Melrose-Waverly

Nashville, TN

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Melrose-Waverly - Nashville, TN Area Guide

Commercial convenience near the heart of Nashville

Restaurants Shopping Commuter Trendy

Take Interstate 65 or 8th Avenue south from Downtown Nashville to reach the neighborhood of Melrose-Waverly. Residents love the community's proximity to downtown as well as easy access to the city's Interstates, including Interstate 440 and 24.

Since the early 2000s, restaurants and nightlife options have blossomed throughout the city. Now Melrose-Waverly locals enjoy unparalleled access to some of the coolest joints in town, such as Baja Burrito and locally-sourced Sinema Nashville. If you're craving Caribbean cuisine, don't forget to stop in for a Lucayan Salad from Calypso Cafe. To outfit your new apartment, head to One Hundred Oaks Mall, known around town as "Hundred Oaks," and stock up at stores from Anthropologie to Zara.

Rent Trends

As of April 2026, the average apartment rent in Melrose-Waverly is $1,370 for a studio, $1,570 for one bedroom, $2,126 for two bedrooms, and $2,388 for three bedrooms. Apartment rent in Melrose-Waverly has decreased by -5.5% in the past year.

  • Studio

  • 490 sq ft

    Average Sq Ft

  • $1,370/month

    Average Rent

  • 1 BR

  • 689 sq ft

    Average Sq Ft

  • $1,570/month

    Average Rent

  • 2 BR

  • 1,068 sq ft

    Average Sq Ft

  • $2,126/month

    Average Rent

  • 3 BR

  • 1,415 sq ft

    Average Sq Ft

  • $2,388/month

    Average Rent

Getting Around

Fairly Walkable

Walkability

50 / 100

Limited Public Transit

Transit

20 / 100

Exceptionally Drivable

Drivability

100 / 100

Daily Essentials

Supermarket Within a 15 Minute Walk

Groceries

70 / 100

Good Restaurant Variety Nearby

Restaurants

60 / 100

Fair Café Variety Nearby

Cafes

40 / 100

Good Variety of Shops Nearby

Shopping

60 / 100

Recreation

Moderate Amount of Park Space Nearby

Parks

50 / 100

Limited Wellness Amenity Variety Nearby

Wellness

30 / 100

Local Vibe

Vibrant Atmosphere at Times

Vibrancy

40 / 100

Fair Nightlife Variety Nearby

Nightlife

40 / 100

Points of Interest

Parks and Recreation

  • Rose Park
  • Adventure Science Center
  • Tennessee Central Railway Museum
  • Centennial Park
  • The Parthenon

Airports

  • Nashville International

Top Apartments in Melrose-Waverly

Houses for Rent in Melrose-Waverly

Property Management Companies

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Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.