Melrose, Nashville, TN Rental Market Trends
Last updated: February 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Melrose is $1,700, a 0.05% decrease compared to the previous year, when the average rent was $1,701.
One-bedroom apartments provide 693 square feet for $1,590, balancing privacy and affordability.
Two-beedroom units at $2,267 offer 1,100 square feet, perfect for roommates or small families.
Average rent in Melrose, Nashville, TN
Last updated: February 23, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,700 | 760 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,590 | 693 sq. ft. |
| 2 Beds | $2,267 | 1,100 sq. ft. |
| 3 Beds | n/a | n/a |
Melrose, Nashville, TN rent trends
Rental prices in Melrose, Nashville, TN have decreased by 0.05% over the past year. The average rent moved from $1,701 to $1,700.
What's the typical rent budget in Melrose, Nashville, TN?
The largest share of rentals in Melrose, Nashville, TN (55%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Melrose, Nashville, TN?
236 or 46% of the households in Melrose, Nashville, TN are renter-occupied while 278 or 54% are owner-occupied.
Most affordable neighborhoods in Melrose?
Elysian Park $1,151/month
Williams Bend $1,158/month
Caldwell Hall $1,165/month
All of these neighborhoods fall below the city wide average of $1,825/month.Most expensive neighborhoods in Melrose?
SoBro $2,547/month
8th Avenue South $2,654/month
Downtown Nashville $2,659/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Nashville, TN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Downtown Nashville | $2,659 |
| 8th Avenue South | $2,654 |
| SoBro | $2,547 |
| Edgehill | $2,429 |
| The Gulch | $2,383 |
| Rolling Mill Hill | $2,338 |
| Germantown | $2,279 |
| Midtown - Vanderbilt University | $2,255 |
| Salemtown | $2,241 |
| North Capitol - Sulphur Dell - Market District | $2,238 |
| Robertson | $2,227 |
| Demonbreun Hill | $2,167 |
| Green Hills | $2,154 |
| Haynes Heights | $2,130 |
| Music Row | $2,098 |
| Preston Taylor | $2,022 |
| Ruthledge Hill - Lafayette | $2,016 |
| West End - West End Circle | $2,002 |
| Elliston Place | $1,972 |
| West End Park | $1,967 |
| Sylvan Park | $1,956 |
| Berry Hill | $1,931 |
| Metro Center | $1,924 |
| Woodland - in - Waverly | $1,917 |
| Buena Vista | $1,896 |
| Hope Gardens | $1,884 |
| Wedgewood - Houston | $1,795 |
| Historic Buena Vista | $1,769 |
| Hillsboro Village - Hillsboro West End | $1,755 |
| Maxwell Heights | $1,715 |
| Melrose | $1,700 |
| Watkins Park | $1,679 |
| Trevecca | $1,669 |
| Bellevue | $1,636 |
| Lennox Village | $1,617 |
| Hillwood | $1,615 |
| Fisk | $1,602 |
| Villages of Brentwood | $1,596 |
| The Nations | $1,594 |
| Spence Lane | $1,578 |
| Talbot's Corner | $1,577 |
| Woodland Point | $1,573 |
| Hillwood Heights | $1,561 |
| Charlotte Park | $1,535 |
| Inglewood | $1,534 |
| Valley Brook | $1,515 |
| Crieve Hall | $1,514 |
| Glencliff | $1,477 |
| Donelson | $1,453 |
| Glengarry Park | $1,430 |
| Southern Hills | $1,398 |
| Nashboro Village | $1,392 |
| Woodbine | $1,381 |
| Whispering Hills | $1,359 |
| White Bridge | $1,353 |
| Glencliff Estates | $1,341 |
| Cayce | $1,338 |
| Patricia Heights | $1,328 |
| Haywood Acres | $1,305 |
| Blanchard Heights | $1,293 |
| Four Maples | $1,261 |
| Plus Park | $1,261 |
| Copperfield Terrace | $1,240 |
| Oakhill | $1,239 |
| McMurray - Huntingdon | $1,237 |
| Capitol View | $1,236 |
| Caldwell Hall | $1,165 |
| Williams Bend | $1,158 |
| Elysian Park | $1,151 |
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Nashville | Rent Comparison by Neighborhood
Rent in Melrose is 36% lower than in 8th Avenue South
$1,700
Melrose rent is the same as Nashville average
Average Rent
$1,700
$2,654
8th Avenue South rent is 56% higher than Nashville average
Average Rent
$2,654
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Melrose apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.