MARKET SNAPSHOT Nashville q3 2025

Market Overview

‍The Nashville, TN multifamily market is reaching an equilibrium point in Q3 2025 as net absorption of 7,778 units year-to-date narrowly outpaces 7,659 unit completions. Asking rent sits at about $1,653 per unit while occupancy hovers near 92.2%. Although rents fell slightly (-1.0% year-over-year), the under-construction pipeline has declined to roughly 11,000 units, easing future supply pressure and paving the way for stabilization into 2026.

‍About MMG

‍MMG Real Estate Advisors is a U.S.-based multifamily research and advisory firm focused on metro-level rental-housing markets. Their Q3 2025 Nashville market report brings together average rent, occupancy, absorption, completions and development pipeline data to help owners, developers and investors time decisions and assess strategic positioning. To read the full report, click here.