Melrose, Nashville, TN Rental Market Trends
Last updated: August 02, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Melrose is $1,649, a 2.05% decrease compared to the previous year, when the average rent was $1,683.
One-bedroom apartments provide 693 square feet for $1,542, balancing privacy and affordability.
Average rent in Melrose, Nashville, TN
Last updated: August 02, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,649 | 760 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,542 | 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 2.05% over the past year. The average rent moved from $1,683 to $1,649.
What's the typical rent budget in Melrose, Nashville, TN?
The largest share of rentals in Melrose, Nashville, TN (47%) 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?
Elysian Park $1,094/month
Caldwell Hall $1,148/month
Oakhill $1,158/month
All of these neighborhoods fall below the city wide average of $1,847/month.Most expensive neighborhoods in Melrose?
Downtown Nashville $2,574/month
8th Avenue South $2,695/month
Demonbreun Hill $2,829/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Nashville, TN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Demonbreun Hill | $2,829 |
| 8th Avenue South | $2,695 |
| Downtown Nashville | $2,574 |
| Edgehill | $2,522 |
| SoBro | $2,505 |
| The Gulch | $2,468 |
| Rolling Mill Hill | $2,345 |
| Robertson | $2,335 |
| North Capitol - Sulphur Dell - Market District | $2,288 |
| Germantown | $2,239 |
| Midtown - Vanderbilt University | $2,222 |
| Green Hills | $2,147 |
| West End - West End Circle | $2,127 |
| Music Row | $2,033 |
| Berry Hill | $2,012 |
| West End Park | $1,994 |
| Preston Taylor | $1,966 |
| Metro Center | $1,924 |
| Sylvan Park | $1,893 |
| Woodland - in - Waverly | $1,890 |
| East Hill | $1,860 |
| Hope Gardens | $1,852 |
| Hillsboro Village - Hillsboro West End | $1,847 |
| Wedgewood - Houston | $1,826 |
| Elliston Place | $1,794 |
| The Nations | $1,772 |
| Fisk | $1,752 |
| Buena Vista | $1,691 |
| Bellevue | $1,673 |
| Melrose | $1,649 |
| Watkins Park | $1,636 |
| Inglewood | $1,628 |
| Maxwell Heights | $1,605 |
| Hillwood | $1,570 |
| Spence Lane | $1,558 |
| Talbot's Corner | $1,534 |
| Valley Brook | $1,521 |
| Hillwood Heights | $1,504 |
| Lennox Village | $1,488 |
| Crieve Hall | $1,481 |
| Charlotte Park | $1,478 |
| Glencliff | $1,476 |
| Donelson | $1,431 |
| Nashboro Village | $1,424 |
| Cayce | $1,368 |
| Southern Hills | $1,367 |
| White Bridge | $1,366 |
| Whispering Hills | $1,360 |
| Woodbine | $1,360 |
| Glengarry Park | $1,356 |
| Plus Park | $1,330 |
| Haywood Acres | $1,284 |
| Williams Bend | $1,281 |
| Four Maples | $1,270 |
| Copperfield Terrace | $1,242 |
| McMurray - Huntingdon | $1,239 |
| Capitol View | $1,214 |
| Patricia Heights | $1,161 |
| Oakhill | $1,158 |
| Caldwell Hall | $1,148 |
| Elysian Park | $1,094 |
/
/
Nashville | Rent Comparison by Neighborhood
Rent in Melrose is 39% lower than in 8th Avenue South
$1,649
Melrose rent is the same as Nashville average
Average Rent
$1,649
$2,695
8th Avenue South rent is 63% higher than Nashville average
Average Rent
$2,695
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.