Nashville Multifamily Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Northmarq, Lee & Associates
Quarterly multifamily market indicators for Nashville, aggregated by CREhunt from Northmarq, Lee & Associates. As of Q1 2026, vacancy was 8.5%, per Northmarq.
Projected current multifamily pricing — Nashville
Projected asking rent
$1,600–$1,759/unit/mo
Estimated sale value
$161,145–$221,500/unit
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 5.7%, asking rent trend-adjusted to today). Assumes ~92% occupancy (vacancy not reported) and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 Northmarq | — | 8.5% | — | — | Northmarq |
| Q1 2026 Lee & Associates | $1,600.00/unit/mo | 10.7% | 691 SF | — | Lee & Associates |
| Q3 2025 Northmarq | — | 8.0% | — | — | Northmarq |
Frequently asked questions
- What is the average asking rent for multifamily space in Nashville?
- CREhunt aggregates multifamily asking-rent data for Nashville from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the multifamily vacancy rate in Nashville?
- The multifamily vacancy rate in Nashville was 8.5% as of Q1 2026 (Northmarq).
- Where does CREhunt's Nashville market data come from?
- This report aggregates quarterly multifamily market data for Nashville from Northmarq, Lee & Associates.
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