A small village of the Scottish Borders, Nisbet lies on the northern banks of the River Teviot, 4 miles (6.5 km) northeast of Jedburgh. The Waterloo Monument, erected by the Marquis of Lothian to commemorate the victory at the Battle of Waterloo, lies immediately to the northwest.
Nisbet once had a station on the Jedburgh Railway, a branch line which opened in 1856. It closed to passengers in 1948, the bridge a half-mile (1 km) to the southwest having been damaged by a flood, although the line remained open to freight until 1964. The old trackbed now provides the route for the Borders Abbeys Way.