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

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

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Argyle Avenue Senior
1 Bedroom Apartments

Argyle Avenue Senior

755 E Argyle AveNashville, TN 37203
Senior Living
  • Utilities Included
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Bransford on Berry
1 to 2 Bedroom Apartments

Bransford on Berry

704 Berry RdNashville, TN 37204
  • Utilities Included
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Gale Lofts
1 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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12th & Wedgewood
1 to 2 Bedroom Apartments

12th & Wedgewood

1500 12th Ave SNashville, TN 37203

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 Studio unit found at 445 Park Commons priced from $1,045. Octave Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,306. Here are the most affordable Melrose Waverly apartments for rent in Nashville, TN:

Apartment ListingModel NameBed/BathPriced From
445 Park CommonsS1-Studio-60%Studio,1BA$1,045
Octave ApartmentsS1Studio,1BA$1,306
8th & BerryS1Studio,1BA$1,366
Melrose ApartmentsApolloStudio,1BA$1,370
Gale LoftsGale1BR,1BA$1,387

Best Value Apartments for Rent in Melrose Waverly, TN

As of April 25, 2025 the best value apartment in the Melrose Waverly area is the $1.53 price per square foot 542 Southgate Ave Model at 542 Southgate Ave, Unit 203 in the in the South Nashville neighborhood starting from $2,750. The second greatest value Melrose Waverly apartment is the Steinway Model at Villa Adrian Apartments starting at $2,090 with a $1.31 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.
542 Southgate Ave, Unit 203542 Southgate Ave2BR,2.5BA$1.53
Villa Adrian ApartmentsSteinway2BR,2BA$1.31
Oxenfree WeHoAscent 3 x 3.5 A3BR,3.5BA$2.33
IMT 8 SouthA21BR,1BA$2.25
23Hundred at Berry HillA21BR,1BA$2.36
Braxton Music CityA31BR,1BA$2.34
Gale LoftsGale1BR,1BA$2.13
Village South ApartmentsAlara1BR,1BA$2.18
Parkview MidtownStudio S1Studio ,1BA$2.64
Octave ApartmentsS1-HCStudio ,1BA$2.46

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Pet Friendly Lifestyle
Melrose Waverly, Nashville, TN

Ranked #50

Among neighborhoods in Nashville, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Getting Around the Melrose Waverly Neighborhood in Nashville, TN

Walk Score®

60 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

39 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

10 / 100

Minimal Transit

It may be possible to get on a bus

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 $1,560.

What is the price of a cheap apartment in Melrose Waverly?

The cheapest apartment in Melrose Waverly is 445 Park Commons which is listed at $1,205, while the average apartment in Melrose Waverly costs $9,100.

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 60 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 $372 which is $8,728 cheaper than the average rent for all rentals in Melrose Waverly.

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.

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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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.