Rental market snapshot for Melrose, Nashville

Melrose rental market summary

The rental market in Melrose, Tennessee is showing signs of growth. In July 2023, there were 39 new listings, indicating an increase in demand for rental properties. The median rent for the month of July 2023 was $2,100, a 16.0% decrease from the previous month of June 2023. This decrease in rent is likely due to the influx of new listings, which has increased competition among landlords.

When compared to the same month in 2022, the median rent in Melrose has decreased by 43.2%. This is a significant drop in rent prices, which could be attributed to the increased availability of rental properties in the area. This decrease in rent prices could be beneficial for renters looking for affordable housing in Melrose.

Median rent for all residential properties in Melrose

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The most expensive listings and top trending buildings in Melrose

Most Expensive Listings

AddressRent PriceBed / Bath
900 Montrose Ave$9,9954 / 4.5
920 Kirkwood Ave$7,2003 / 4.0
835A Gale Ln$5,2503 / 3.0
2425 Elliott Ave$4,9953 / 3.0
103 Gale Park Ln$3,9003 / 3.0

Top Trending Buildings

building nameavg rent price
LPC RentCafe CRM$1,464

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Bedroom Breakdown in Melrose

Studio
$1,650
MEDIAN RENT
1 Bedroom
$1,464
MEDIAN RENT
2 Bedroom
$2,395
MEDIAN RENT

Melrose neighborhood apartments rents

The rental market for studios in Melrose, Tennessee appears to be relatively stable, with only one new studio listing in August 2022. The median rent for studios in August 2022 is $1,650, indicating that the rental market is not experiencing any significant changes in pricing. Unfortunately, no data is available for July 2022, so it is not possible to determine the percent change in rent from July 2022 to August 2022. Overall, the rental market for studios in Melrose, Tennessee appears to be relatively stable.

The rental market for 1-bedroom apartments in Melrose, Tennessee is showing signs of growth. In July 2023, there was only one new listing, but the median rent for 1-bedroom apartments increased by 26.8% from June 2023 to July 2023, from $2,000 to $1,464. This suggests that demand for 1-bedroom apartments is increasing, and that the rental market is becoming more competitive.

The rental market for 2-bedroom apartments in Melrose, Tennessee appears to be relatively stable, with only one new listing in February 2023 and a median rent of $2,395. Unfortunately, no data is available for January 2023, so it is not possible to determine the percent change in rent from that month. Overall, it appears that the rental market for 2-bedroom apartments in Melrose is relatively steady.

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in Melrose is $2,100.
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