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Cheap Apartments for Rent in Nashville, TN - 454 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.

Look for cheap apartments near me

Finding the right apartment as far as size and location go is one aspect of apartment searching, but making sure that it provides all that you need within a reasonable price is another. On RENTCafé, you can search for cheap apartments near you and ensure that you find one that suites your needs. Worried the neighborhood or city you are looking to move to is known to have higher rents? You can browse our listings and find the cheap apartments in any location, whether you are looking at a specific neighborhood, ZIP code, or city.

The perfect apartment for you is out there, either near you or anywhere in the U.S. that you are looking to move to. So, let's find the one that satisfies your wants and needs, but that also comes at an affordable price.

Frequently Asked Questions

What is the price of a cheap apartment in Nashville, TN?

The price range of a cheap apartment is between $758 and $3,440. Find cheap apartments in Nashville, TN.

How many cheap rentals are available in Nashville, TN on RENTCafé?

There are 435 cheap rentals available on RENTCafé. Prices and availability in Nashville, TN were last updated on 26 Feb 2021.

What is the average size of a cheap apartment in Nashville, TN?

The average Nashville, TN cheap apartment size is 748 sq. ft.

What are the advantages of renting a cheap apartment in Nashville, TN?

Cheap apartments in Nashville, TN are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Nashville, TN?

A cheap apartment in Nashville, TN offers little storage space and fewer amenities compared to other apartments. You might be interested in studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in Nashville, TN.

Renting a Cheap Apartment in Nashville

The capital of Tennessee, Nashville is the Music City and if your internal radio is tuned right, you can probably hear those country rhythms heading your way already. Warm weather, lots of nightlife and an active college community with more than 20 area campuses make Nashville a vibrant and active place to spend time. Health care, the music recording and production industry and tourism are the major forces behind Nashville’s economy. Recreational opportunities include numerous area parks, the Cumberland River, Country Music Marathon, and more. Downtown Nashville is a hot spot for dining, bars, live music and other entertainment. The Grand Ole Opry, the longest-running radio show in the U.S. and a weekly live country music concert, makes its home in Nashville.

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%

    Looking for a cheap apartment for rent in Nashville, TN? With RENTCafé, finding an affordable apartment in Nashville, TN has never been easier. We feature 454 low-priced rentals directly from property managers, with rents lower than the Nashville, TN average. What is a cheap rent in Nashville, TN? The average apartment rent in Nashville is $1,394 per month so any rental south of $1,115 would be considered cheap here. On RENTCafé, Nashville, TN rents go as low as $766/mo.

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