Best Affordable Neighborhoods in Nashville, TN
Some of the cheapest neighborhoods in Nashville are Cloverhill, Town Park Estates, and Madison Park. These neighborhoods offer some of the lowest rent prices in Nashville, making them ideal for renters on a budget. As of February 11, 2026, the average rent in Nashville is $1,658, which is 3.4% 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
$1,021/Month
TransitScore® Rating
11/100
Units Available
12 Rentals
Cloverhill is an affordable neighborhood in Nashville with an average rent price of $1,021. Compare this to the city average of $1,658. Cloverhill provides easy access to Nashville International, Hamilton Creek Trails, and Trevecca Nazarene University. It’s a car-dependent neighborhood with a WalkScore® of 6.
Town Park Estates
Average Rent
$1,033/Month
TransitScore® Rating
36/100
Units Available
14 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 $1,033, while the city’s average stands at $1,658. Town Park Estates is near Nashville Zoo, Pinnacle Point, and Perimeter Park Center.
Madison Park
Average Rent
$1,038/Month
Units Available
35 Rentals
Madison Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Madison Park is $1,038 while the city average is $1,658. Residents enjoy convenient access to Meharry Medical College, Old Hickory Shopping Center, and Old Towne Village.
Lincoya Bay Townhomes
Average Rent
$1,039/Month
TransitScore® Rating
0/100
Units Available
28 Rentals
When you’re looking for a great Nashville neighborhood on a budget, check out Lincoya Bay Townhomes. The average rent is $1,039, compared to the city average of $1,658. Lincoya Bay Townhomes is convenient to Hamilton Creek Trails, Shelby Bottoms Nature Center, and Trevecca Nazarene University. The community is car-dependent with a WalkScore® of 30.
Mcmurray Hills
Average Rent
$1,046/Month
Units Available
14 Rentals
Mcmurray Hills is an affordable neighborhood in Nashville with an average rent price of $1,046. Compare this to the city average of $1,658. Mcmurray Hills provides easy access to Williamsburg III, Williamsburg Center II, and Tennessee Agricultural Museum.
Oakhill Townhomes
Average Rent
$1,062/Month
Units Available
14 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 $1,062, while the city’s average stands at $1,658. Oakhill Townhomes is near Nashville Zoo, Deerwood Arboretum, and Edmondson Crossing.
Piccadilly Square
Average Rent
$1,072/Month
Year-Over-Year Rent Change
3%
TransitScore® Rating
28/100
Units Available
37 Rentals
Piccadilly Square is a top choice for budget-conscious renters for a variety of reasons. The average rent in Piccadilly Square is $1,072 while the city average is $1,658. This is a -3% difference from last year. Residents enjoy convenient access to Shelby Bottoms Nature Center, Pinnacle Point, and Long Hunter State Park. The neighborhood is considered car-dependent with a WalkScore® of 17.
Glengarry
Average Rent
$1,081/Month
Year-Over-Year Rent Change
3.1%
TransitScore® Rating
38/100
Units Available
25 Rentals
When you’re looking for a great Nashville neighborhood on a budget, check out Glengarry. The average rent is $1,081, compared to the city average of $1,658. Rent prices have decreased by 3.1%. Glengarry is convenient to Nashville International, Trevecca Nazarene University, and Gower Center. The community is somewhat walkable with a WalkScore® of 53.
Crestview Estates
Average Rent
$1,096/Month
Units Available
14 Rentals
Crestview Estates is an affordable neighborhood in Nashville with an average rent price of $1,096. Compare this to the city average of $1,658. Crestview Estates provides easy access to The Hermitage, Old Towne Village, and Fisk University.
Welch Bend
Average Rent
$1,104/Month
Units Available
41 Rentals
If you’re looking for a great, affordable neighborhood in Nashville, Welch Bend might be the perfect place! It has an average rent price of $1,104, while the city’s average stands at $1,658. Welch Bend is near Vanderbilt Dyer Observatory, Trevecca Nazarene University, and Harding Place.
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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.