Cheap Apartments for Rent in the Melrose Waverly Neighborhood of Nashville, TN from $1,144 (34 Rentals)

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

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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IMT 8 South
$1,411 - $2,426

Total Monthly Price

Base Rent$1,411 - $2,426

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

IMT 8 South

2405 8th Ave SNashville, TN 37204
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

Rent According to Income: A Look at Income-Restricted Rentals

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property at 376 Herron Dr
$1,650

Total Monthly Price

Base Rent$1,650

Total Monthly Price$1,650
1 Bedroom, 1 Bath Condo for Rent
Available Sep 15
Affordability

376 Herron Dr, Unit 4

376 Herron Dr
NashvilleTN37210
  • Smoke Free
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2310 Elliott Avenue, Unit 103
$1,700

Total Monthly Price

Base Rent$1,700

Total Monthly Price$1,700
1 Bedroom Apartment Available Oct 16

2310 Elliott Avenue, Unit 103

2310 Elliott AvenueNashville, TN 37204
Affordability
  • Smoke Free
property at 2310 Elliott Ave
$1,800

Total Monthly Price

Base Rent$1,800

Total Monthly Price$1,800
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

2310 Elliott Ave, Unit 611

2310 Elliott Ave
NashvilleTN37204
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1705 Ridley Blvd, Unit A
$1,895

Total Monthly Price

Base Rent$1,895

Total Monthly Price$1,895
2 Bedroom Apartment Available Now

1705 Ridley Blvd, Unit A

1705 Ridley BlvdNashville, TN 37203
Furnished

A Local's Look at Nashville's Best Neighborhoods to Rent Near the Area's Largest Employers

Discover Nashville's best neighborhoods for apartments, condos, and homes, matched to your workplace at the city’s largest employers.

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Greenbriar
1 to 2 Bedroom Apartments

Greenbriar

3000-3002 Franklin PikeNashville, TN 37204
Senior Living
  • Utilities Included
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Melrose Apartments
Studio to 2 Bedroom Apartments

Melrose Apartments

2600 8th Ave SNashville, TN 37204
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Gale Lofts
Studio to 2 Bedroom Apartments

Gale Lofts

811 Gale LnNashville, TN 37204
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Parkview Midtown
Studio to 2 Bedroom Apartments

Parkview Midtown

700 Wedgewood ParkNashville, TN 37203
  • Utilities Included
property at 2310 Elliott Ave
$1,800 - $2,150
1 To 2 Bedroom Rentals
Available Now
Affordability

2310 Elliott Ave

NashvilleTN37204
  • Smoke Free

Nashville's Best Affordable Neighborhoods

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

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The Row at Berry Hill
3 Bedroom Apartments

The Row at Berry Hill

553 Rosedale AveNashville, TN 37211
Furnished
  • Utilities Included
property at 553 Rosedale Ave
$2,550

Total Monthly Price

Base Rent$2,550

Total Monthly Price$2,550
3 Bedroom, 3 Bath Townhome for Rent
Available Now
Affordability

553 Rosedale Ave

NashvilleTN37211

Melrose Waverly, Nashville, TN Local Guide

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 $1,144. The Byrum has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here are the most affordable Melrose Waverly apartments for rent in Nashville, TN:

Apartment ListingModel NameBed/BathPriced From
445 Park CommonsS1.6 (Varied Income)Studio,1BA$1,144
The ByrumStudio1BR,1BA$1,150
12th & WedgewoodA3.1-60%1BR,1BA$1,219
Melrose ApartmentsApolloStudio,1BA$1,223
CODAAuthentic1BR,1BA$1,234
23Hundred at Berry HillA21BR,1BA$1,340
Bransford ApartmentsOne Bedroom1BR,1BA$1,350
Octave ApartmentsS2Studio,1BA$1,364
8th & BerryS1Studio,1BA$1,418

Best Value Apartments for Rent in Melrose Waverly, TN

As of September 07, 2026 the best value apartment in the Melrose Waverly area is the $1.38 price per square foot Keystone Model at Villa Adrian Apartments in the in the Green Hills neighborhood starting from $2,200. The second greatest value Melrose Waverly apartment is the Bungalow 3 x 3 B Model at Oxenfree WeHo starting at $3,094 with a $2.15 price per square foot in the Sunnyside neighborhood. Here is today’s list of the best values for Melrose Waverly apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Villa Adrian ApartmentsKeystone2BR,2BA$1.38
Oxenfree WeHoBungalow 3 x 3 B3BR,3BA$2.15
CODADreamy2BR,2BA$2.20
1705 Ridley Blvd, Unit A1705 Ridley Blvd2BR,2.5BA$1.72
Gale LoftsSanta Ana2BR,2BA$1.68
Woodmont TerraceLealand2BR,1BA$1.63
1017 Wade Ave, Unit C1017 Wade Ave2BR,1BA$1.64
Bransford ApartmentsOne Bedroom1BR,1BA$1.80
23Hundred at Berry HillA11BR,1BA$2.19
12th & WedgewoodA2 - 60%1BR,1BA$2.01

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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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.

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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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Pet Friendly Lifestyle
Melrose Waverly, Nashville, TN

Ranked #75

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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 $1,418.

What is the price of a cheap apartment in Melrose Waverly?

The cheapest apartment in Melrose Waverly is The Byrum which is listed at $1,150, while the average apartment in Melrose Waverly costs $1,880.

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 25 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 $316 which is $1,564 cheaper than the average rent for all rentals in Melrose Waverly.

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

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