Cheap Apartments for Rent in the Downtown Nashville Neighborhood of Nashville, TN from $700 (51 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
  • Utilities Included
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Nance Place
Studio to 3 Bedroom Apartments

Nance Place

8 Academy PlNashville, TN 37210
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Ryman Lofts
Studio to 3 Bedroom Apartments

Ryman Lofts

100 Middleton StNashville, TN 37201
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Haven at the Gulch
1 to 3 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
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1200 Broadway
Studio to 3 Bedroom Apartments

1200 Broadway

1200 BroadwayNashville, TN 37203
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Novel Edgehill
Studio to 2 Bedroom Apartments

Novel Edgehill

801 12th Ave SNashville, TN 37203

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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.

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Albion in the Gulch
Studio to 3 Bedroom Apartments

Albion in the Gulch

645 Division StNashville, TN 37203
Student Housing
Showing Results 1-50, Page 1 of 2

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 $938. 500 Fifth Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here are the most affordable Downtown Nashville apartments for rent in Nashville, TN:

Apartment ListingModel NameBed/BathPriced From
RUTLEDGE FLATS APARTMENTSParthenonStudio,1BA$938
500 Fifth ApartmentsThe CityStudio,1BA$999
Nance Place1 Bed 1 Bath L1BR,1BA$1,101
Capitol TowersStudioStudio,1BA$1,125
Shelby House 1The ClineStudio,1BA$1,209
Cumberland on Church ApartmentsAcklen1BR,1BA$1,378
The StahlmanS3Studio,1BA$1,385
Fatherland FlatsB22BR,1BA$1,400
River House (TN)S2Studio,1BA$1,404

Best Value Apartments for Rent in Downtown Nashville, TN

As of September 18, 2025 the best value apartment in the Downtown Nashville area is the $1.41 price per square foot Belmont Model at The Aria Townhomes in the in the Capitol Hill Area neighborhood starting from $3,489. The second greatest value Downtown Nashville apartment is the 1803 Broadway Model at 1803 Broadway, Unit 510 starting at $1,800 with a $2.14 price per square foot in the Downtown Nashville 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$1.41
1803 Broadway, Unit 5101803 Broadway1BR,1BA$2.14
The Gossett on ChurchThe Adele (A6)1BR,1BA$2.38
River House (TN)A2b1BR,1BA$2.33
Fatherland FlatsB22BR,1BA$1.93
625 7th Ave S, Unit C3625 7th Ave S1BR,1BA$2.38
Nance Place1 Bed 1 Bath L1BR,1BA$1.71
510 Gay Street, Unit 509, Unit 509510 Gay Street, Unit 5091BR,1BA$2.41
Cumberland on Church ApartmentsAcklen1BR,1BA$2.39
500 Fifth ApartmentsThe CityStudio ,1BA$2.38

Quick Rent Budget Calculator

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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 #26

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 $1,404.

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

The cheapest apartment in Downtown Nashville is Nance Place which is listed at $1,101, 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 21 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 $186 which is $4,460 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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.