Cheap Apartments for Rent in the Downtown Nashville Neighborhood of Nashville, TN from $700 (44 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Nashville area of Nashville.

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Barrett Manor
1 Bedroom Apartments

Barrett Manor

510 Summer PlNashville, TN 37206
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Ryman Lofts
Studio to 3 Bedroom Apartments

Ryman Lofts

100 Middleton StNashville, TN 37201
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Nance Place
1 Bedroom Apartments

Nance Place

8 Academy PlNashville, TN 37210
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Haven at the Gulch
1 to 2 Bedroom Apartments

Haven at the Gulch

641 Division StNashville, TN 37203
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160 2nd Ave
Studio to 2 Bedroom Apartments

160 2nd Ave

160 2nd AveNashville, TN 37201

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Albion in the Gulch
Studio to 3 Bedroom Apartments

Albion in the Gulch

645 Division StNashville, TN 37203
Student Housing
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Novel Edgehill
Studio to 2 Bedroom Apartments

Novel Edgehill

801 12th Ave SNashville, TN 37203
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1200 Broadway
Studio to 2 Bedroom Apartments

1200 Broadway

1200 BroadwayNashville, TN 37203
Showing Results 1-44, Page 1 of 1

Downtown Nashville, Nashville, TN Local Guide

Cheapest Available Downtown Nashville Apartments for Rent

 

The cheapest available apartment rental in the Downtown Nashville area of Nashville, TN is a Studio unit found at 500 Fifth Apartments priced from $1,099. Haven at the Gulch has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,119. Here are the most affordable Downtown Nashville apartments for rent in Nashville, TN:

Apartment ListingModel NameBed/BathPriced From
500 Fifth ApartmentsThe CityStudio,1BA$1,099
Haven at the GulchA21BR,1BA$1,119
Capitol TowersStudioStudio,1BA$1,125
Shelby House 1The ClineStudio,1BA$1,139
Cumberland on Church ApartmentsAcklen1BR,1BA$1,369
Eastside HeightsS1Studio,1BA$1,399
Fatherland FlatsB22BR,1BA$1,400
909 FlatsStudio A1Studio,1BA$1,412
Terra HouseS1eStudio,1BA$1,412

Best Value Apartments for Rent in Downtown Nashville, TN

As of August 04, 2025 the best value apartment in the Downtown Nashville area is the $1.41 price per square foot Vanderbilt Model at The Aria Townhomes in the in the Capitol Hill Area neighborhood starting from $3,149. The second greatest value Downtown Nashville apartment is the The Trailblazer | 2 Bed | 2 Bath Model at Margaux Midtown starting at $2,461 with a $2.56 price per square foot in the Capitol Hill Area neighborhood. Here is today’s list of the best values for Downtown Nashville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Aria TownhomesVanderbilt3BR,3.5BA$1.41
Margaux MidtownThe Trailblazer | 2 Bed | 2 Bath2BR,2BA$2.56
River House (TN)A2c1BR,1BA$2.29
Terra HouseA3a1BR,1BA$2.10
Fatherland FlatsB22BR,1BA$1.93
Placemakr Premier SoBroStudio Floor to Ceiling Windows (06)Studio ,1BA$2.40
510 Gay Street, Unit 509, Unit 509510 Gay Street, Unit 5091BR,1BA$2.41
Cumberland on Church ApartmentsAcklen1BR,1BA$2.37
Shelby House 1The ClineStudio ,1BA$2.61
500 Fifth ApartmentsThe CityStudio ,1BA$2.62

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Downtown Nashville, Nashville, TN

Ranked #27

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, areas, and rental properties across Tennessee and customized analysis for Central Nashville, TN. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, pet-friendly features, features that make it easier to raise kids, proximity to transit, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Downtown Nashville Apartments

What is a cheap apartment in Downtown Nashville?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Nashville is under $1,412.

What is the price of a cheap apartment in Downtown Nashville?

The cheapest apartment in Downtown Nashville is Haven at the Gulch which is listed at $1,119, while the average apartment in Downtown Nashville costs $4,646.

What types of apartments are the cheapest in Downtown Nashville?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 14 regular apartments in Downtown Nashville that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown Nashville?

Cheap apartments in Downtown Nashville have an average cost of $303 which is $4,343 cheaper than the average rent for all rentals in Downtown Nashville.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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A Nashville Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Brandie Parton

I’m Brandie, your ApartmentHomeLiving.com local expert for Nashville, Tennessee.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.