Nashville Renters Enjoy Lower Housing Costs

Rents in the Nashville metro area declined 2.1% year-over-year in November 2025, easing after years of rapid growth but affordability remains strained. Two minimum-wage earners would need to work about 83 hours weekly to afford median rent. Nationally, rents fell 1% year-over-year, marking 28 months of decline, yet remain 17.2% above pre-pandemic levels. Renting is still cheaper than buying, though the gap is narrowing due to lower mortgage rates.