Cheap Apartments for Rent in the Elizabeth Park Neighborhood of Nashville, TN from $700 (195 Rentals)

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

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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Haven at the Gulch
Rent Specials
$1,119 - $3,839
Total Monthly Price

Total Monthly Price

Base Rent
$1,119 - $3,839
Total Monthly Price
$1,119 - $3,839
1 to 3 Bedroom Apartments Available Now

Haven at the Gulch

641 Division StNashville, TN 37203
Luxury
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 3226 Lincoln Ave

$1,125

Total Monthly Price

Total Monthly Price

Base Rent
$1,125
Total Monthly Price
$1,125

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

3226 Lincoln Ave

NashvilleTN37218
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Apex Marathon Village
Rent Specials
$1,168 - $2,769
Total Monthly Price

Total Monthly Price

Base Rent
$1,168 - $2,769
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Jun 6

Apex Marathon Village

1501 Herman StNashville, TN 37208
Affordability
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  • 3D Tour

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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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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Station 40
Rent Specials
$1,329 - $5,385
Total Monthly Price

Total Monthly Price

Base Rent
$1,329 - $5,385
Total Monthly Price
$1,329 - $5,385
Studio to 3 Bedroom Apartments Available Now

Station 40

610 Sylvan Heights WayNashville, TN 37209
Corporate Housing
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  • 3D Tour

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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The Monroe
$1,387 - $3,186
Total Monthly Price

Total Monthly Price

Base Rent
$1,387 - $3,186
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

The Monroe

1300 4th Ave NNashville, TN 37208
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Americana Apartments
Rent Specials
$1,395 - $1,845
Total Monthly Price

Total Monthly Price

Base Rent
$1,395 - $1,845
Total Monthly Price
$1,395 - $1,845
1 to 2 Bedroom Apartments Available Now

Americana Apartments

1906 Chet Atkins PlNashville, TN 37212
Student Housing
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Peek Behind the Curtain at the Music City: Your Local Insiders Guide to Nashville

Nashville is more than a honky tonk town! Dive into the city's academic prestige, trendy culinary scene, professional sports, and stunning natural parks with this local guide. Explore Nashville's popular neighborhoods like The Gulch, Broadway, and 12 South. Learn local tips on transportation, where to find the best local vibe, and fun facts about the "Athens of the South."

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Elizabeth Park, Nashville, TN Local Guide

Cheapest Available Elizabeth Park Apartments for Rent

 

The cheapest available apartment rental in the Elizabeth Park area of Nashville, TN is a Studio unit found at RUTLEDGE FLATS APARTMENTS priced from $949. The Flats at 1200 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here are the most affordable Elizabeth Park apartments for rent in Nashville, TN:

Apartment ListingModel NameBed/BathPriced From
RUTLEDGE FLATS APARTMENTSParthenonStudio,1BA$949
The Flats at 12001/11BR,1BA$1,000
Hallmark at the Park2 Bed2BR,1BA$1,049
The Lee ApartmentsStudio BStudio,1BA$1,099
Alabama Avenue FlatsAlabama Avenue - Convenient One Bedroom Apartme...1BR,1BA$1,125
Barbizon ApartmentsStudioStudio,1BA$1,175
The DoverThe Dover - C31BR,1BA$1,190
The LucileMarieStudio,1BA$1,200
Germantown Place1 Bedroom Home1BR,1BA$1,205

Best Value Apartments for Rent in Elizabeth Park, TN

As of May 30, 2026 the best value apartment in the Elizabeth Park area is the $0.72 price per square foot 3520 Park Ave Model at 3520 Park Ave, Unit Master in the in the Centennial neighborhood starting from $1,800. The second greatest value Elizabeth Park apartment is the Vanderbilt Model at The Aria Townhomes starting at $2,799 with a $1.25 price per square foot in the Capitol Hill Area neighborhood. Here is today’s list of the best values for Elizabeth Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3520 Park Ave, Unit Master3520 Park Ave1BR,1BA$0.72
The Aria TownhomesVanderbilt3BR,3.5BA$1.25
Avenue 41 TownhomesAvenue 41 - Amazing 4 Bedroom Townhome4BR,3.5BA$1.78
Hallmark at the Park3x2 TC603BR,2BA$1.20
The Paddock at Grandview2 Bedroom Two Bathroom2BR,2BA$1.36
Station Lofts3 Bedroom One Bathroom3BR,1BA$1.58
Parc at Metro CenterB22BR,2BA$1.74
10th and Jefferson1 Bed 1 Bath1BR,1BA$1.68
900 at Cleveland ParkOne Bedroom - 1D1BR,1BA$1.82
812 31st Ave N, Unit A812 31st Ave N1BR,1BA$1.58

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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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
Elizabeth Park, Nashville, TN

Ranked #7

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Elizabeth Park, Nashville, TN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, areas, and rental properties across Tennessee and customized analysis for Nashville, Tennessee. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, pet-friendly features, multifamily communities for the kids, proximity to transit, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Elizabeth Park Apartments

What is a cheap apartment in Elizabeth Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Elizabeth Park is under $1,205.

What is the price of a cheap apartment in Elizabeth Park?

The cheapest apartment in Elizabeth Park is The Flats at 1200 which is listed at $1,000, while the average apartment in Elizabeth Park costs $21,257.

What types of apartments are the cheapest in Elizabeth Park?

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 195 regular apartments in Elizabeth Park 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 Elizabeth Park?

Cheap apartments in Elizabeth Park have an average cost of $381 which is $20,876 cheaper than the average rent for all rentals in Elizabeth Park.

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.

Helpful Local Expert Guides

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

Written by: Brandie Parton

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.

decorative image for A Locals Look at Nashvilles Best Neighborhoods to Rent Near the Areas Largest Employers article

A Locals Look at Nashvilles Best Neighborhoods to Rent Near the Areas Largest Employers

Written by: Brandie Parton

Hi there, I am Brandie Parton, your local expert for Nashville, TN, with ApartmentHomeLiving.com.

decorative image for Peek Behind the Curtain at the Music City: Your Local Insiders Guide to Nashville article

Peek Behind the Curtain at the Music City: Your Local Insiders Guide to Nashville

Written by: Brandie Parton

Hi there, I’m Brandie, your ApartmentHomeLiving.com local expert for the Nashville, Tennessee area.

Articles, How-To's, and Tips

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.