Is Nashville Affordable for Renters? [2025]

Yes, Nashville is relatively affordable for renters in 2025, and currently the cost of living is only 4.7% higher than the national average. Currently, the citywide median rent is $1,422, which is only $20 more than the national median rent average of $1,402.

According to Best Places, Nashville residents only spend an average of 2% higher than the national average on groceries and approximately 0.7% more on transportation.

When considering the living expenses of most households, Nashville is one of the more affordable major metropolitan areas in the U.S., especially for those seeking access to live music and Southern cuisine.

What Are the Current Trends in Nashville’s Rental Market?

Nashville’s rental market is experiencing a slight but steady decline in rent prices across the city. As of mid-year, the median rent across all unit sizes is $1,422, just above the national average of $1,402.

When considering the wider Nashville metro area, rent prices are similar, with a median rent of $1,408, indicating that Nashville’s rent prices are only 1% higher.

Demand for rentals has been growing in recent years, but the city has been meeting this demand by building tens of thousands of new apartment units. This has contributed to lower rent prices and enough housing stock for all the newcomers.

Experts predict that the market will remain stable due to the increase in new rental units, which will help keep rent growth steady.

Average Rent Prices in Nashville, TN

Rental prices are influenced by factors such as square footage, location, and the age of the building. For a better idea of what renters are paying, here’s a look at the average rent prices for studios, one-, two-, and three-bedroom apartments across the city.

What Is the Average Rent of a One-Bedroom Apartment in Nashville?

As of August 2025, the average rent for a one-bedroom apartment in Nashville is $1,840. Several factors, including amenities, building age, and square footage, determine rent prices. Newer apartment complexes in popular areas, such as Downtown Nashville, typically have higher rates, especially if they offer amenities like in-unit laundry, parking, pools, or fitness centers.

Neighborhoods like Talbot’s Corner, which is just north of the city center, offer rentals at lower prices, with an average rent price of $1,045 for a one-bedroom apartment, which is significantly lower than the citywide average. Renters in Talbot’s Corner can save up to 43% in rent.

What Is the Average Rent of a Two-Bedroom Apartment in Nashville?

As of August 2025, the average rent for a two-bedroom apartment in Houston is $2,292, which is 4.5% more expensive than the national average of $2,194.

Two-bedroom units are a highly sought-after commodity in most rental markets because they offer more space and cost-saving opportunities for roommates, small families, and renters who require a dedicated office or guest room.

How Much Rent Can I Afford in Nashville, TN?

Currently, the citywide average rent price is below the national average. Nashville’s average rent price for all unit sizes is $2,017, compared to the national average of $2,102—a savings of $85 for Nashville renters.

Here’s how Nashville compares in 2025:

*Cost of Living Index (U.S. average = 100) data sourced from BestPlaces.

Nashville is cheaper than other nearby large metropolitan cities, such as Atlanta, Georgia, but cities like Columbus, Ohio, are more affordable for residents. Nashville offers a relatively low cost of living in most categories while still offering some of the country’s best live music and other benefits, such as major employers and diverse neighborhoods.

As you shop around for your new rental, keep your budget in mind with these popular rent-to-income rules.

The 30% Rule

The 30% rule is a standard budgeting tip to live by. It states that you shouldn’t spend more than 30% of your pre-tax income on housing costs. For example, if you earn $6,000 per month, you can afford to spend $1,800 on rent.

The 50/30/20 Rule

Another budgeting tool, the 50/30/20 framework, also divides your income and indicates how much you can afford to spend on rent. Your income is split into three categories: 50% for needs, 30% for wants, and 20% for future or past you (savings, investments, debt payoff).

Rent is in the “needs” category, along with other expenses like health insurance, groceries, and transportation. If you make $6,000 per month, you’d have around $3,000 to cover all your needs, including rent.

The 3x Rent Rule

The 3x rent rule is more for landlords than renters, but you’ll need to know it to see if you qualify for a rental unit. Landlords prefer your gross monthly income (before taxes) to be at least three times the rent. So, if you’re applying for an apartment that costs $1,200 per month, you should earn at least $3,600 a month.

How Does the Overall Cost of Living in Houston Compare to the National Average?

Overall, Nashville’s cost of living is slightly above the national average by 4.7%, making it an appealing large U.S. city. Housing costs are almost exclusively the driver of these higher costs, which are 17.1% above the national average. Two other categories contributing to the higher cost of living are transportation (0.7% above the national average) and groceries (2% above the national average).

Other costs, such as healthcare, utilities, and miscellaneous expenses, are a bit lower.

Are Utilities and Other Expenses Affordable in Nashville?

Nashville’s utility bills are typically lower than the national average.

A standard electricity bill is approximately $134 per month, which is about 9.6% less than the national average. Gasoline averages $17.93 per month, which is also lower than the national average.

According to Numbeo, Internet with 60 Mbps or more costs approximately $69.01 per month, and a basic monthly mobile phone plan with 10GB of data is $78.83 per month.

How Does the Cost of Renting Vary By Neighborhood in Houston?

Nashville’s rent prices vary by neighborhood. Below is a quick overview of average rent prices across popular Nashville neighborhoods to help you find the right area for your lifestyle.

Rent in Nashville’s Cheapest Neighborhoods

To keep rental costs low, consider moving to Nashville neighborhoods where prices are below the city’s average.

White Bridge

Located just west of downtown, White Bridge offers renters affordable housing mixed with quick access to Nashville’s key employment opportunities. Apartments in the area typically have updated amenities and a slightly lower price point than other, more central neighborhoods. The area’s cultural diversity is reflected in its mix of international grocery stores, local restaurants, and small businesses.

Renters who want community, convenience, and international flavors may opt for rental units in White Bridge. Nearby, you’ll find retail corridors to meet all of your needs and access to Interstate 40, making it ideal for commuters and busy working professionals.

Talbot’s Corner

Talbot’s Corner, north of downtown, is known for its suburban feel and growing residential developments. It offers some of the lowest average rents in the city while still maintaining access to shopping, schools, and neighborhood amenities. Many renters here are drawn to the spacious layouts and the potential for quieter, more family-oriented living.

The neighborhood appeals to those who want value and stability. With strong community ties, nearby parks, and several schools, Talbot’s Corner is a natural choice for families and renters who want suburban charm while staying within reach of Nashville’s core..

Edgehill

Edgehill sits just south of downtown, giving renters immediate access to both city life and outdoor amenities. Apartments and townhomes in this area tend to be more affordable than those in the heart of downtown, while still offering walkability to dining, shopping, and green spaces. Its proximity to Belmont University and Music Row also draws a younger population.

The neighborhood has seen new development alongside long-standing local businesses, creating a mix of modern and historic. Edgehill is ideal for renters seeking a lively atmosphere with access to parks and commercial spaces, but without the premium downtown prices.

Charlotte Park

Charlotte Park, on the city’s west side, has been rapidly transforming from a quiet residential pocket into a hub of new apartments, shops, and restaurants. While rents have risen in response to demand, they remain below the city average and offer good value compared to neighboring Sylvan Park or The Nations.

With greenway access and convenient commuting routes, Charlotte Park blends residential calm with urban growth. Renters who want to be part of a neighborhood on the rise — without paying top-tier prices — will find this area especially appealing.

Rent in Nashville’s Most Expensive Neighborhoods

If you’re willing to spend a bit more on housing, several Nashville neighborhoods offer premium amenities and lifestyles. Here are some of the pricier neighborhoods in Nashville.

SoBro

SoBro (short for “South of Broadway”) is one of Nashville’s liveliest urban districts, where new luxury high-rises tower above honky-tonks, restaurants, and performance venues. With sleek apartments, rooftop pools, and skyline views, it’s a hotspot for renters who want an upscale lifestyle in the heart of the action.

Beyond its modern amenities, SoBro puts residents steps from the Country Music Hall of Fame, Bridgestone Arena, and the bustle of Broadway. It’s best for those who thrive on entertainment, nightlife, and city energy — but are willing to pay for convenience and excitement.

Downtown Nashville

Downtown Nashville blends history with modern living. Historic brick warehouses have been converted into lofts, while new apartment towers bring luxury finishes and high-end amenities. Residents enjoy the walkability to iconic music venues, local restaurants, and Nashville’s financial and government centers, making it popular with professionals who want to live close to their workplace.

The neighborhood has a distinct charm, with cobblestone streets and preserved architecture set against a backdrop of modern development. For renters who want to be at the center of Nashville’s cultural and business heartbeat, downtown offers a lifestyle that’s both dynamic and convenient.

Germantown

Germantown combines 19th-century character with 21st-century trendiness. Known for its historic brick townhomes and leafy streets, the neighborhood has evolved into a culinary destination with some of the city’s most celebrated restaurants and cafés. Modern apartment complexes blend seamlessly with restored architecture, offering renters an eclectic mix of old and new.

Germantown also benefits from easy access to Bicentennial Capitol Mall State Park and the Nashville Farmers’ Market, making it especially attractive to those who want a walkable neighborhood with green spaces. Germantown is ideal for renters who value a mix of style, history, and vibrant food culture.

Music Row

Music Row is synonymous with Nashville’s identity as “Music City.” Anchored by historic recording studios and record label offices, the neighborhood continues to attract industry professionals, students, and creatives. While more residential options have emerged in recent years, the area retains its reputation as the hub for anyone connected to Nashville’s music business.

Renters here enjoy proximity to Midtown, Belmont University, and a growing selection of bars and restaurants catering to young professionals. For those working in entertainment or seeking to immerse themselves in the city’s cultural heartbeat, Music Row offers a one-of-a-kind lifestyle at a premium price.

What is a Comfortable Salary for a Renter in Nashville?

To comfortably afford Nashville’s median rent of $1,422 using the 30% rule, you’d have to earn around $56,892 per year (or $4,741 per month) before taxes. This estimate aligns with MIT’s living wage estimates for the Nashville area, which is approximately $53,090 for one adult. Keep in mind that these estimates depend on your fixed expenses and lifestyle and vary from family to family.

That said, many Nashvillians can make their lifestyle work on a lower salary. Opting for affordable neighborhoods like Talbot’s Corner, choosing a studio over a one-bedroom apartment, or finding roommates to share a two-bedroom or three-bedroom apartment can help ease financial burdens.

Are There Hidden Costs to Renting in Nashville?

Yes, there are other “extras” that pop up and may catch renters unawares. Make a solid budget and account for these hidden costs of renting. Here’s what renters should keep in mind:

• Renter’s insurance: Tennessee residents spend an average of $13 per month on renter’s insurance.
• Application & admin fees: Application fees vary but may cost between $30 and $150 for processing, and often $100 to $200 for administrative costs.
• Parking & building amenities: Reserved parking spots typically cost between $50 and $150/month. Other apartment amenities, such as an on-site pool, gym, or storage, may add extra charges.
• Pet fees: If you are moving into a pet-friendly building, you will likely need to pay a pet deposit of $200–$400 per pet, in addition to a monthly pet rent of $15–$50.
• Moving costs: Moves within Nashville typically range from $400 to $2,000, while full-service movers charge between $100 and $200 per hour, with long-distance moves costing thousands.
• Security deposits: Tennessee laws do not dictate a maximum security deposit, allowing landlords to charge as much as they want. Typically, security deposits are one to two months' worth of rent.

Add these fees to your budget and look out for any add-ons, such as valet trash, pest control, package handling, as these are often added to the lease without renters realizing.

What Are the Best Ways to Save on Rent in Nashville?

If you’re hoping to save on rent in Nashville, there are a few strategies that will help you save the most:

1. Find Local Housing Resources

Nashville offers a variety of rental assistance programs through agencies such as the Metropolitan Development and Housing Agency and Household Assistance through the Nashville and Davidson County offices. Programs like this may support renters with deposits, short-term subsidies, utility support, or rent assistance, especially during times of financial struggle.

2. Take Advantage of Lease Terms

If you’re willing to move during less busy seasons, such as fall to late winter, landlords may be willing to negotiate rent rates. Ask about any move-in deals, waived application fees, or free parking.

3. Consider a House Share or Roommates

Currently, the average rent for a two-bedroom in Nashville is $2,292. Splitting rent in half, or in thirds if you’re willing to shack up with more roomies, the utility bills and rent become much less expensive.

4. Prioritize Value Over Amenities

Instead of focusing on luxury amenities (unless that’s really your priority), focus on what will add value to your day-to-day life. Things like a shorter commute, quick access to high-quality/affordable grocery stores, safe transit routes, and more can offer better convenience and long-term savings.

5. Budget for Upfront Expenses

Four to six months before your move, add items to your budget such as application fees, movers, security deposits, pet fees, and other moving-related expenses. Set up a “moving fund” to pay for all these expenses so you don’t have to worry about where the money will come from.

6. Learn More About Tennessee Tenant Laws

Understanding your rights as a tenant can help you avoid bad leases and hidden fees. Tennessee laws state that there is no maximum security deposit. Negotiate security deposit amounts with potential landlords before signing a lease.

Find an Apartment in Nashville, TN

Skip the doomscrolling and get matched with the perfect rental in popular areas like Downtown Nashville or Germantown. Take Apartment Lists’ personalized quiz to find your matches, whether you’re focusing on pet-friendly amenities, commute times, or a specific move-in timeline.

Is Nashville Affordable for Renters?: FAQs

Is renting cheaper than buying a home in Nashville?

Yes, many renters will save money by renting, especially in the short term. At the same time, home prices in Nashville are relatively affordable, but there are other costs to consider, such as homeowners' insurance, property taxes, and other maintenance/upkeep. Renting offers more flexibility than purchasing a home.

Is Nashville’s rental market competitive?

Nashville’s rental market can be competitive during peak times such as the summer months, but new construction means most renters can find a new home. Listings in popular areas like SoBro, Germantown, and Downtown Nashville may rent out quickly, so if you’re looking for an apartment in these popular areas, we recommend finding and applying for apartments quickly.

What’s a livable wage in Nashville?

According to MIT’s Living Wage Calculator, a single adult in Nashville should earn $25.52/hour, approximately $48,998 yearly, to cover basic living expenses. Households with more family members can expect higher monthly costs.

What if I can’t afford rent in Nashville, TN?

If rent doesn’t look affordable based on your salary, consider small rental units such as studios or living with roommates to share costs. Some neighborhoods are more affordable than others, and consider areas like White Bridge and Talbot’s Corner.

You can also move during the winter months to take advantage of move-in specials or discounted rent prices.

Are utilities typically included in rent in Nashville?

No, utilities aren’t usually included in Nashville rentals. Check with your landlord when signing the lease about what’s included in the rent. Some may include internet and trash, while other units may require you to pay separately.