
Cheap Homes for Rent in Melrose Waverly Neighborhood of Nashville, TN from $1,100 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Melrose Waverly area of Nashville.


542 Southgate Ave

1303 Acklen Ave
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
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376 Herron Dr, Unit 4

414 Rosedale Ave

1900 12th Ave S
Nashville's Best Affordable Neighborhoods
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933 S Douglas Ave
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 | $2,698 | $1,500 | $4,500 |
Melrose Waverly 3 Bedroom Homes for Rent | $4,270 | $3,200 | $6,500 |
Melrose Waverly 4 Bedroom Homes for Rent | $5,298 | $4,300 | $5,900 |
Melrose Waverly 5 Bedroom Homes for Rent | $7,250 | $7,250 | $7,250 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 $1,045. 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
445 Park Commons | S1-Studio-60% | Studio,1BA | $1,045 |
Octave Apartments | S1 | Studio,1BA | $1,306 |
8th & Berry | S1 | Studio,1BA | $1,366 |
Best Value Apartments for Rent in Melrose Waverly, TN
As of April 26, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
542 Southgate Ave, Unit 203 | 542 Southgate Ave | 2BR,2.5BA | $1.53 |
Villa Adrian Apartments | Steinway | 2BR,2BA | $1.31 |
Oxenfree WeHo | Ascent 3 x 3.5 A | 3BR,3.5BA | $2.33 |
IMT 8 South | A2 | 1BR,1BA | $2.25 |
23Hundred at Berry Hill | A2 | 1BR,1BA | $2.36 |
Braxton Music City | A3 | 1BR,1BA | $2.34 |
Gale Lofts | Gale | 1BR,1BA | $2.13 |
Village South Apartments | Alara | 1BR,1BA | $2.18 |
Parkview Midtown | Studio S1 | Studio ,1BA | $2.64 |
Octave Apartments | S1-HC | Studio ,1BA | $2.46 |
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Frequently Asked Questions about Melrose Waverly
What type of rentals are currently available in Melrose Waverly?
There are currently 82 Apartments for Rent in Melrose Waverly, TN with pricing that ranges from $1,045 to $29,970. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose Waverly ranging from $1,195 to $7,250.
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 $1,195 to $7,250 with an average monthly rent of $3,820.
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 $3,150 to $4,730, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,200 to $6,500. Four Bedroom Single-Family rentals are also available starting from $4,300 and Four Bedroom Apartments start at $4,042.
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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Written by: Brandie Parton
I’m Brandie, your ApartmentHomeLiving.com local expert for Nashville, Tennessee.

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.

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.

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.