Downtown Nashville Apartments Offer Free Rentals
Free rent in Nashville? Depends on where you look.
This year has brought a new wave of luxury residential buildings to the downtown area, meaning there is an oversupply to spur rental concessions.
Nearly 43% of all Class A (or luxury) housing in Nashville currently offers some type of rental concession, according to estimates from MRI Software’s ApartmentData.com.
Although deals change all the time, here’s a look at some of the most eye-catching rental concessions currently available in the downtown area. Many are advertised on property management websites associated with apartment buildings, while others post deals on third-party platforms like Zillow or Apartments.com.
Many new builds offer two free months
Albion in the Gulch is a two-tower, 415-unit apartment complex on Division Street. The property offers two months free for all homes, although some restrictions may apply. The apartment also has ‘look and rent’ packages available for those who tour the apartment building.
Nearby is Broadstone SoBro, an apartment community on 4th Avenue South that offers up to two months free. The property also advertises six months of free parking. Two months free are also being advertised at 805 Lea, which has 356 total units.
Several downtown properties are also offering deals, including two months free on select units at Margaux Midtown on State Street and two months free at Fallyn on 19th Avenue.
Luna, which recently opened on 8th Avenue, is offering two free months on all floor plans.
The 1200 Broadway building — the high-rise above the downtown location of Whole Foods Market — is advertising one month of free rent on long-term leases, costing between $1,534 and $14,892 per month. New residents can get up to two months free at The Place at Fifth + Broadway where rents start at $1,900.
Four, six and eight weeks free
Some apartment communities choose to advertise deals in free weeks rather than free months. This category includes the recently completed Queens Apartment, a mixed-use apartment in Wedgwood-Houston. The complex offers up to eight weeks free of charge.
Duet Apartments, located near Centennial Park, is offering six free weeks on select units. One Metrocenter at 45 Vantage Way is also offering six free weeks on select units, according to Zillow.
Infinity Midtown is offering four weeks free. Two hotels in Germantown, Hamilton and Home House, run two different deals: one month or six weeks free, depending on the unit.
Exemption from fees and other privileges
Many properties combine perks, administrative fees, and convenient application fees to sweeten deals.
For example, the newly opened Towne Apartments in Germantown waives administrative fees and offers free rent for up to six weeks. The Melrose also combines waived application fees with rental specials. Octave Apartments offers $1,000 off your first month and half off all applications and administrative fees.