Melrose, Nashville, TN Rental Market Trends
Last updated: April 13, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Melrose is $1,658, a 3.06% decrease compared to the previous year, when the average rent was $1,710.
One-bedroom apartments provide 693 square feet for $1,582, balancing privacy and affordability.
Two-beedroom units at $2,049 offer 1,100 square feet, perfect for roommates or small families.
Average rent in Melrose, Nashville, TN
Last updated: April 13, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,658 | 760 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,582 | 693 sq. ft. |
| 2 Beds | $2,049 | 1,100 sq. ft. |
| 3 Beds | n/a | n/a |
Melrose, Nashville, TN rent trends
Rental prices in Melrose, Nashville, TN have decreased by 3.06% over the past year. The average rent moved from $1,710 to $1,658.
What's the typical rent budget in Melrose, Nashville, TN?
The largest share of rentals in Melrose, Nashville, TN (62%) 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?
222 or 44% of the households in Melrose, Nashville, TN are renter-occupied while 286 or 56% are owner-occupied.
Most affordable neighborhoods in Melrose?
Caldwell Hall $1,102/month
Elysian Park $1,158/month
Oakhill $1,160/month
All of these neighborhoods fall below the city wide average of $1,803/month.Most expensive neighborhoods in Melrose?
Downtown Nashville $2,596/month
SoBro $2,601/month
8th Avenue South $2,672/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Nashville, TN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| 8th Avenue South | $2,672 |
| SoBro | $2,601 |
| Downtown Nashville | $2,596 |
| Edgehill | $2,449 |
| The Gulch | $2,359 |
| Robertson | $2,350 |
| Rolling Mill Hill | $2,338 |
| Midtown - Vanderbilt University | $2,232 |
| Germantown | $2,232 |
| North Capitol - Sulphur Dell - Market District | $2,190 |
| Green Hills | $2,133 |
| Demonbreun Hill | $2,109 |
| Salemtown | $2,109 |
| Ruthledge Hill - Lafayette | $2,038 |
| Haynes Heights | $2,033 |
| West End - West End Circle | $2,013 |
| Music Row | $2,010 |
| Berry Hill | $1,932 |
| Elliston Place | $1,925 |
| Sylvan Park | $1,918 |
| Preston Taylor | $1,907 |
| Hope Gardens | $1,904 |
| Metro Center | $1,902 |
| West End Park | $1,886 |
| Woodland - in - Waverly | $1,884 |
| Buena Vista | $1,790 |
| Hillsboro Village - Hillsboro West End | $1,764 |
| Wedgewood - Houston | $1,763 |
| Historic Buena Vista | $1,745 |
| Trevecca | $1,729 |
| Fisk | $1,713 |
| Melrose | $1,658 |
| Watkins Park | $1,658 |
| Hillwood | $1,641 |
| Bellevue | $1,629 |
| Crieve Hall | $1,607 |
| Maxwell Heights | $1,606 |
| The Nations | $1,605 |
| Spence Lane | $1,601 |
| Woodland Point | $1,576 |
| Talbot's Corner | $1,547 |
| Inglewood | $1,538 |
| Lennox Village | $1,536 |
| Valley Brook | $1,515 |
| Charlotte Park | $1,504 |
| Hillwood Heights | $1,502 |
| Glencliff | $1,482 |
| Villages of Brentwood | $1,467 |
| Southern Hills | $1,435 |
| Donelson | $1,430 |
| Glengarry Park | $1,414 |
| Woodbine | $1,380 |
| Glencliff Estates | $1,379 |
| Nashboro Village | $1,378 |
| White Bridge | $1,360 |
| Cayce | $1,343 |
| Haywood Acres | $1,295 |
| Blanchard Heights | $1,291 |
| Whispering Hills | $1,290 |
| Plus Park | $1,281 |
| McMurray - Huntingdon | $1,255 |
| Copperfield Terrace | $1,234 |
| Four Maples | $1,229 |
| Patricia Heights | $1,220 |
| Williams Bend | $1,194 |
| Capitol View | $1,186 |
| Oakhill | $1,160 |
| Elysian Park | $1,158 |
| Caldwell Hall | $1,102 |
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Nashville | Rent Comparison by Neighborhood
Rent in Melrose is 38% lower than in 8th Avenue South
$1,658
Melrose rent is the same as Nashville average
Average Rent
$1,658
$2,672
8th Avenue South rent is 61% higher than Nashville average
Average Rent
$2,672
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.