Best Affordable Neighborhoods in Nashville, TN
Some of the cheapest neighborhoods in Nashville are Cloverhill, Piccadilly Square, and McMurray. These neighborhoods offer some of the lowest rent prices in Nashville, making them ideal for renters on a budget. As of May 12, 2026, the average rent in Nashville is $1,677, which is 2.8% 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.
Cloverhill
Average Rent
$947/Month
Units Available
12 Rentals
When you’re looking for a great Nashville neighborhood on a budget, check out Cloverhill. The average rent is $947, compared to the city average of $1,677. Cloverhill is convenient to Fisk University, Nashville Zoo, and Emory Commons.
Piccadilly Square
Average Rent
$992/Month
Year-Over-Year Rent Change
8.1%
Units Available
26 Rentals
Piccadilly Square is an affordable neighborhood in Nashville with an average rent price of $992. Compare this to the city average of $1,677. In the past year, rent prices have decreased by 8.1%. Piccadilly Square provides easy access to Tennessee Agricultural Museum, Shelby Bottoms Nature Center, and Hamilton Creek Trails.
McMurray
Average Rent
$1,100/Month
Year-Over-Year Rent Change
6.7%
Units Available
100 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 $1,100, while the city’s average stands at $1,677. In the last year, prices have decreased by 6.7%. McMurray is near Vanderbilt Dyer Observatory, Plaza Talpa, and Nashville Zoo.
Glengarry
Average Rent
$1,103/Month
Year-Over-Year Rent Change
1.5%
Units Available
39 Rentals
Glengarry is a top choice for budget-conscious renters for a variety of reasons. The average rent in Glengarry is $1,103 while the city average is $1,677. This is a -1.5% difference from last year. Residents enjoy convenient access to Shelby Bottoms Nature Center, Vanderbilt University, and Nashville International.
Charlotte Park
Average Rent
$1,256/Month
Year-Over-Year Rent Change
2.1%
Units Available
21 Rentals
When you’re looking for a great Nashville neighborhood on a budget, check out Charlotte Park. The average rent is $1,256, compared to the city average of $1,677. Rent prices have decreased by 2.1%. Charlotte Park is convenient to Centennial Park, The Parthenon, and Belle Meade Plantation.
Crieve Hall
Average Rent
$1,262/Month
Units Available
47 Rentals
Crieve Hall is an affordable neighborhood in Nashville with an average rent price of $1,262. Compare this to the city average of $1,677. Crieve Hall provides easy access to Shoppes of Edmondson Corner, Nashville Zoo, and Belmont University.
Nashboro Village
Average Rent
$1,290/Month
Year-Over-Year Rent Change
3.4%
Units Available
68 Rentals
If you’re looking for a great, affordable neighborhood in Nashville, Nashboro Village might be the perfect place! It has an average rent price of $1,290, while the city’s average stands at $1,677. In the last year, prices have increased by 3.4%. Nashboro Village is near Trevecca Nazarene University, Belmont University, and Pinnacle Point.
Glencliff Estates
Average Rent
$1,291/Month
Units Available
15 Rentals
Glencliff Estates is a top choice for budget-conscious renters for a variety of reasons. The average rent in Glencliff Estates is $1,291 while the city average is $1,677. Residents enjoy convenient access to Tennessee Central Railway Museum, Mill Creek Center, and Vanderbilt University.
Villages of Riverwood
Average Rent
$1,293/Month
Year-Over-Year Rent Change
3.5%
Units Available
39 Rentals
When you’re looking for a great Nashville neighborhood on a budget, check out Villages of Riverwood. The average rent is $1,293, compared to the city average of $1,677. Rent prices have decreased by 3.5%. Villages of Riverwood is convenient to The Hermitage, Nashville International, and Shelby Bottoms Nature Center.
Woodbine
Average Rent
$1,336/Month
Year-Over-Year Rent Change
4.4%
Units Available
14 Rentals
Woodbine is an affordable neighborhood in Nashville with an average rent price of $1,336. Compare this to the city average of $1,677. In the past year, rent prices have increased by 4.4%. Woodbine provides easy access to Adventure Science Center, Lipscomb University, and 2403 Nolensville Pike 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.