Nashville, Tennessee Short-Term Rental Market
Nashville STR operators averaged $313/night at 59.7% occupancy in April 2026 across approximately 15,600 active listings.
Quick Answer: Nashville, Tennessee is an active short-term rental market. average occupancy is 60%. average monthly revenue is $5,237. average daily rate is $313. the top operator is AvantStay with 530 listings. market score is 81/100 (grade B).
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Market Overview
Nashville’s short-term rental market ranked among the largest in the Southeast as of April 2026, with approximately 15,600 active listings spanning the metro area. The market posted a $313 average daily rate and 59.7% occupancy in April 2026, producing a RevPAR of $187. Year-over-year, occupancy improved 4.86 percentage points while ADR declined 6.26%, reflecting a shift toward higher volume at moderately lower rates. Revenue per listing rose 9.28% compared to the prior-year period, indicating that the volume gain more than offset the rate compression.
Entire-place listings dominate the supply at 14,747 units, or roughly 95% of the market. Private rooms account for 854 listings, and shared rooms represent only 5. By bedroom count, 1-bedroom units are the most common at 5,147 listings, followed by 4-bedrooms (3,054), 2-bedrooms (3,371), 3-bedrooms (3,025), and 5-bedrooms (976). The 4-bedroom segment’s near-parity with 2-bedrooms is notable and reflects strong demand from group travel, particularly bachelorette and bachelor parties drawn to Lower Broadway.
Channel distribution shows 8,117 listings active on both Airbnb and VRBO simultaneously, while 6,663 are Airbnb-only and 826 are VRBO-only. Dual-channel operators represent the largest share of the market, suggesting experienced operators recognize the incremental bookings that come from platform diversification.
StaySTRA’s composite market score for Nashville is 80.6 out of 100, led by rental demand (87.3) and investability (77.5). Seasonality scores 75.2, regulation 69.5, and revenue growth 58.9, with the revenue growth score reflecting the multi-year plateau in annual averages since 2022. Nashville drew 16.9 million visitors in 2024, generating $11.2 billion in direct tourism spending, providing a durable demand foundation for the STR market.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 42% | $203 | $2,547 |
| Feb | 54% | $220 | $2,922 |
| Mar | 62% | $258 | $4,388 |
| Apr | 58% | $273 | $4,414 |
| May | 60% | $279 | $4,617 |
| Jun | 63% | $282 | $4,752 |
| Jul | 60% | $257 | $4,353 |
| Aug | 57% | $264 | $4,189 |
| Sep | 59% | $270 | $4,267 |
| Oct | 63% | $280 | $4,913 |
| Nov | 54% | $250 | $3,740 |
| Dec | 50% | $222 | $3,085 |
Top Short-Term Rental Operators in Nashville
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | AvantStay | 530 | 7,038 | ★ 4.70 |
| 2 | GoodNight Stay | 299 | 6,479 | ★ 4.46 |
| 3 | Coboda Rentals | 248 | 5,165 | ★ 4.48 |
| 4 | Host Extraordinaires | 236 | 23,407 | ★ 4.78 |
| 5 | StayLocal | 178 | 11,262 | ★ 4.74 |
What Kind of STR Should I Buy in Nashville?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 5,147 |
| 2 bed | 3,371 |
| 3 bed | 3,025 |
| 4 bed | 3,054 |
| 5 bed | 976 |
ADR by Property Tier
| Entire Home | $324 |
| Luxury | $565 |
| Professionally Managed | $397 |
Revenue by Dwelling Type
| Apartment | $4,999 |
| Entire Place | $5,403 |
| House | $5,528 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 42.7% |
| vrbo | 5.3% |
| both | 52% |
Investment Analysis
Nashville’s April 2026 revenue per listing of $5,237 annualizes to approximately $62,800 in gross revenue at current-month performance. Against a typical home value of $436,355, that implies a gross yield of approximately 14.4% before operating expenses, management fees, and mortgage service. Investors using professional management should underwrite against the professionally managed ADR tier of $397, compared to the all-listings average of $313, an $84 premium that reflects the pricing power of experienced operators.
The luxury tier reports an ADR of $565, indicating that larger or higher-end properties in premium locations can command rates nearly 80% above the market average. Entire-place listings generated $5,403 per month on average, while house-type properties averaged $5,528 and apartments averaged $4,999, a spread that matters for buyers evaluating property type.
Annual performance has been range-bound. Revenue averaged $4,821 in 2024 and $4,599 in 2025, both below the April 2026 annualized run rate of $62,800. The 2022 peak at $4,811 in annual average monthly revenue suggests the market has essentially recovered to that level on a per-month basis after a dip in 2023 and 2024. ADR peaked at $302 in 2024 before sliding to $286 in 2025, and the April 2026 reading of $313 reflects seasonal strength rather than a sustained rate trend, since historical April ADR averages $273.
Entry pricing: median home sales prices ran $430,333 in the most recent housing snapshot, with 3,805 units for sale and a median of 33 days to pending, indicating active but not frenetic buyer demand. Sale-to-list ratios averaged 0.873, meaning properties are generally selling below asking price.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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Booking Insights
Nashville guests book an average of 52.8 days in advance, with an average length of stay of 3.6 nights. The 52-day lead time positions Nashville in the mid-range for major US STR markets, providing operators with a meaningful pricing window. Listings that publish availability and set dynamic pricing at least 60 days out will capture the full booking window, while last-minute pricing adjustments can still fill gaps for the segment of bookers who commit within two weeks.
The 3.6-night average stay reflects Nashville’s event-driven demand pattern. Bachelorette and bachelor groups, concert weekenders, and convention attendees typically book Thursday-Sunday or Friday-Monday blocks, which naturally extends stays beyond the two-night weekend minimum common in many markets. Operators can leverage this by setting minimum stays of three nights on high-demand weekends to improve cleaning-fee efficiency and reduce turnover costs.
For operators managing multiple units, the 52-day lead time also signals that Nashville is not primarily a same-week booking market, meaning revenue management systems benefit more from forward pricing strategy than from last-minute deal tactics.
Short-Term Rental Regulations
Nashville requires a Short-Term Rental Property (STRP) permit before listing on any platform. Permits cost $313 annually and must be renewed each year with proof of insurance and Hotel Occupancy Tax payment history.
The permit system has two types with fundamentally different access rules. Type 1 (owner-occupied) permits are available in virtually all residential zones. The owner must permanently reside at the property and must be a natural person: LLCs, corporations, trusts, and other entities are ineligible for Type 1. Proof of primary residency requires four documents (two from Group A, two from Group B) matching the deed address. Each Type 1 permit covers up to four sleeping rooms rented to a single party, and only one permit is issued per lot in single-family and two-family zones.
Type 2 (not owner-occupied) permits have been unavailable in residential zones (AR2A, R, RS, RM) since January 1, 2022, under Metro Council Bill BL2019-1633. Existing Type 2 holders in residential zones may renew, but permits are non-transferable: the permit is voided when the property sells. New Type 2 permits are issued only in commercial and mixed-use zones (MUN, MUL, MUG, MUI, OG, OR-series, CN, CL, CS, CA, CF, DTC variants, SCN, SCC, SCR) as conditional-use approvals.
Tax obligations: the Metro Hotel Occupancy Tax is 7% of gross rental receipts plus a $2.50 nightly fee per unit, effective July 1, 2023. Tennessee state sales tax of 9.25% also applies. A 2024 ordinance (BL2024-478) tightened residency documentation requirements for owner-occupied applications. Enforcement severity is rated strict. Investors purchasing residential properties for non-owner-occupied short-term rental in traditional residential zones will not qualify for a new Type 2 permit under current law.
Market Comparison
Against national STR benchmarks, Nashville’s April 2026 ADR of $313 is approximately 42% above the US STR median ADR of roughly $220, reflecting the market’s position as a premium leisure and group travel destination. Nashville’s 59.7% occupancy sits above the US STR median of approximately 55%, confirming sustained demand relative to supply. RevPAR of $187 is well above national medians, which typically run in the $100-$130 range for comparable urban markets.
The composite market score of 80.6 places Nashville in the top tier among StaySTRA tracked markets, with rental demand scoring especially high at 87.3. Revenue growth scores lower at 58.9, consistent with the data showing annual average revenue declining from $4,821 in 2024 to $4,599 in 2025 before the April 2026 bounce.
Professional management is well-established in Nashville. AvantStay leads with 530 listings, followed by GoodNight Stay (299 listings, 4.46 rating), Coboda Rentals (248 listings, 4.48 rating), Host Extraordinaires (236 listings, 4.78 rating, 23,407 reviews), and StayLocal (178 listings, 4.74 rating). The top 5 operators collectively manage approximately 1,491 listings, representing about 9.6% of the estimated 15,600-listing market. The market remains fragmented, with the large majority of inventory held by individual operators.
Frequently Asked Questions About Nashville, Tennessee
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