3 Apartments under 800 for rent in Gallatin, TN

Last updated July 18 at 1:38pm UTC
313 S Locust
Gallatin
Gallatin, TN
Updated July 17 at 2:42am UTC
1 Bedroom
$750
Results within 1 miles of Gallatin, TN
198 Cherokee Dock Rd.
Lebanon
Lebanon, TN
Updated July 7 at 6:56am UTC
2 Bedrooms
$725
Results within 5 miles of Gallatin, TN

July 2018 Gallatin Rent Report

Welcome to the July 2018 Gallatin Rent Report. Gallatin rents increased over the past month. In this report, we'll evaluate trends in the Gallatin rental market, including comparisons to cities throughout the state and nation.

View full Gallatin Rent Report
Rent Report
Gallatin

July 2018 Gallatin Rent Report

Welcome to the July 2018 Gallatin Rent Report. Gallatin rents increased over the past month. In this report, we'll evaluate trends in the Gallatin rental market, including comparisons to cities throughout the state and nation.

Gallatin rents increased slightly over the past month

Gallatin rents have increased 0.2% over the past month, and have increased moderately by 3.1% in comparison to the same time last year. Currently, median rents in Gallatin stand at $880 for a one-bedroom apartment and $1,080 for a two-bedroom. This is the fourth straight month that the city has seen rent increases after a decline in February. Gallatin's year-over-year rent growth leads the state and national averages, which both stand at 1.4%.

Rents rising across cities in Tennessee

Throughout the past year, rent increases have been occurring not just in the city of Gallatin, but across the entire state. Of the largest 10 cities that we have data for in Tennessee, all of them have seen prices rise. The state as a whole logged rent growth of 1.4% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Franklin is the most expensive of all Tennessee's major cities, with a median two-bedroom rent of $1,300; of the 10 largest Tennessee cities that we have data for, all have seen rents rise year-over-year, with Smyrna experiencing the fastest growth (+4.4%).
  • Hendersonville, Knoxville, and Murfreesboro have all experienced year-over-year growth above the state average (4.4%, 4.3%, and 3.5%, respectively).

Gallatin rents more affordable than many large cities nationwide

As rents have increased moderately in Gallatin, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Gallatin is still more affordable than most large cities across the country.

  • Gallatin's median two-bedroom rent of $1,080 is below the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the 3.1% increase in Gallatin.
  • While Gallatin's rents rose moderately over the past year, some cities nationwide saw decreases, including Seattle (-2.0%) and Minneapolis (-0.1%).
  • Renters will find more reasonable prices in Gallatin than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than two-and-a-half times the price in Gallatin.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Nashville $920 $1,130 0.7% 0.5%
Murfreesboro $880 $1,080 -0.1% 3.5%
Franklin $1,060 $1,300 1.1% 3.2%
Hendersonville $990 $1,220 0.4% 4.4%
Smyrna $930 $1,140 1.2% 4.4%
Gallatin $880 $1,080 0.2% 3.1%
Goodlettsville $940 $1,160 -0.4% 2.1%

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.