for roommates or small families.
Average rent in Downtown Nashville, Nashville, TN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,626 | 859 sq. ft. |
| Studio | $1,888 | 574 sq. ft. |
| 1 Bed | $2,231 | 734 sq. ft. |
| 2 Beds | $3,570 | 1,167 sq. ft. |
| 3 Beds | n/a | n/a |
Downtown Nashville, Nashville, TN rent trends
Rental prices in Downtown Nashville, Nashville, TN have decreased by 2.07% over the past year. The average rent moved from $2,681 to $2,626.
What's the typical rent budget in Downtown Nashville, Nashville, TN?
The largest share of rentals in Downtown Nashville, Nashville, TN (32%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Downtown Nashville, Nashville, TN?
1,264 or 78% of the households in Downtown Nashville, Nashville, TN are renter-occupied while 349 or 22% are owner-occupied.
Most affordable neighborhoods in Downtown Nashville?
Elysian Park $1,097/month
Patricia Heights $1,134/month
Caldwell Hall $1,144/month
All of these neighborhoods fall below the city wide average of $1,864/month.Most expensive neighborhoods in Downtown Nashville?
8th Avenue South $2,623/month
Downtown Nashville $2,626/month
Demonbreun Hill $2,859/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Nashville, TN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Demonbreun Hill | $2,859 |
| Downtown Nashville | $2,626 |
| 8th Avenue South | $2,623 |
| Edgehill | $2,548 |
| SoBro | $2,503 |
| The Gulch | $2,499 |
| Rolling Mill Hill | $2,370 |
| Robertson | $2,351 |
| North Capitol - Sulphur Dell - Market District | $2,322 |
| Midtown - Vanderbilt University | $2,267 |
| Germantown | $2,261 |
| Green Hills | $2,157 |
| West End - West End Circle | $2,151 |
| Music Row | $2,052 |
| Berry Hill | $2,042 |
| West End Park | $2,024 |
| Preston Taylor | $1,985 |
| Metro Center | $1,948 |
| East Hill | $1,910 |
| Woodland - in - Waverly | $1,902 |
| Sylvan Park | $1,895 |
| Hope Gardens | $1,868 |
| Wedgewood - Houston | $1,839 |
| Hillsboro Village - Hillsboro West End | $1,828 |
| Elliston Place | $1,821 |
| Fisk | $1,821 |
| The Nations | $1,770 |
| Buena Vista | $1,699 |
| Bellevue | $1,686 |
| Watkins Park | $1,663 |
| Melrose | $1,660 |
| Maxwell Heights | $1,616 |
| Spence Lane | $1,588 |
| Hillwood | $1,581 |
| Inglewood | $1,540 |
| Talbot's Corner | $1,535 |
| Valley Brook | $1,516 |
| Hillwood Heights | $1,508 |
| Lennox Village | $1,496 |
| Glencliff | $1,494 |
| Crieve Hall | $1,489 |
| Charlotte Park | $1,486 |
| Donelson | $1,454 |
| Glengarry Park | $1,377 |
| Southern Hills | $1,375 |
| White Bridge | $1,375 |
| Cayce | $1,371 |
| Plus Park | $1,370 |
| Whispering Hills | $1,352 |
| Nashboro Village | $1,331 |
| Woodbine | $1,331 |
| Williams Bend | $1,327 |
| Haywood Acres | $1,287 |
| Four Maples | $1,253 |
| Copperfield Terrace | $1,237 |
| McMurray - Huntingdon | $1,230 |
| Capitol View | $1,224 |
| Oakhill | $1,153 |
| Caldwell Hall | $1,144 |
| Patricia Heights | $1,134 |
| Elysian Park | $1,097 |
Nashville | Rent Comparison by Neighborhood
Rent in Downtown Nashville is 1% higher than in 8th Avenue South
Downtown Nashville rent is the same as Nashville average
8th Avenue South rent is 1% lower than Nashville average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Nashville apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.