The Memphis rapper was taken into jail just after 6 a.m. ET on Tuesday and released on bond hours later, TMZ reports.
A loaded weapon was reportedly discovered in the rapper's hotel room by an employee.
Sunday night's (April 7) incident reportedly took place at Eric Church's Chief's Bar on Broadway.
The singer and rapper's attorneys dispute Rod's alleged connection to the shooting, which took place on Sunday (March 31).
The 32-year-old actor was arrested after he reportedly walked into a Texas hotel and stole a bag of chips while intoxicated.
Both the rapper and his brother were arrested.
He was taken into custody for failure to appear for a July 12 court date.