Matrix Multifamily Nashville Report-January 2023 February 09, 2023

Nashville – Rent Growth Stalls

Nashville rents declined 0.1 percent on a T3 basis through November, with the average rent at $1,655, trailing the $1,719 national rate. However, on an annual basis gains were above the U.S. figure, and despite economic headwinds, investors spent $3.9 billion through November.