Cheapest Neighborhoods in Nashville, TN
Some of the cheapest neighborhoods in Nashville are Cloverhill, Madison Park, and Mcmurray Woods. These neighborhoods offer some of the lowest rent prices in Nashville, making them ideal for renters on a budget. As of August 11, 2026, the average rent in Nashville is $1,700, which is 0.3% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Cloverhill
Average Rent
$947/Month
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Nashville, Cloverhill might be the perfect place! It has an average rent price of $947, while the city’s average stands at $1,700. Cloverhill is near Belmont University, Tennessee Central Railway Museum, and Trevecca Nazarene University.
Madison Park
Average Rent
$1,001/Month
Units Available
23 Rentals
Madison Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Madison Park is $1,001 while the city average is $1,700. Residents enjoy convenient access to Adventure Science Center, Meharry Medical College, and Primrose Center.
Mcmurray Woods
Average Rent
$1,001/Month
Units Available
24 Rentals
When you’re looking for a great Nashville neighborhood on a budget, check out Mcmurray Woods. The average rent is $1,001, compared to the city average of $1,700. Mcmurray Woods is convenient to Hill Center - Nolensville & Ocala, Hickory Trace Village, and Vanderbilt Dyer Observatory.
Battery Crest
Average Rent
$1,041/Month
Units Available
11 Rentals
Battery Crest is an affordable neighborhood in Nashville with an average rent price of $1,041. Compare this to the city average of $1,700. Battery Crest provides easy access to Nashville Zoo, Kenrose Plaza, and Adventure Science Center.
McMurray
Average Rent
$1,046/Month
Year-Over-Year Rent Change
5.6%
Units Available
96 Rentals
If you’re looking for a great, affordable neighborhood in Nashville, McMurray might be the perfect place! It has an average rent price of $1,046, while the city’s average stands at $1,700. In the last year, prices have decreased by 5.6%. McMurray is near 5300-5308 Nolensville Pike, Nashville International, and Vanderbilt University.
Spence Lane
Average Rent
$1,050/Month
Units Available
15 Rentals
Spence Lane is a top choice for budget-conscious renters for a variety of reasons. The average rent in Spence Lane is $1,050 while the city average is $1,700. Residents enjoy convenient access to Trevecca Nazarene University, Bicentennial Capitol Mall State Park, and Shelby Bottoms Nature Center.
Parkview Estates
Average Rent
$1,068/Month
Units Available
12 Rentals
When you’re looking for a great Nashville neighborhood on a budget, check out Parkview Estates. The average rent is $1,068, compared to the city average of $1,700. Parkview Estates is convenient to Lipscomb University, Belmont University, and Tennessee Agricultural Museum.
Lincoya Bay Townhomes
Average Rent
$1,072/Month
Units Available
15 Rentals
Lincoya Bay Townhomes is an affordable neighborhood in Nashville with an average rent price of $1,072. Compare this to the city average of $1,700. Lincoya Bay Townhomes provides easy access to Priest Point, The Hermitage, and Vanderbilt University.
Glengarry
Average Rent
$1,082/Month
Year-Over-Year Rent Change
8.5%
Units Available
34 Rentals
If you’re looking for a great, affordable neighborhood in Nashville, Glengarry might be the perfect place! It has an average rent price of $1,082, while the city’s average stands at $1,700. In the last year, prices have decreased by 8.5%. Glengarry is near Nashville International, Lipscomb University, and Crescent Plaza.
Rosemonte
Average Rent
$1,101/Month
Units Available
13 Rentals
Rosemonte is a top choice for budget-conscious renters for a variety of reasons. The average rent in Rosemonte is $1,101 while the city average is $1,700. Residents enjoy convenient access to Radnor Lake State Park, Nashville International, and Tennessee Agricultural Museum.
Ready to make your move to Nashville? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.