3 Apartments under 600 for rent in Nashville, TN

Last updated September 24 at 1:43AM
Results within 20 miles of Nashville, TN
1425 Hatter Rd
Franklin
Franklin, KY
Updated September 21 at 6:04PM
Studio
$225
601 Beechcroft rd
Spring Hill
Spring Hill, TN
Updated August 18 at 2:55AM
Studio
$525
215 N Baird Ln
Murfreesboro
Murfreesboro, TN
Updated September 24 at 1:43AM
1 Bedroom
$575
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Rent Report
Nashville

September 2017 Nashville Rent Report

Welcome to the September 2017 Nashville Rent Report. Nashville rents increased over the past month. In this report, we'll evaluate trends in the Nashville rental market, including comparisons to similar cities nationwide.

Nashville rents increased slightly over the past month

Nashville rents have increased 0.3% over the past month, and are up 0.5% in comparison to the same time last year. Currently, median rents in Nashville stand at $920 for a one-bedroom apartment and $1,130 for a two-bedroom. This is the sixth straight month that the city has seen rent increases after a decline in February. Nashville's year-over-year rent growth lags the state average of 2.4%, as well as the national average of 3.0%.

Nashville rents more affordable than many similar cities nationwide

Rent growth in Nashville has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Nashville is still more affordable than most comparable cities across the country.

  • Nashville's median two-bedroom rent of $1,130 is slightly below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 0.5% rise in Nashville.
  • While rents in Nashville remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
  • Renters will find more reasonable prices in Nashville than most other 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 Nashville.

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.

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.