Smiling maliciously at the success of his ruse, the cobbler cheerfully continues his work, while Eva rejoins Magdalena, who informs her that Beckmesser has signified his intention to serenade her that very night. Eva cares naught for the widower's music, and, only intent upon securing a private interview with the handsome young knight, refuses to re-enter the house; so Magdalena leaves her to answer Pogner's call.

A few moments later Walther himself comes slowly down the street; but, in spite of Eva's rapturous welcome, he remains plunged in melancholy, for he has forfeited all hope of winning her on the morrow. The sound of the watchman's horn drives the young people apart, and while Eva vanishes into the house, Walther hides under the shadow of the great linden tree in front of Sachs's house.

His presence has been detected by the shoemaker, who makes no sign, and when the night watchman has gone by, singing the hour and admonishing all good people to go to bed, he perceives a female form glide softly out of the house and join the knight. This female is Eva, who has exchanged garments with Magdalena, and has prevailed upon her to pose at her window during the serenade, while she tries to comfort her beloved.

Crouching in the shade, the lovers now plan to elope that very night, but Hans Sachs overhears their conversation, and when they are about to leave their hiding-place and depart, he flings open his shutter so that a broad beam of light streams across the old street. It makes such a brilliant illumination that it is impossible for any one to pass unseen. This ruse, which proves such a hindrance to the lovers, is equally distasteful to Beckmesser, who has come down the street and has taken his stand near them to tune his lute and begin his serenade. Before he can utter the first note, Hans Sachs, having become aware of his presence also, and maliciously anxious to defeat his plans, lustily entones a noisy ditty about Adam and Eve, hammering his shoes to beat time.

Beckmesser, who has seen Eva's window open, and longs to make himself heard, steps up to the shoemaker's window. In answer to his testy questions why he is at his bench at such an hour, Hans Sachs good-humouredly replies that he must work late to finish the shoes about which he has been twitted in public. At his wit's end to silence the shoemaker and sing his serenade, Beckmesser artfully pretends that he would like to have Sachs's opinion of the song he intends to sing on the morrow, and proposes to let him hear it then. After a little demur the shoemaker consents, upon condition that he may give a tap with his hammer every time he hears a mistake, and thus carry on the double office of marker and of cobbler.

Beckmesser is, however, so angry and agitated that his song is utterly spoiled, and he makes so many mistakes that the cobbler's hammer keeps up an incessant clatter. These irritating sounds make the singer more nervous still, and he sings so loudly and so badly that he rouses the whole neighbourhood, and heads pop out of every window to bid him be still.

David also ventures to peer forth, and, seeing that the serenade is directed to Magdalena, whom he recognises at the window above, his jealous anger knows no bounds. He springs out of the window, and begins belabouring his unlucky rival with a stout cudgel. The Nuremberg apprentices, who are divided up into numerous rival guilds, and who are always quarrelling, seize this occasion to bandy words, which soon result in bringing them all out into the street, where a free fight takes place between the rival factions of journeymen and apprentices.

Magdalena, seeing her beloved David in peril screams aloud, until Pogner, deceived by her apparel, pulls her into the room and closes the window, declaring he must go and see that all is safe. Sachs, who has closed his shutter at the first sounds of the fight, steals out into the street, approaches the young lovers, and, pretending to take Eva for Magdalena, he thrusts her quickly into Pogner's house, and drags Walther into his own dwelling just as the sound of the approaching night watch is heard. As if by magic the brawlers suddenly disappear, the windows close, the lights are extinguished, and as the watchman turns the corner the street has resumed its wonted peaceful aspect.

The third act opens on the morrow, in Hans Sachs's shop, where the cobbler is absorbed in reading and oblivious of the presence of his apprentice David, who comes sneaking in with a basket which he has just received from Magdalena. Taking advantage of his master's absorption, David examines the ribbons, flowers, cakes, and sausages with which it is stocked, starting guiltily at his master's every movement, and finally seeking to disarm the anger he must feel at the evening's brawl by offering him the gifts he has just received.

Hans Sachs, however, good-naturedly refuses to receive them, and after making his apprentice sing the song for the day he dismisses him to don his festive attire, for he has decided to take him with him to the festival. Left alone, Sachs soliloquises on the follies of mankind, until Walther appears. In reply to his host's polite inquiry how he spent the night, Walther declares he has been visited by a wonderful dream, which he goes on to relate. At the very first words the cobbler discovers that it is part of a beautiful song, conforming to all the Master Singers' rigid rules, and he hastily jots down the words, bidding the young knight be careful to retain the tune.