Cheap Homes for Rent in Melrose Waverly Neighborhood of Nashville, TN from $800 (22 Rentals)

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

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.

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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.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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 $989. 83 Freight has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here are the most affordable Melrose Waverly apartments for rent in Nashville, TN:

Apartment ListingModel NameBed/BathPriced From
Argyle Avenue Apartments1x1-1-50%1BR,1BA$989
83 FreightStudio1BR,1BA$1,100
12th & WedgewoodA1- 60%1BR,1BA$1,205
Gale LoftsGale1BR,1BA$1,240
Village South ApartmentsSawyer (Screened in Porch)1BR,1BA$1,251

Best Value Apartments for Rent in Melrose Waverly, TN

As of January 09, 2026 the best value apartment in the Melrose Waverly area is the $1.92 price per square foot Ascent 3 x 3.5 A Model at Oxenfree WeHo in the in the Sunnyside neighborhood starting from $2,999. The second greatest value Melrose Waverly apartment is the Clifton Model at Woodmont Terrace starting at $1,475 with a $1.71 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.
Oxenfree WeHoAscent 3 x 3.5 A3BR,3.5BA$1.92
Woodmont TerraceClifton2BR,1BA$1.71
618 Southgate Ave, Unit 618 B618 Southgate Ave1BR,1BA$2.19
IMT 8 SouthA11BR,1BA$2.27
8th & BerryA11BR,1BA$2.03
23Hundred at Berry HillA21BR,1BA$1.87
12th & WedgewoodA1- 60%1BR,1BA$1.79
Gale LoftsGale1BR,1BA$1.91
Village South ApartmentsAlara1BR,1BA$1.93
Argyle Avenue Apartments1x1-1x1-60% -NB1BR,1BA$2.13

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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The 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.

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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.

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Quick 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.

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Pet Friendly Lifestyle
Melrose Waverly, Nashville, TN

Ranked #48

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Melrose Waverly

What type of rentals are currently available in Melrose Waverly?

There are currently 76 Apartments for Rent in Melrose Waverly, TN with pricing that ranges from $989 to $12,399. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose Waverly ranging from $800 to $13,000.

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 $13,000 with an average monthly rent of $4,443.

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 $2,699 to $8,939, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $5,000. Four Bedroom Single-Family rentals are also available starting from $2,249 and Four Bedroom Apartments start at $3,277.

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.

Articles, How-To's, and Tips

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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.

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.