Nashville rental market: Publish-pandemic housing traits persist

The rental market pendulum within the better Nashville area is swinging again in favor of the renter. Ever so barely.

Months after residents skilled all-time highs, the common hire for a one-bedroom condo is now at $1,582, in line with, which tracks costs in a dozen main cities throughout the Sunbelt area. Hire is greater in Nashville’s city core, the Nashville Downtown Partnership discovered, at $2,382 for a median condo of 811 sq. toes.

Over the previous 12 months, rents are down about 0.8% within the Nashville area, leaving luxury-brand landlords extra keen to supply new tenants reductions and different concessions — as a lot as 4 months free hire.

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