Cheap Homes for Rent in Melrose Waverly Neighborhood of Nashville, TN from $1,400 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the Melrose Waverly area of Nashville.

414 Rosedale Ave
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.

410 Rosedale Ave

1609 Marshall Hollow Dr

2197 Nolensville Pike, Unit 128

933 S Douglas Ave
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.

542 Southgate Ave

1709 Stewart Pl

400 Herron Dr, Unit 321

1714 Allison Pl

1613 Marshall Hollow Dr
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.
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 | $2,235 | $1,795 | $2,500 |
Melrose Waverly 3 Bedroom Homes for Rent | $3,326 | $1,895 | $5,500 |
Melrose Waverly 4 Bedroom Homes for Rent | $4,102 | $2,349 | $6,500 |
Melrose Waverly 5 Bedroom Homes for Rent | $4,600 | $4,600 | $4,600 |
Melrose Waverly 6 Bedroom Homes for Rent | $6,000 | $6,000 | $6,000 |
Browse Homes for Rent in this Neighborhood
There are currently 16 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 1 Bed unit found at Gale Lofts priced from $1,256. Melrose Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,273. Here are the most affordable Melrose Waverly apartments for rent in Nashville, TN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Gale Lofts | Gale | 1BR,1BA | $1,256 |
Melrose Apartments | Apollo | Studio,1BA | $1,273 |
23Hundred at Berry Hill | A1 | 1BR,1BA | $1,289 |
Octave Apartments | S1 | Studio,1BA | $1,294 |
445 Park Commons | S1-Studio - 80% | Studio,1BA | $1,299 |
Best Value Apartments for Rent in Melrose Waverly, TN
As of September 12, 2025 the best value apartment in the Melrose Waverly area is the $2.01 price per square foot Bungalow 3 x 3 A Model at Oxenfree WeHo in the in the Sunnyside neighborhood starting from $2,799. The second greatest value Melrose Waverly apartment is the 2 Bedroom Two Bathroom Model at 12th & Wedgewood starting at $2,100 with a $1.90 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. |
---|---|---|---|
Oxenfree WeHo | Bungalow 3 x 3 A | 3BR,3BA | $2.01 |
12th & Wedgewood | 2 Bedroom Two Bathroom | 2BR,2BA | $1.90 |
Braxton Music City | A3 | 1BR,1BA | $2.30 |
8th & Berry | A5 | 1BR,1BA | $2.23 |
Village South Apartments | Sawyer (Screened in Porch) | 1BR,1BA | $2.24 |
Gale Lofts | Gale | 1BR,1BA | $1.93 |
23Hundred at Berry Hill | A1 | 1BR,1BA | $2.09 |
Parkview Midtown | Studio S2-A | Studio ,1BA | $2.60 |
IMT 8 South | E1 | Studio ,1BA | $2.71 |
Octave Apartments | S2 | Studio ,1BA | $2.44 |
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Pet Friendly LifestyleMelrose Waverly, Nashville, TN
Ranked #53
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet 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 $1,199 to $30,480. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose Waverly ranging from $1,400 to $6,500.
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 $1,400 to $6,500 with an average monthly rent of $3,424.
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 $2,799 to $30,480, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,895 to $5,500. Four Bedroom Single-Family rentals are also available starting from $2,349 and Four Bedroom Apartments start at $3,901.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.