Most Affordable Neighborhoods in Nashville, TN
Some of the cheapest neighborhoods in Nashville are Southeast Nashville, East Nashville, and Melrose-Waverly. These neighborhoods offer some of the lowest rent prices in Nashville, making them ideal for renters on a budget. As of January 26, 2025, the average rent in Nashville is $1,662, which is 1.3% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Southeast Nashville
Average Rent
$1,483/Month
TransitScore® Rating
26/100
Units Available
1,728 Rentals
Southeast Nashville offers budget-friendly living with convenient access to local parks and amenities. Cane Ridge Park provides expansive green spaces for outdoor activities, while Opry Mills caters to shopping needs. Plus, the neighborhood's proximity to major highways ensures easy commuting.
East Nashville
Average Rent
$1,803/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
39/100
Units Available
331 Rentals
East Nashville stands out for its budget-friendly housing and lively cultural scene. With its golf course and nature center, Shelby Park offers abundant recreational opportunities. Plus, the neighborhood's charm is enhanced by Five Points, renowned for its varied array of shops and restaurants.
Melrose-Waverly
Average Rent
$1,859/Month
Year-Over-Year Rent Change
2.9%
TransitScore® Rating
10/100
Units Available
245 Rentals
Melrose-Waverly is an affordable neighborhood in Nashville with an average rent price of $1,859. Compare this to the city average of $1,662. In the past year, rent prices have increased by 2.9%. Melrose-Waverly provides easy access to 2181 Nolensville Road Center, Vanderbilt University, and Trevecca Nazarene University. It’s a somewhat walkable neighborhood with a WalkScore® of 60.
Bellevue
Average Rent
$1,870/Month
Year-Over-Year Rent Change
3.4%
TransitScore® Rating
0/100
Units Available
307 Rentals
Bellevue combines affordability with natural beauty and diverse amenities. Edwin Warner Park features extensive trails and picnic areas, perfect for weekend outings. While One Bellevue Place and surrounding shops offer ample choices for dining and retail therapy.
Riverfront
Average Rent
$1,944/Month
Year-Over-Year Rent Change
2.8%
TransitScore® Rating
66/100
Units Available
186 Rentals
If you’re looking for a great, affordable neighborhood in Nashville, Riverfront might be the perfect place! It has an average rent price of $1,944, while the city’s average stands at $1,662. In the last year, prices have increased by 2.8%. Riverfront is near Nashville International, Adventure Science Center, and Demonbreun Hill.
Cameron Trimble
Average Rent
$1,963/Month
Year-Over-Year Rent Change
3.9%
TransitScore® Rating
47/100
Units Available
224 Rentals
Cameron Trimble is a top choice for budget-conscious renters for a variety of reasons. The average rent in Cameron Trimble is $1,963 while the city average is $1,662. This is a -3.9% difference from last year. Residents enjoy convenient access to Tennessee Central Railway Museum, 2181 Nolensville Road Center, and The Gulch. The neighborhood is considered walkable with a WalkScore® of 77.
West Nashville
Average Rent
$1,964/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
0/100
Units Available
463 Rentals
West Nashville appeals to renters seeking affordable living close to key amenities. Charlotte Park provides sports fields and walking trails, perfect for outdoor enthusiasts. Furthermore, the area’s numerous shopping centers, including Nashville West, ensure convenience.
South Nashville
Average Rent
$1,983/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
43/100
Units Available
609 Rentals
When you’re looking for a great Nashville neighborhood on a budget, check out South Nashville. The average rent is $1,983, compared to the city average of $1,662. Rent prices have decreased by 1.8%. South Nashville is convenient to Belmont University, 2181 Nolensville Road Center, and Adventure Science Center. The community is walkable with a WalkScore® of 74.
Germantown
Average Rent
$2,059/Month
Year-Over-Year Rent Change
5%
TransitScore® Rating
49/100
Units Available
1,156 Rentals
Germantown is an affordable neighborhood in Nashville with an average rent price of $2,059. Compare this to the city average of $1,662. In the past year, rent prices have decreased by 5%. Germantown provides easy access to Otey Center, Rose Park, and New Urban Shopping Center. It’s a walkable neighborhood with a WalkScore® of 71.
West End Nashville
Average Rent
$2,102/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
26/100
Units Available
752 Rentals
If you’re looking for a great, affordable neighborhood in Nashville, West End Nashville might be the perfect place! It has an average rent price of $2,102, while the city’s average stands at $1,662. In the last year, prices have increased by 1%. West End Nashville is near Coleman Center, Gallery At Green Hills, and Nashville State Comm. Coll..
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.