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Last updated September 17 2019 at 4:43 PM

55 Cheap Apartments for rent in Nashville, TN

Results within 5 miles of Nashville
Verified
Last updated September 17 at 03:26pm
5 Units Available
The Retreat at Indian Lake
908 Cardinal Lane, Hendersonville, TN
Studio
$818
300 sqft
1 Bedroom
$921
700 sqft
2 Bedrooms
$1,524
1000 sqft
Situated just northwest of Nashville in Hendersonville, TN, The Retreat at Indian Lake offers spacious apartments in a premier location.
Verified
Last updated September 17 at 04:25pm
13 Units Available
The Hamilton
100 Windsor Park Ln, Hendersonville, TN
1 Bedroom
$825
571 sqft
2 Bedrooms
$1,072
913 sqft
One- and two-bedroom units with spacious walk-in closets, wood burning fireplaces, and private patios. Residents have access to online portal for making payments and maintenance requests. Close to Old Hickory Lane.
Results within 10 miles of Nashville
Last updated September 17 at 02:46pm
1 Unit Available
305 Connell St
305 Connell Street, Springfield, TN
1 Bedroom
$850
550 sqft
Fully furnished 1 bedroom apartment in the Historic District of Springfield TN.
Last updated March 12 at 01:03am
1 Unit Available
2513 Memorial Blvd
2513 Memorial Boulevard, Springfield, TN
2 Bedrooms
$750
1017 sqft
Available 03.11.

September 2019 Nashville Rent Report

Welcome to the September 2019 Nashville Rent Report. Nashville rents remained steady over the past month. In this report, we'll evaluate trends in the Nashville rental market, including comparisons to cities throughout the state and nation.

View full Rent Report

September 2019 Nashville Rent Report

Welcome to the September 2019 Nashville Rent Report. Nashville rents remained steady over the past month. In this report, we'll evaluate trends in the Nashville rental market, including comparisons to cities throughout the state and nation.

Nashville rents held steady over the past month

Nashville rents have remained flat over the past month, however, they are up moderately by 2.8% year-over-year. Currently, median rents in Nashville stand at $944 for a one-bedroom apartment and $1,159 for a two-bedroom. Nashville's year-over-year rent growth leads the state average of 1.9%, as well as the national average of 1.5%.

    Rents rising across cities in Tennessee

    Throughout the past year, rent increases have been occurring not just in the city of Nashville, but across the entire state. Of the largest 10 cities that we have data for in Tennessee, 9 of them have seen prices rise. The state as a whole logged rent growth of 1.9% 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 $1,315; of the 10 largest cities in the state that we have data for, Kingsport, where a two-bedroom goes for $643, is the only major city to see rents fall year-over-year (-1.4%).
    • Murfreesboro, Hendersonville, and Nashville have all experienced year-over-year growth above the state average (3.3%, 3.2%, and 2.8%, respectively).

    Nashville rents more affordable than many similar cities nationwide

    As rents have increased moderately in Nashville, a few comparable cities nationwide have also seen rents grow modestly. Nashville is still more affordable than most other large cities across the country.

    • Nashville's median two-bedroom rent of $1,159 is slightly below the national average of $1,191. Nationwide, rents have grown by 1.5% over the past year compared to the 2.8% rise in Nashville.
    • While Nashville's rents rose moderately over the past year, many cities nationwide also saw increases, including Phoenix (+3.7%), Dallas (+2.0%), and New York (+1.7%).
    • Renters will find more reasonable prices in Nashville than most similar cities. For example, San Francisco has a median 2BR rent of $3,133, 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.

    City
    Median 1BR price
    Median 2BR price
    M/M price change
    Y/Y price change
    Nashville
    $940
    $1,160
    0
    2.8%
    Murfreesboro
    $940
    $1,150
    1.4%
    3.3%
    Franklin
    $1,070
    $1,310
    -0.3%
    1.1%
    Hendersonville
    $1,010
    $1,240
    -0.4%
    3.2%
    Smyrna
    $1,040
    $1,280
    0.6%
    3.1%
    Gallatin
    $870
    $1,060
    0.6%
    1.6%
    Goodlettsville
    $950
    $1,170
    0.4%
    1.1%
    See More

    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.

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