Apartments in Capitol Hill Area Nashville

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31
$2,609
3311 W End Ave Nashville, TN
Studio | Available Now
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1
$3,200
2402 Hyde St Nashville, TN
3 BR | Available Now
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Buena Vista Heights
42
$2,700
Nashville, TN
3 BR | Available Now
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Buena Vista Heights
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$1,600
1021 Sharpe Ave Nashville, TN
2 BR | Available Now
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Nashville:
November Rent Report

Welcome to the November 2024 Nashville Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Nashville rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Nashville and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Nashville average rent prices in the chart below.

Monthly Rent Report

$1,900
$1,430
$950
$480
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Nashville Rent Prices Decrease From October to November

Nashville rent prices decreased over the last month. From October to November, the city experienced a -0.43% decrease for the price of a one-bedroom apartment. The rent price for a Nashville one-bedroom apartments currently stands at $1,619.0.

When we take a look at the two-bedroom comparison from October to November, Nashville experienced a -1.08% decrease for the price of a two-bedroom apartment. The rent price for a Nashville two-bedroom apartments currently stands at $1,744.0.

November Prices: Nashville vs. Surrounding Areas

Franklin, TN
Spring Hill, TN
Nashville, TN
Hendersonville, TN
White House, TN
Antioch, TN
Hermitage, TN
Madison, TN
$1,885
$1,689
$1,626
$1,437
$1,298
$1,263
$1,227
$912
$0
$650
$1,300
$1,950
$2,600
Median 1 BR Rent

Rent Prices in Nashville and Surrounding Areas

Rent prices have decreased in Nashville over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Nashville suburbs increased last month. On the other hand, 5 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Franklin, TN, Madison, TN .

  • Rent decreased in Hendersonville, TN, Hermitage, TN, Antioch, TN, Spring Hill, TN, White House, TN.

  • 2 suburbs are currently priced higher than the city of Nashville.

  • 5 suburbs are currently priced lower than the city of Nashville.

November 2024 Pricing Trends: Nashville vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Nashville, TN
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,211
$3,115
$2,373
$2,354
$1,903
$1,626
$1,338
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Nashville Rent Prices More Affordable Than Major Cities

Rent growth in Nashville over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Nashville average rent prices appear to be relatively affordable for local residents.

The price for a Nashville one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Nashville and surrounding area rent prices, take a look at the complete data set below.

Data set for Nashville and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
Nashville, TN $1,626.0 -0.12% $1,763.0 -1.18%
Franklin, TN $1,885.0 0.37% $2,255.0 -0.27%
Hendersonville, TN $1,437.0 -0.35% $1,669.0 -0.06%
Hermitage, TN $1,227.0 0.00% $1,490.0 0.74%
Antioch, TN $1,263.0 0.00% $1,438.0 -0.14%
Spring Hill, TN $1,689.0 -4.14% $1,874.0 1.13%
Madison, TN $912.0 0.66% $1,192.0 0.08%
White House, TN $1,298.0 -6.95% $1,662.0 -0.48%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.