At a typical Downtown building that opened Feb 2020 the rent on a 2/2 is 4K a month, a 1 bedroom is 2.6K a month (occupant tells me its big, 100 Sq feet.) We are paying 2K for a house thats 2,600 Sq Feet. 5 or so Miles away.
There are several huge projects going in where the downtown mega-dealerships were. Almost everything you could want is electric scooter distance (Mostly rental scooters). Young upwardly mobile people are electing NOT to drive, or just rent a car for weekend excursions.
I'll wager that electric cars are being pushed hard to make cars unaffordable for lower middle class and below. I quit driving because of eyesight and accidents, but would gladly buy a car that drove itself if they actually worked well, but I'm stuck riding the bus or Uber, safer for all of us that way.
Look on Zillow at Nashville, its crazy! The ones that are reasonably priced often end up being a shared Apt. They even have shared Apt. where the building chooses your roomates, but then the collages are near downtown too!