Most Affordable Neighborhoods in Nashville, TN
Some of the cheapest neighborhoods in Nashville are Piccadilly Square, Gra-Mar Acres, and Chelsea Village. These neighborhoods offer some of the lowest rent prices in Nashville, making them ideal for renters on a budget. As of June 24, 2025, the average rent in Nashville is $1,721, which is 0.6% lower 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.
Piccadilly Square
Average Rent
$989/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
28/100
Units Available
35 Rentals
When you’re looking for a great Nashville neighborhood on a budget, check out Piccadilly Square. The average rent is $989, compared to the city average of $1,721. Rent prices have decreased by 1.8%. Piccadilly Square is convenient to Crossgate Village, Nashville Zoo, and Nashboro Village. The community is car-dependent with a WalkScore® of 17.
Gra-Mar Acres
Average Rent
$1,002/Month
Units Available
14 Rentals
Gra-Mar Acres is an affordable neighborhood in Nashville with an average rent price of $1,002. Compare this to the city average of $1,721.
Chelsea Village
Average Rent
$1,038/Month
TransitScore® Rating
34/100
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Nashville, Chelsea Village might be the perfect place! It has an average rent price of $1,038, while the city’s average stands at $1,721. Chelsea Village is near Long Hunter State Park, Shelby Bottoms Nature Center, and Nashville Zoo.
Welch Bend
Average Rent
$1,083/Month
Units Available
26 Rentals
Welch Bend is a top choice for budget-conscious renters for a variety of reasons. The average rent in Welch Bend is $1,083 while the city average is $1,721. Residents enjoy convenient access to Tennessee Agricultural Museum, Vanderbilt University, and Harding Place.
Glengarry
Average Rent
$1,090/Month
Year-Over-Year Rent Change
5.4%
TransitScore® Rating
38/100
Units Available
34 Rentals
When you’re looking for a great Nashville neighborhood on a budget, check out Glengarry. The average rent is $1,090, compared to the city average of $1,721. Rent prices have decreased by 5.4%. Glengarry is convenient to Vanderbilt University, Adventure Science Center, and Gower Center. The community is somewhat walkable with a WalkScore® of 53.
Spence Lane
Average Rent
$1,125/Month
TransitScore® Rating
29/100
Units Available
18 Rentals
Spence Lane is an affordable neighborhood in Nashville with an average rent price of $1,125. Compare this to the city average of $1,721. Spence Lane provides easy access to Trevecca Nazarene University, Belmont University, and Nashville International. It’s a car-dependent neighborhood with a WalkScore® of 21.
Town Park Estates
Average Rent
$1,127/Month
TransitScore® Rating
36/100
Units Available
18 Rentals
If you’re looking for a great, affordable neighborhood in Nashville, Town Park Estates might be the perfect place! It has an average rent price of $1,127, while the city’s average stands at $1,721. Town Park Estates is near Pinnacle Point, Hamilton Creek Trails, and Vanderbilt University.
Kingswood Park
Average Rent
$1,150/Month
TransitScore® Rating
34/100
Units Available
11 Rentals
Kingswood Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Kingswood Park is $1,150 while the city average is $1,721. Residents enjoy convenient access to Plaza Talpa, Vanderbilt Dyer Observatory, and Vanderbilt University. The neighborhood is considered somewhat walkable with a WalkScore® of 65.
Kenilworth Estates
Average Rent
$1,158/Month
Units Available
11 Rentals
When you’re looking for a great Nashville neighborhood on a budget, check out Kenilworth Estates. The average rent is $1,158, compared to the city average of $1,721. Kenilworth Estates is convenient to Harding Place, Lipscomb University, and Hamilton Creek Trails.
Rosemonte
Average Rent
$1,170/Month
TransitScore® Rating
32/100
Units Available
18 Rentals
Rosemonte is an affordable neighborhood in Nashville with an average rent price of $1,170. Compare this to the city average of $1,721. Rosemonte provides easy access to Trevecca Nazarene University, Lipscomb University, and Tennessee Agricultural Museum. It’s a car-dependent neighborhood with a WalkScore® of 36.
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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.