NASHVILLE, Tenn.--Analysis from rental marketplaceRent.comfinds there are five Nashville neighborhoods which have seen the largest increases in rent over the past year, starting with Green Hills.
The company analyzed average rent costs from November 2018 to November 2019 along with inventory in Nashville neighborhoods. They then ranked the Top 5 Nashville markets which have seen the largest increases.
Green Hills led the list, described by the report as the "very definition of upscale living thanks to the luxe homes, boutique shopping and celebrated dining." The report found the area has seen a 51.82% increase over the past year with average rent for a one-bedroom costing $1,967.55.
East Nashville's "eclectic, artsy" feel ranked second with an increase of 42.74% the past year and an average rent of $1,467.73 for a one-bedroom.
West End Park, home to the Parthenon, came in third with a 19.37% increase and average one-bedroom rent of $1,672. Midtown ranked fourth with an 18.56% increase and average one-bedroom rent of $1,935. Music Row rounded out the list with a 13.65% increase over the past year and an average rent of $2,022.84 for a one-bedroom apartment.