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Music City supply pipeline is the largest per-capita in the U.S. Rent stabilizing in 2024 with absorption strong. This page combines HUD Fair Market Rent anchors, ApartmentList-derived vacancy estimates, and CBRE-tier cap-rate benchmarks into one landlord-focused view.
Music City supply pipeline is the largest per-capita in the U.S. Rent stabilizing in 2024 with absorption strong.
Vacancy is currently 8.7% with a year-over-year rent change of -1.2%. Rent direction is negative. Underwrite to flat year-2 rent and require deal-level cap rates at or above the metro mid-band.
For deal-level analysis, the cap-rate calculator uses our Tier 1 benchmark (mid 5.6% for single-family). The cash-flow analyzer will give you a full P&L including debt service.
| Bedrooms | Median rent | Estimated range |
|---|---|---|
| Studio | $1,547 | $1,330 – $1,795 |
| 1 BR | $1,620 | $1,393 – $1,879 |
| 2 BR | $1,776 | $1,527 – $2,060 |
| 3 BR | $2,270 | $1,952 – $2,633 |
| 4 BR | $2,768 | $2,380 – $3,211 |
Anchored to HUD FMR for ZIP 37206, aged forward from 2025-10-01 with BLS CPI Shelter (+3.2% / yr, July 2026). Use the estimator below for a different ZIP within Nashville.
This city's raw HUD FY2026 2BR FMR placed among the 15 prebuilt metros in markets.json. One vintage point — not a fabricated history.
Pre-filled for ZIP 37206. Change any field to re-estimate.
The HUD-anchored median 2-bedroom rent in Nashville is approximately $1,776 with year-over-year growth of -1.2%. Individual rents vary widely by submarket and property condition — use the Rent Estimator above for a ZIP-specific number.
Nashville sits in our Tier 1 group with an estimated cap rate band averaging 5.6% for single-family rentals and a vacancy rate of 8.7%. Music City supply pipeline is the largest per-capita in the U.S. Rent stabilizing in 2024 with absorption strong.
Single-family rental cap rates in Nashville typically land near 5.6%, with a metro-tier band drawn from CBRE survey ranges. Run the Cap Rate Calculator for a specific deal.
Year-over-year rent change is -1.2%. Forward 12-month projection blends recent metro trend with BLS shelter CPI. Use the LandlordIQ /get_rent_growth endpoint for the live projection.
No (TN state preemption). Notice to vacate: 30 days. Security deposit cap: No statutory cap. TN URLTA caps late fees at 10% of monthly rent past 5-day grace. Plain-English summary, not legal advice.
Data: HUD Fair Market Rents (FY2026, public, revised county file). Vacancy and rent growth are estimated blends of public datasets clearly labeled. Cap rate band is the Tier 1 benchmark from our benchmarks dataset. Regulation summary is editorial — not legal advice. See methodology.