
Cheap Apartments for Rent in the Melrose Waverly Neighborhood of Nashville, TN from $1,000 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in the Melrose Waverly area of Nashville.


445 Park Commons

83 Freight

Woodmont Terrace

Bransford Apartments

23Hundred at Berry Hill

Village South Apartments

8th & Berry

Octave Apartments
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.

CODA

Total Monthly Price
Parkview Midtown

1900 12th Ave S, Unit 302

933 S Douglas Ave

Anchor

12 South

Total Monthly Price
IMT 8 South

2310 Elliott Ave, Unit 409

12th & Wedgewood
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.

2165 Nolensville Pk, Unit 2-018

2165 Nolensville Pk, Unit 2-118

2165 Nolensville Pk, Unit 1-416

2165 Nolensville Pk, Unit 2-216

2165 Nolensville Pk, Unit 2-115

2165 Nolensville Pk, Unit 2-012

2165 Nolensville Pk, Unit 2-016

2165 Nolensville Pk, Unit 1-118

2310 Elliott Ave, Unit 108
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.

1113 W Grove Ave

Greenbriar

Melrose Apartments

Gale Lofts

410 Rosedale Ave

1305 Acklen Ave

Acklen Place Apartments

1609 Marshall Hollow Dr

3108 Lealand Ln
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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.

818 Kirkwood Ave
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 | $1,445 | $1,128 | $1,551 |
| Melrose Waverly 1 Bedroom Apartments | $1,704 | $1,001 | $2,443 |
| Melrose Waverly 2 Bedroom Apartments | $2,372 | $1,457 | $3,789 |
| Melrose Waverly 3 Bedroom Apartments | $3,827 | $3,359 | $5,402 |
| Melrose Waverly 4 Bedroom Apartments | $6,383 | $5,525 | $7,205 |
Browse Apartments in this Neighborhood
There are currently 37 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
- Nearby Nashville neighborhoods
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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 1 Bed unit found at 83 Freight priced from $1,150. Woodmont Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,185. Here are the most affordable Melrose Waverly apartments for rent in Nashville, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 83 Freight | Studio | 1BR,1BA | $1,150 |
| Woodmont Terrace | Clairmont | 1BR,1BA | $1,185 |
| 445 Park Commons | A2.6 (Varied Income) | 1BR,1BA | $1,205 |
| Argyle Avenue Apartments | 1x1-60% | 1BR,1BA | $1,219 |
| Melrose Apartments | Apollo | Studio,1BA | $1,272 |
| Gale Lofts | Breeze | 1BR,1BA | $1,285 |
| Bransford Apartments | One Bedroom | 1BR,1BA | $1,350 |
| 23Hundred at Berry Hill | A1 | 1BR,1BA | $1,363 |
| Broadstone Berry Hill | A5 | 1BR,1BA | $1,363 |
| Village South Apartments | Alara | 1BR,1BA | $1,415 |
Best Value Apartments for Rent in Melrose Waverly, TN
As of June 08, 2026 the best value apartment in the Melrose Waverly area is the $2.49 price per square foot A3 Model at 8th & Berry in the in the Green Hills neighborhood starting from $1,939. The second greatest value Melrose Waverly apartment is the One Bedroom Model at Bransford Apartments starting at $1,350 with a $1.80 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 8th & Berry | A3 | 1BR,1BA | $2.49 |
| Bransford Apartments | One Bedroom | 1BR,1BA | $1.80 |
| IMT 8 South | A1 | 1BR,1BA | $2.36 |
| Anchor | A3 | 1BR,1BA | $2.52 |
| Woodmont Terrace | Noelton | 1BR,1BA | $1.84 |
| 12th & Wedgewood | A2 | 1BR,1BA | $2.43 |
| Gale Lofts | Gale | 1BR,1BA | $1.98 |
| Village South Apartments | Emerson (Private Courtyard) | 1BR,1BA | $2.48 |
| 23Hundred at Berry Hill | A1 | 1BR,1BA | $2.21 |
| Argyle Avenue Apartments | 1x1-60% | 1BR,1BA | $2.16 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleMelrose Waverly, Nashville, TN
Ranked #51
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 $1,415.
What is the price of a cheap apartment in Melrose Waverly?
The cheapest apartment in Melrose Waverly is 83 Freight which is listed at $1,150, while the average apartment in Melrose Waverly costs $6,419.
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 24 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 $285 which is $6,134 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

A Nashville Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent
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I’m Brandie, your ApartmentHomeLiving.com local expert for Nashville, Tennessee.

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Articles, How-To's, and Tips

Pet-Friendly Renting: Everything You Need to Know Before You Move
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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.

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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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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.