Best Affordable Neighborhoods in Nashville, TN
Some of the cheapest neighborhoods in Nashville are Crestview Estates, Kingswood Park, and Madison Park. These neighborhoods offer some of the lowest rent prices in Nashville, making them ideal for renters on a budget. As of December 28, 2025, the average rent in Nashville is $1,651, which is 2.1% 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.
Crestview Estates
Average Rent
$994/Month
Units Available
17 Rentals
If you’re looking for a great, affordable neighborhood in Nashville, Crestview Estates might be the perfect place! It has an average rent price of $994, while the city’s average stands at $1,651. Crestview Estates is near Tennessee State University, Old Towne Village, and Nashville International.
Kingswood Park
Average Rent
$1,002/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 $1,002 while the city average is $1,651. Residents enjoy convenient access to Hamilton Creek Trails, Trevecca Nazarene University, and Nashville Zoo. The neighborhood is considered somewhat walkable with a WalkScore® of 65.
Madison Park
Average Rent
$1,017/Month
Units Available
38 Rentals
When you’re looking for a great Nashville neighborhood on a budget, check out Madison Park. The average rent is $1,017, compared to the city average of $1,651. Madison Park is convenient to Nashville International, Adventure Science Center, and Primrose Center.
Spence Lane
Average Rent
$1,028/Month
TransitScore® Rating
29/100
Units Available
18 Rentals
Spence Lane is an affordable neighborhood in Nashville with an average rent price of $1,028. Compare this to the city average of $1,651. Spence Lane provides easy access to Belmont University, Vanderbilt University, and Bicentennial Capitol Mall State Park. It’s a car-dependent neighborhood with a WalkScore® of 21.
Town Park Estates
Average Rent
$1,030/Month
TransitScore® Rating
36/100
Units Available
11 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 $1,030, while the city’s average stands at $1,651. Town Park Estates is near Perimeter Park Center, Vanderbilt University, and Tennessee Agricultural Museum.
Glengarry
Average Rent
$1,050/Month
Year-Over-Year Rent Change
2.5%
TransitScore® Rating
38/100
Units Available
24 Rentals
Glengarry is a top choice for budget-conscious renters for a variety of reasons. The average rent in Glengarry is $1,050 while the city average is $1,651. This is a -2.5% difference from last year. Residents enjoy convenient access to Gower Center, Mill Creek Center, and Trevecca Nazarene University. The neighborhood is considered somewhat walkable with a WalkScore® of 53.
Mcmurray Hills
Average Rent
$1,057/Month
Units Available
13 Rentals
When you’re looking for a great Nashville neighborhood on a budget, check out Mcmurray Hills. The average rent is $1,057, compared to the city average of $1,651. Mcmurray Hills is convenient to Vanderbilt University, Nashville Zoo, and Trevecca Nazarene University.
Piccadilly Square
Average Rent
$1,079/Month
Year-Over-Year Rent Change
2.6%
TransitScore® Rating
28/100
Units Available
34 Rentals
Piccadilly Square is an affordable neighborhood in Nashville with an average rent price of $1,079. Compare this to the city average of $1,651. In the past year, rent prices have decreased by 2.6%. Piccadilly Square provides easy access to Belmont University, Tennessee Agricultural Museum, and Long Hunter State Park. It’s a car-dependent neighborhood with a WalkScore® of 17.
Oakhill Townhomes
Average Rent
$1,087/Month
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Nashville, Oakhill Townhomes might be the perfect place! It has an average rent price of $1,087, while the city’s average stands at $1,651. Oakhill Townhomes is near Lipscomb University, Vanderbilt University, and Tennessee Agricultural Museum.
Welch Bend
Average Rent
$1,098/Month
Units Available
47 Rentals
Welch Bend is a top choice for budget-conscious renters for a variety of reasons. The average rent in Welch Bend is $1,098 while the city average is $1,651. Residents enjoy convenient access to Edmondson Pike Retail Center, Radnor Lake State Park, and Vanderbilt Dyer Observatory.
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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.