Melrose, Nashville, TN Rental Market Trends
Last updated: April 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Melrose is $1,655, a 4.27% decrease compared to the previous year, when the average rent was $1,729.
One-bedroom apartments provide 693 square feet for $1,577, balancing privacy and affordability.
Average rent in Melrose, Nashville, TN
Last updated: April 23, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,655 | 760 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,577 | 693 sq. ft. |
| 2 Beds | n/a | n/a |
| 3 Beds | n/a | n/a |
Melrose, Nashville, TN rent trends
Rental prices in Melrose, Nashville, TN have decreased by 4.27% over the past year. The average rent moved from $1,729 to $1,655.
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?
Caldwell Hall $1,086/month
Oakhill $1,153/month
Capitol View $1,188/month
All of these neighborhoods fall below the city wide average of $1,809/month.Most expensive neighborhoods in Melrose?
8th Avenue South $2,533/month
SoBro $2,610/month
Downtown Nashville $2,617/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 | $2,617 |
| SoBro | $2,610 |
| 8th Avenue South | $2,533 |
| Edgehill | $2,457 |
| Robertson | $2,354 |
| Rolling Mill Hill | $2,346 |
| Midtown - Vanderbilt University | $2,234 |
| Germantown | $2,230 |
| North Capitol - Sulphur Dell - Market District | $2,188 |
| Green Hills | $2,146 |
| Demonbreun Hill | $2,117 |
| West End - West End Circle | $2,020 |
| Music Row | $2,010 |
| Elliston Place | $1,973 |
| East Hill | $1,951 |
| Sylvan Park | $1,944 |
| Berry Hill | $1,938 |
| Metro Center | $1,912 |
| West End Park | $1,898 |
| Woodland - in - Waverly | $1,883 |
| Hope Gardens | $1,853 |
| Buena Vista | $1,796 |
| Hillsboro Village - Hillsboro West End | $1,783 |
| Wedgewood - Houston | $1,768 |
| Fisk | $1,718 |
| Melrose | $1,655 |
| Bellevue | $1,649 |
| Hillwood | $1,644 |
| Watkins Park | $1,644 |
| The Nations | $1,629 |
| Spence Lane | $1,612 |
| Maxwell Heights | $1,609 |
| Crieve Hall | $1,601 |
| Talbot's Corner | $1,546 |
| Lennox Village | $1,537 |
| Inglewood | $1,537 |
| Valley Brook | $1,531 |
| Charlotte Park | $1,505 |
| Hillwood Heights | $1,501 |
| Glencliff | $1,486 |
| Glengarry Park | $1,430 |
| Donelson | $1,422 |
| Southern Hills | $1,410 |
| Nashboro Village | $1,361 |
| White Bridge | $1,353 |
| Cayce | $1,344 |
| Woodbine | $1,315 |
| Plus Park | $1,311 |
| Haywood Acres | $1,300 |
| Whispering Hills | $1,297 |
| Four Maples | $1,260 |
| McMurray - Huntingdon | $1,255 |
| Copperfield Terrace | $1,225 |
| Patricia Heights | $1,217 |
| Williams Bend | $1,212 |
| Capitol View | $1,188 |
| Oakhill | $1,153 |
| Caldwell Hall | $1,086 |
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Nashville | Rent Comparison by Neighborhood
Rent in Melrose is 35% lower than in 8th Avenue South
$1,655
Melrose rent is the same as Nashville average
Average Rent
$1,655
$2,533
8th Avenue South rent is 53% higher than Nashville average
Average Rent
$2,533
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.