Best Affordable Neighborhoods in Nashville, TN
Some of the cheapest neighborhoods in Nashville are Kingswood Park, Spence Lane, and Lincoya Bay Townhomes. These neighborhoods offer some of the lowest rent prices in Nashville, making them ideal for renters on a budget. As of November 12, 2025, the average rent in Nashville is $1,662, which is 1.5% 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.
Kingswood Park
Average Rent
$997/Month
TransitScore® Rating
34/100
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Nashville, Kingswood Park might be the perfect place! It has an average rent price of $997, while the city’s average stands at $1,662. Kingswood Park is near Tennessee Agricultural Museum, Plaza Talpa, and Vanderbilt University.
Spence Lane
Average Rent
$1,015/Month
TransitScore® Rating
29/100
Units Available
18 Rentals
Spence Lane is a top choice for budget-conscious renters for a variety of reasons. The average rent in Spence Lane is $1,015 while the city average is $1,662. Residents enjoy convenient access to Bicentennial Capitol Mall State Park, Rose Park, and Vanderbilt University. The neighborhood is considered car-dependent with a WalkScore® of 21.
Lincoya Bay Townhomes
Average Rent
$1,037/Month
TransitScore® Rating
0/100
Units Available
34 Rentals
When you’re looking for a great Nashville neighborhood on a budget, check out Lincoya Bay Townhomes. The average rent is $1,037, compared to the city average of $1,662. Lincoya Bay Townhomes is convenient to Nashville Zoo, Belmont University, and Nashville International. The community is car-dependent with a WalkScore® of 30.
Mcmurray Hills
Average Rent
$1,057/Month
Units Available
15 Rentals
Mcmurray Hills is an affordable neighborhood in Nashville with an average rent price of $1,057. Compare this to the city average of $1,662. Mcmurray Hills provides easy access to Vanderbilt Dyer Observatory, Vanderbilt University, and Radnor Lake State Park.
Glengarry
Average Rent
$1,061/Month
Year-Over-Year Rent Change
2.6%
TransitScore® Rating
38/100
Units Available
22 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 $1,061, while the city’s average stands at $1,662. In the last year, prices have decreased by 2.6%. Glengarry is near Vanderbilt University, Gower Center, and Shelby Bottoms Nature Center.
Piccadilly Square
Average Rent
$1,071/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
28/100
Units Available
38 Rentals
Piccadilly Square is a top choice for budget-conscious renters for a variety of reasons. The average rent in Piccadilly Square is $1,071 while the city average is $1,662. This is a 0.1% difference from last year. Residents enjoy convenient access to Nashville International, Pinnacle Point, and Hamilton Creek Trails. The neighborhood is considered car-dependent with a WalkScore® of 17.
Town Park Estates
Average Rent
$1,080/Month
TransitScore® Rating
36/100
Units Available
17 Rentals
When you’re looking for a great Nashville neighborhood on a budget, check out Town Park Estates. The average rent is $1,080, compared to the city average of $1,662. Town Park Estates is convenient to Belmont University, Nashville Zoo, and Shelby Bottoms Nature Center. The community is car-dependent with a WalkScore® of 28.
Oakhill Townhomes
Average Rent
$1,095/Month
Units Available
11 Rentals
Oakhill Townhomes is an affordable neighborhood in Nashville with an average rent price of $1,095. Compare this to the city average of $1,662. Oakhill Townhomes provides easy access to Shoppes of Edmondson Corner, Deerwood Arboretum, and Belmont University.
Williams Bend Townhomes
Average Rent
$1,145/Month
Units Available
16 Rentals
If you’re looking for a great, affordable neighborhood in Nashville, Williams Bend Townhomes might be the perfect place! It has an average rent price of $1,145, while the city’s average stands at $1,662. Williams Bend Townhomes is near Darfons Square, Nashville Zoo, and Lipscomb University.
Lakeridge
Average Rent
$1,145/Month
Units Available
16 Rentals
Lakeridge is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lakeridge is $1,145 while the city average is $1,662. Residents enjoy convenient access to Belmont University, Darfons Square, and Shelby Bottoms Nature Center.
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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.