Cheap Apartments for Rent in the Melrose Waverly Neighborhood of Nashville, TN from $1,000 (29 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
$1,566 - $2,586
Total Monthly Price

Total Monthly Price

Base Rent
$1,566 - $2,586
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

IMT 8 South

2405 8th Ave SNashville, TN 37204
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 1813 Martin St

$1,575

2 Bedroom, 2 Bath Home for Rent

Available Now

1813 Martin St

NashvilleTN37203
property at 376 Herron Dr

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650
Total Monthly Price
$1,650

1 Bedroom, 1 Bath Condo for Rent

Available Sep 15

376 Herron Dr, Unit 4

376 Herron Dr
NashvilleTN37210

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Parkview Midtown
$1,765 - $2,450
Total Monthly Price

Total Monthly Price

Base Rent
$1,765 - $2,450
Total Monthly Price
$1,765 - $2,450
1 to 2 Bedroom Apartments Available Now

Parkview Midtown

700 Wedgewood ParkNashville, TN 37203
Affordability
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  • Utilities Included
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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

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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Showing Results 1-29, Page 1 of 1

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 1 Bed unit found at Argyle Avenue Apartments priced from $1,001. 445 Park Commons has the second lowest priced unit, which is a Studio apartment currently listed from $1,128. Here are the most affordable Melrose Waverly apartments for rent in Nashville, TN:

Apartment ListingModel NameBed/BathPriced From
Argyle Avenue Apartments1x1- 50%1BR,1BA$1,001
445 Park CommonsS1b.6 (Varied Income)Studio,1BA$1,128
The ByrumStudio1BR,1BA$1,150
Village South ApartmentsAlara1BR,1BA$1,180
Woodmont TerraceClairmont1BR,1BA$1,185
23Hundred at Berry HillA11BR,1BA$1,246
Octave ApartmentsS1Studio,1BA$1,285
Melrose ApartmentsFox1BR,1BA$1,439
8th & BerryA1A1BR,1BA$1,617
CODADapper1BR,1BA$1,622

Best Value Apartments for Rent in Melrose Waverly, TN

As of July 23, 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 Two/Two Model at Parkview Midtown starting at $2,265 with a $2.06 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Villa Adrian ApartmentsKeystone2BR,2BA$1.38
Parkview MidtownTwo/Two2BR,2BA$2.06
1705 Ridley Blvd, Unit A1705 Ridley Blvd2BR,2.5BA$1.81
Melrose ApartmentsCommodore2BR,2BA$2.24
IMT 8 SouthA11BR,1BA$2.33
CODADapper1BR,1BA$2.28
Woodmont TerraceNoelton1BR,1BA$1.84
Village South ApartmentsEmerson (Private Courtyard)1BR,1BA$2.06
23Hundred at Berry HillA11BR,1BA$2.00
Argyle Avenue Apartments1x1-60%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.

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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 #64

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 $1,622.

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 $5,400.

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 11 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 $333 which is $5,067 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.

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