Melrose, Nashville, TN Rental Market Trends
Last updated: November 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Melrose is $1,709, a 5.19% increase compared to the previous year, when the average rent was $1,625.
One-bedroom apartments provide 693 square feet for $1,597, balancing privacy and affordability.
Two-beedroom units at $2,285 offer 1,100 square feet, perfect for roommates or small families.
Average rent in Melrose, Nashville, TN
Last updated: November 19, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,709 | 760 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,597 | 693 sq. ft. |
| 2 Beds | $2,285 | 1,100 sq. ft. |
| 3 Beds | n/a | n/a |
Melrose, Nashville, TN rent trends
Rental prices in Melrose, Nashville, TN have increased by 5.19% over the past year. The average rent moved from $1,625 to $1,709.
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?
3,400 or 46% of the households in Melrose, Nashville, TN are renter-occupied while 4,004 or 54% are owner-occupied.
Most affordable neighborhoods in Melrose?
Caldwell Hall $1,156/month
Elysian Park $1,157/month
Copperfield Terrace $1,242/month
All of these neighborhoods fall below the city wide average of $1,830/month.Most expensive neighborhoods in Melrose?
Downtown Nashville $2,544/month
SoBro $2,568/month
8th Avenue South $2,701/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 | $2,701 |
| SoBro | $2,568 |
| Downtown Nashville | $2,544 |
| The Gulch | $2,448 |
| Edgehill | $2,421 |
| Rolling Mill Hill | $2,356 |
| Germantown | $2,315 |
| Midtown - Vanderbilt University | $2,278 |
| North Capitol - Sulphur Dell - Market District | $2,209 |
| Green Hills | $2,165 |
| Music Row | $2,117 |
| West End - West End Circle | $2,006 |
| West End Park | $2,000 |
| Elliston Place | $1,980 |
| Sylvan Park | $1,964 |
| Berry Hill | $1,946 |
| Buena Vista | $1,930 |
| Hope Gardens | $1,901 |
| Metro Center | $1,878 |
| Hillsboro Village - Hillsboro West End | $1,868 |
| Woodland - in - Waverly | $1,833 |
| Wedgewood - Houston | $1,812 |
| Watkins Park | $1,714 |
| Melrose | $1,709 |
| Maxwell Heights | $1,707 |
| Bellevue | $1,655 |
| The Nations | $1,649 |
| Hillwood | $1,626 |
| Lennox Village | $1,623 |
| Fisk | $1,614 |
| Woodland Point | $1,610 |
| Villages of Brentwood | $1,603 |
| Spence Lane | $1,583 |
| Talbot's Corner | $1,579 |
| Hillwood Heights | $1,569 |
| Charlotte Park | $1,544 |
| Inglewood | $1,542 |
| Valley Brook | $1,537 |
| Nashboro Village | $1,537 |
| Crieve Hall | $1,534 |
| Donelson | $1,488 |
| Glencliff | $1,467 |
| Glengarry Park | $1,430 |
| Southern Hills | $1,386 |
| Woodbine | $1,365 |
| Patricia Heights | $1,356 |
| Whispering Hills | $1,354 |
| White Bridge | $1,350 |
| Plus Park | $1,317 |
| Haywood Acres | $1,313 |
| Cayce | $1,299 |
| Williams Bend | $1,269 |
| McMurray - Huntingdon | $1,264 |
| Oakhill | $1,257 |
| Four Maples | $1,253 |
| Capitol View | $1,244 |
| Copperfield Terrace | $1,242 |
| Elysian Park | $1,157 |
| Caldwell Hall | $1,156 |
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Nashville | Rent Comparison by Neighborhood
Rent in Melrose is 37% lower than in 8th Avenue South
$1,709
Melrose rent is the same as Nashville average
Average Rent
$1,709
$2,701
8th Avenue South rent is 58% higher than Nashville average
Average Rent
$2,701
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.