NASHVILLE, Tenn. (WTVF) — In this city on the rise, there's a surprising survey about something apparently not rising.
A new ApartmentGuide list out this week shows that Nashville has the fourth-largest average drop in apartment rents in the country: a drop of more than 8 percent among two bedroom apartments last year compared to 2017.
Barbara Schwartz with the Apartment Selector in Donelson says with the addition of new apartment complexes across Nashville, average rent has gone down slightly, But she says like with all things real-estate and housing, the cycle continues, and rents won't stay down for long,
"I think they'll continue to go down a little bit, and after that they'll go back up," Schwartz said.
Schwartz says over time, rents in Nashville are on a very upward trend.
