Cheap Apartments for Rent in the Downtown Nashville Neighborhood of Nashville, TN from $700 (72 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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Haven at the Gulch
Rent Specials
$1,119 - $4,664
Total Monthly Price

Total Monthly Price

Base Rent
$1,119 - $4,664
Total Monthly Price
$1,119 - $4,664
1 to 3 Bedroom Apartments Available Now

Haven at the Gulch

641 Division StNashville, TN 37203
Luxury
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  • Utilities Included
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Terra House
Rent Specials
$1,355 - $2,489
Total Monthly Price

Total Monthly Price

Base Rent
$1,355 - $2,489
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Terra House

115 Middleton StNashville, TN 37210
Family Friendly
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  • 3D Tour

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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510 Gay Street, 509, Unit 509
$1,425
Total Monthly Price

Total Monthly Price

Base Rent
$1,425
Total Monthly Price
$1,425
1 Bedroom Apartment Available Now

510 Gay Street, 509, Unit 509

510 Gay Street, Unit 509Nashville, TN 37219
Affordability
  • Smoke Free

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Broadstone SoBro
Rent Specials
$1,510 - $2,596
Total Monthly Price

Total Monthly Price

Base Rent
$1,510 - $2,596
Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Broadstone SoBro

800 4th Ave SNashville, TN 37210
Furnished
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The Stahlman
Rent Specials
$1,537 - $2,652
Total Monthly Price

Total Monthly Price

Base Rent
$1,537 - $2,652
Total Monthly Price
$1,537 - $2,652
Studio to 2 Bedroom Apartments Available Now

The Stahlman

211 Union StNashville, TN 37201
Affordability
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909 Flats
Rent Specials
$1,538 - $3,768
Total Monthly Price

Total Monthly Price

Base Rent
$1,538 - $3,768
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

909 Flats

909 Rosa L Parks BlvdNashville, TN 37208
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River House (TN)
Rent Specials
$1,539 - $3,033
Total Monthly Price

Total Monthly Price

Base Rent
$1,539 - $3,033
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Contact Us For Availability

River House (TN)

4 Academy PlNashville, TN 37210
Corporate Housing
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property at 700 Church St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

1 Bedroom, 1 Bath Condo for Rent

Available Now

700 Church St, Unit 801

700 Church St
NashvilleTN37203

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Albion Music Row
$1,629 - $7,237
Total Monthly Price

Total Monthly Price

Base Rent
$1,629 - $7,237
Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Albion Music Row

1501 McGavock StNashville, TN 37203
Student Housing
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Albion in the Gulch
Rent Specials
$1,694 - $5,594
Total Monthly Price

Total Monthly Price

Base Rent
$1,694 - $5,594
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Albion in the Gulch

645 Division StNashville, TN 37203
Student Housing
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  • Customer Reviewed
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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 $872. Nance Place has the second lowest priced unit, which is a Studio apartment currently listed from $906. Here are the most affordable Downtown Nashville apartments for rent in Nashville, TN:

Apartment ListingModel NameBed/BathPriced From
RUTLEDGE FLATS APARTMENTSParthenonStudio,1BA$872
Nance PlaceStudio AStudio,1BA$906
Vetra 500 FifthThe CityStudio,1BA$1,099
Infinity Lofts in The GulchZipStudio,1BA$1,163
Shelby House 1The Tucker - ADA1BR,1BA$1,234
Fatherland FlatsA11BR,1BA$1,250
Terra HouseS1Studio,1BA$1,355
805 LeaS1Studio,1BA$1,393
LC SoBroStudio AStudio,1BA$1,399
Cumberland on Church ApartmentsAcklen1BR,1BA$1,418

Best Value Apartments for Rent in Downtown Nashville, TN

As of July 11, 2026 the best value apartment in the Downtown Nashville area is the $2.42 price per square foot C1 Model at Eleven North in the in the Capitol Hill Area neighborhood starting from $2,980. The second greatest value Downtown Nashville apartment is the Division Model at Pine Street Flats starting at $2,499 with a $2.34 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.
Eleven NorthC13BR,2BA$2.42
Pine Street FlatsDivision2BR,2BA$2.34
1505 DemonbreunHeritage 01 - A61BR,1BA$2.53
Broadstone SoBroA31BR,1BA$2.46
Shelby House 1The Carter1BR,1BA$2.39
510 Gay Street, Unit 509, Unit 509510 Gay Street, Unit 5091BR,1BA$2.41
Terra HouseS1aStudio ,1BA$2.45
Cumberland on Church ApartmentsAcklen1BR,1BA$2.46
Fatherland FlatsA11BR,1BA$2.27
Nance PlaceStudio AStudio ,1BA$1.79

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 $1,418.

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

The cheapest apartment in Downtown Nashville is Nance Place which is listed at $957, while the average apartment in Downtown Nashville costs $5,232.

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 196 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 $1,095 which is $4,137 cheaper than the average rent for all rentals in Downtown Nashville.

Expert Rental Resources

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

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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Nashville

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As part of the team here at Apartment Home Living, I am eager to tell you all about Nashville, and its amazing colleges and nearby neighborhoods that make perfect residences for students, seeking to increase their education and g.

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.