
Cheap Homes for Rent in Melrose Waverly Neighborhood of Nashville, TN from $800 (23 Rentals)
Search the lowest-cost Homes available for rent right now in the Melrose Waverly area of Nashville.


700 Craighead St, Unit Downtown View

1305 Acklen Ave

2020 Beech Ave

1609 Marshall Hollow Dr

2197 Nolensville Pk

2165 Nolensville Pk, Unit 2-219
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.

2165 Nolensville Pk, Unit 2-216

2165 Nolensville Pk, Unit 1-212

2165 Nolensville Pk, Unit 2-118

2165 Nolensville Pk, Unit 1-416

2165 Nolensville Pk, Unit 2-018

2165 Nolensville Pk, Unit 2-115

1900 12th Ave S
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 2-012

2165 Nolensville Pk, Unit 1-125

2165 Nolensville Pk, Unit 1-118

3108 Lealand Ln

1613 Marshall Hollow Dr

400 Herron Dr, Unit 321, Unit 321

2407 8th Ave S, Unit 406
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.

2310 Elliott Ave, Unit 108, Unit 108

400 Herron Dr, Unit 118, Unit 118
Melrose Waverly, Nashville, TN Local Guide

How much does it cost to rent a home in Melrose Waverly?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Melrose Waverly 2 Bedroom Homes for Rent | $2,016 | $1,500 | $2,900 |
| Melrose Waverly 3 Bedroom Homes for Rent | $3,673 | $2,349 | $5,500 |
| Melrose Waverly 4 Bedroom Homes for Rent | $5,211 | $3,500 | $8,500 |
| Melrose Waverly 5 Bedroom Homes for Rent | $5,266 | $4,600 | $6,200 |
| Melrose Waverly 6 Bedroom Homes for Rent | $5,495 | $5,495 | $5,495 |
Browse Homes for Rent in this Neighborhood
There are currently 23 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 $1,131. 83 Freight 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 445 Park Commons | S1-Studio-60% | Studio,1BA | $1,131 |
| 83 Freight | Studio | 1BR,1BA | $1,150 |
| Woodmont Terrace | Clairmont | 1BR,1BA | $1,185 |
| Argyle Avenue Apartments | 1x1-60% | 1BR,1BA | $1,205 |
| Gale Lofts | Gale | 1BR,1BA | $1,214 |
Best Value Apartments for Rent in Melrose Waverly, TN
As of April 20, 2026 the best value apartment in the Melrose Waverly area is the $1.31 price per square foot Steinway Model at Villa Adrian Apartments in the in the Green Hills neighborhood starting from $2,100. The second greatest value Melrose Waverly apartment is the C1 Model at 8th & Berry starting at $3,005 with a $2.07 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. |
|---|---|---|---|
| Villa Adrian Apartments | Steinway | 2BR,2BA | $1.31 |
| 8th & Berry | C1 | 3BR,2BA | $2.07 |
| Bransford Apartments | Two Bedrooms | 2BR,1BA | $1.63 |
| Woodmont Terrace | Clairmont | 1BR,1BA | $1.73 |
| Braxton Music City | A3 | 1BR,1BA | $2.52 |
| 12th & Wedgewood | A2 | 1BR,1BA | $2.43 |
| Gale Lofts | Gale | 1BR,1BA | $1.87 |
| 23Hundred at Berry Hill | A1 | 1BR,1BA | $2.21 |
| IMT 8 South | E1 | Studio ,1BA | $2.37 |
| Argyle Avenue Apartments | 1x1-60% | 1BR,1BA | $2.13 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 #52
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Melrose Waverly
What type of rentals are currently available in Melrose Waverly?
There are currently 67 Apartments for Rent in Melrose Waverly, TN with pricing that ranges from $1,131 to $7,675. There are also 60 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose Waverly ranging from $800 to $8,500.
What is the current price range for Rental Homes in Melrose Waverly?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Melrose Waverly ranges from $800 to $8,500 with an average monthly rent of $3,883.
How much are larger Three and Four Bedroom Rentals in Melrose Waverly?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Melrose Waverly range from $2,939 to $5,910, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,349 to $5,500. Four Bedroom Single-Family rentals are also available starting from $3,500 and Four Bedroom Apartments start at $4,278.
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
Written by: Brandie Parton
I’m Brandie, your ApartmentHomeLiving.com local expert for Nashville, Tennessee.

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.

A Locals Look at Nashvilles Best Neighborhoods to Rent Near the Areas Largest Employers
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Hi there, I am Brandie Parton, your local expert for Nashville, TN, with ApartmentHomeLiving.com.
Articles, How-To's, and Tips

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.