Nashville-Davidson--Murfreesboro--Franklin, TN Metro Area: Median Gross Rent Trend
How Nashville-Davidson--Murfreesboro--Franklin, TN Metro Area's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$951
2023
$1,434
Total change
+$483
% change
+50.8%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $951 | — |
| 2019 | $1,073 | +$122 (12.8%) |
| 2020 | $1,135 | +$62 (5.8%) |
| 2021 | $1,211 | +$76 (6.7%) |
| 2022 | $1,346 | +$135 (11.1%) |
| 2023 | $1,434 | +$88 (6.5%) |