Cheap Apartments for Rent in the Downtown Nashville Neighborhood of Nashville, TN from $700 (43 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article

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.

Read Article

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article
close
View Me
Barrett Manor
1 Bedroom Apartments

Barrett Manor

510 Summer PlNashville, TN 37206
  • Utilities Included
close
View Me
Ryman Lofts
1 Bedroom Apartments

Ryman Lofts

100 Middleton StNashville, TN 37201
close
View Me
Nance Place
1 to 3 Bedroom Apartments

Nance Place

8 Academy PlNashville, TN 37210
close
View Me
Haven at the Gulch
1 to 3 Bedroom Apartments

Haven at the Gulch

641 Division StNashville, TN 37203
  • Utilities Included
close
View Me
160 2nd Ave
Studio to 2 Bedroom Apartments

160 2nd Ave

160 2nd AveNashville, TN 37201

Nashville's Best Affordable Neighborhoods

Learn about Nashville and the best places to live with original content written by our Local Expert Brandie Parton

Read Article
close
View Me
Novel Edgehill
Studio to 2 Bedroom Apartments

Novel Edgehill

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

1200 Broadway

1200 BroadwayNashville, TN 37203
close
View Me
Albion in the Gulch
Studio to 3 Bedroom Apartments

Albion in the Gulch

645 Division StNashville, TN 37203
Student Housing
Showing Results 1-43, 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 RUTLEDGE FLATS APARTMENTS priced from $925. 500 Fifth Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,099. Here are the most affordable Downtown Nashville apartments for rent in Nashville, TN:

Apartment ListingModel NameBed/BathPriced From
RUTLEDGE FLATS APARTMENTSParthenonStudio,1BA$925
500 Fifth ApartmentsThe CityStudio,1BA$1,099
Capitol TowersStudioStudio,1BA$1,125
Nance Place2 Bed 1 Bath M2BR,1BA$1,323
Eastside HeightsS1Studio,1BA$1,399
Fatherland FlatsB22BR,1BA$1,400
Infinity Lofts in The GulchZipStudio,1BA$1,419
Note 16 Apartmentsa1.1Studio,1BA$1,424
The StahlmanS3Studio,1BA$1,448

Best Value Apartments for Rent in Downtown Nashville, TN

As of June 20, 2025 the best value apartment in the Downtown Nashville area is the $1.42 price per square foot Belmont Model at The Aria Townhomes in the in the Capitol Hill Area neighborhood starting from $3,504. The second greatest value Downtown Nashville apartment is the The Belle | 2 Bed | 2 Bath Model at Margaux Midtown starting at $2,713 with a $2.61 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 TownhomesBelmont4BR,3.5BA$1.42
Margaux MidtownThe Belle | 2 Bed | 2 Bath2BR,2BA$2.61
1803 Broadway, Unit 5101803 Broadway1BR,1BA$2.14
Nance Place2 Bed 1 Bath M2BR,1BA$1.58
1505 DemonbreunHeritage 01 - A61BR,1BA$2.45
Terra HouseA3a1BR,1BA$2.13
Shelby House 1The Carter1BR,1BA$2.18
510 Gay Street, Unit 509, Unit 509510 Gay Street, Unit 5091BR,1BA$2.41
Fatherland FlatsA11BR,1BA$2.27
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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown Nashville, Nashville, TN

Ranked #32

Among neighborhoods in Nashville, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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 $1,448.

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

The cheapest apartment in Downtown Nashville is Fatherland Flats which is listed at $1,250, while the average apartment in Downtown Nashville costs $8,385.

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 9 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 $235 which is $8,150 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.

decorative image for A Nashville Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.