Nashville rents 8th-fastest growing among nation's largest cities per report

NASHVILLE, Tenn.--The Nashville rental market is the 8th-fastest growing in the U.S. among the nation's largest cities according to ApartmentList's October report.

The online apartment marketplace reports rent in Music City is up 2.7% compared to the past year, ranking the city 8th. Since 2014, rents have grown by 18.1%, compared to the national average of 11.3%.

Despite the increases, Nashville is still cheaper than the national average rent for a 2 bedroom with an average $1,154 per month. Nationally, the average is $1,189.

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Mesa, Arizona had the highest year-over-year rent growth, followed by Henderson (NV), Las Vegas, Phoenix, Raleigh, Austin, Greensboro, Nashville, Colorado Springs, and Charlotte (NC), rounding out the top ten.