Nashville Multifamily Market Report – September 2025

Market Overview

‍The multifamily market in Nashville is entering a stabilization phase as we move into Q3 2025. Average asking rent stands at about $1,653 per unit and occupancy sits near 92.2 percent. With 7,778 units absorbed year-to‐date and 7,659 units delivered, the development pipeline has declined to roughly 11,000 units, easing supply pressure and paving the way for balance into 2026.

‍About Yardi Matrix

‍Yardi Matrix is a data-driven research and analytics firm specializing in multifamily housing markets. Their Nashville market report integrates metro-level insights on rent trends, occupancy, new supply and investment activity to help owners, developers and investors evaluate timing, risk and strategic positioning. To read the full report, click here.