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Nashville’s apartment market starts the new year sending mixed signals

Even though vacancy rates are declining, so too are asking rents
Wedgewood Village is a 380-unit apartment complex under construction in the Wedgewood Houston area of Nashville, Tennessee. (CoStar)
Wedgewood Village is a 380-unit apartment complex under construction in the Wedgewood Houston area of Nashville, Tennessee. (CoStar)
CoStar Analytics
January 8, 2026 | 4:30 P.M.

Nashville, Tennessee’s multifamily market continues to stabilize, with the region’s vacancy rate slowly decreasing due to robust demand and a moderating supply pipeline. However, this improvement has yet to translate to pricing power for apartment landlords.

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News | Nashville’s apartment market starts the new year sending mixed signals