Best In Tennessee Real Estate™: Nashville
2026-10-22
Nashville’s apartment market is not expanding — it’s concentrating. According to ALEX Intelligence’s latest analysis, 90.9% of the metro’s large apartment units are located in just three cities: Nashville-Davidson, Murfreesboro, and Franklin. This hyper-concentration means new development is no longer spreading across the region — it’s being funneled into existing urban cores. As a result, secondary suburbs face stagnation in rental supply, while the top three cities become increasingly dominant. This isn’t just a supply trend — it’s a structural shift in where capital, infrastructure, and population growth are going. The data comes directly from ALEX Intelligence’s October 22, 2026 report: https://alex-companies.com/data/2026-10-22-nashville-concentration-apartment-units-place. How does this concentration affect your investment or relocation strategy?
Share of the Market's Large Apartment Stock in Its Top Three Cities, top 10 (ALEX Intelligence — U.S. Census Bureau 2024)
#1 Nashville-Davidson metropolitan government — 47,573
#2 Murfreesboro — 3,914
#3 Franklin — 2,851
#4 Hendersonville — 1,345
#5 Brentwood — 1,018
#6 Gallatin — 934
#7 Lebanon — 856
#8 Mount Juliet — 490
#9 Ashland City — 401
#10 Thompson's Station — 144
Photos via Wikimedia Commons: Slide 1: Paula Tejo (CC BY 3.0) https://commons.wikimedia.org/?curid=57236859; Slide 2: Warren LeMay from Chicago, IL, United States (CC BY-SA 2.0) https://commons.wikimedia.org/?curid=162540630; Slide 3: dconvertini (CC BY-SA 2.0) https://commons.wikimedia.org/?curid=144895182; Slide 4: dconvertini (CC BY-SA 2.0) https://commons.wikimedia.org/?curid=144895130
Source: https://alex-companies.com/data/2026-10-22-nashville-concentration-apartment-units-place
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Real Estate Strategy & Intelligence Leader. Democratized Blue Ocean Strategist & Operator.
Diane Hart Alexander, MBA, MHA
Chair & CEO, ALEX Companies
Designated Broker, Alexander Tiffany Southwest, LLC dba ALEX.realestate, et.al.
Texas License #574877-B · Broker License #565194-BB
[email protected] · +1 713.591.9902
Source data: Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024 · ALEX Intelligence computation
Licensed by the Texas Real Estate Commission. Broker: Alexander Tiffany Southwest, LLC · License #565194-BB.
Diane Hart Alexander, Chair & CEO, ALEX Companies · Designated Broker · #574877-B · George Arnold Alexander III, Director, ALEX Companies · Associate Broker · #574878-B
Texas Real Estate Commission Information About Brokerage Services · TREC Consumer Protection Notice · trec.texas.gov
Diane Hart Alexander, Chair & CEO, ALEX Companies · Designated Broker · #574877-B · George Arnold Alexander III, Director, ALEX Companies · Associate Broker · #574878-B
Texas Real Estate Commission Information About Brokerage Services · TREC Consumer Protection Notice · trec.texas.gov



