
Cheap Apartments for Rent in the Melrose Waverly Neighborhood of Nashville, TN from $800 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Melrose Waverly area of Nashville.


83 Freight

Greenbriar

Octave Apartments

8th & Berry
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Melrose Apartments

Village South Apartments

Braxton Music City

23Hundred at Berry Hill

CODA Wedgewood Houston Luxury Apartments
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2611 Westwood Dr

542 Southgate Ave
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414 Rosedale Ave

1303 Acklen Ave

1900 12th Ave S
Nashville's Best Affordable Neighborhoods
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700 Craighead St
Melrose Waverly, Nashville, TN Local Guide

How much does it cost to rent an apartment in Melrose Waverly?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Melrose Waverly Studio Apartments | $1,521 | $1,045 | $4,450 |
Melrose Waverly 1 Bedroom Apartments | $2,030 | $1,100 | $4,699 |
Melrose Waverly 2 Bedroom Apartments | $3,004 | $1,990 | $6,849 |
Melrose Waverly 3 Bedroom Apartments | $3,646 | $2,899 | $4,730 |
Melrose Waverly 4 Bedroom Apartments | $12,606 | $4,042 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the Melrose Waverly Neighborhood of Nashville, TN.
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Melrose Waverly, Nashville, TN Local Guide
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Cheapest Available Melrose Waverly Apartments for Rent
 The cheapest available apartment rental in the Melrose Waverly area of Nashville, TN is a Studio unit found at 445 Park Commons priced from $1,045. Octave Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,322. Here are the most affordable Melrose Waverly apartments for rent in Nashville, TN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
445 Park Commons | S1-Studio-60% | Studio,1BA | $1,045 |
Octave Apartments | S1 | Studio,1BA | $1,322 |
Gale Lofts | Gale | 1BR,1BA | $1,355 |
8th & Berry | S1 | Studio,1BA | $1,366 |
Melrose Apartments | Apollo | Studio,1BA | $1,376 |
Best Value Apartments for Rent in Melrose Waverly, TN
As of May 11, 2025 the best value apartment in the Melrose Waverly area is the $1.53 price per square foot 542 Southgate Ave Model at 542 Southgate Ave, Unit 203 in the in the South Nashville neighborhood starting from $2,750. The second greatest value Melrose Waverly apartment is the Steinway Model at Villa Adrian Apartments starting at $2,090 with a $1.31 price per square foot in the Green Hills neighborhood. Here is today’s list of the best values for Melrose Waverly apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
542 Southgate Ave, Unit 203 | 542 Southgate Ave | 2BR,2.5BA | $1.53 |
Villa Adrian Apartments | Steinway | 2BR,2BA | $1.31 |
Oxenfree WeHo | Ascent 3 x 3.5 A | 3BR,3.5BA | $2.32 |
IMT 8 South | A1 | 1BR,1BA | $2.30 |
Braxton Music City | A3 | 1BR,1BA | $2.34 |
Gale Lofts | Gale | 1BR,1BA | $2.08 |
Village South Apartments | Alara | 1BR,1BA | $2.18 |
23Hundred at Berry Hill | A1 | 1BR,1BA | $2.48 |
Parkview Midtown | Studio S1 | Studio ,1BA | $2.64 |
Octave Apartments | S1 | Studio ,1BA | $2.44 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleMelrose Waverly, Nashville, TN
Ranked #51
Among neighborhoods in Nashville, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Getting Around the Melrose Waverly Neighborhood in Nashville, TN
Walk Score®
60 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
39 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
10 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Melrose Waverly Apartments
What is a cheap apartment in Melrose Waverly?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Melrose Waverly is under $1,550.
What is the price of a cheap apartment in Melrose Waverly?
The cheapest apartment in Melrose Waverly is Gale Lofts which is listed at $1,355, while the average apartment in Melrose Waverly costs $12,330.
What types of apartments are the cheapest in Melrose Waverly?
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 51 regular apartments in Melrose Waverly 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 Melrose Waverly?
Cheap apartments in Melrose Waverly have an average cost of $403 which is $11,927 cheaper than the average rent for all rentals in Melrose Waverly.
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.

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.

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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.