Cheap Apartments for Rent in Alexandria, TN from $800 (40 Rentals)

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Search the lowest-cost Apartments available for rent right now in Alexandria.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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517 Melrose St
2 Bedroom Apartments

517 Melrose St

517 Melrose StLebanon, TN 37087

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Alexandria, TN Local Guide

Cheapest Available Alexandria Apartments for Rent and Nearby

 

The cheapest available apartment rental in Alexandria, TN is a Studio unit found at Summerfield Apartments in the Colonial Village neighborhood priced from $975. Spring Hill Townhomes in the Downtown Lebanon neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,119. Here is today’s list of the most affordable Alexandria apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Summerfield ApartmentsStudioStudio,1BA$975
Spring Hill TownhomesTwo Bedroom Two Bathroom2BR,2BA$1,119
The Reserve at Lebanon1 Bed / 1 Bath Upgraded1BR,1BA$1,129
Rollingwood Apartments2BD/1BA2BR,1BA$1,150
Greentree Pointe2 Bedroom Ranch2BR,2BA$1,169
Slate at Ninety-SixThe Cobalt1BR,1BA$1,199
Hartmann PlantationThe Falcon1BR,1BA$1,205
Ironwood ApartmentsOne Bedroom1BR,1BA$1,220
The Edge on Main2 Bedroom Large2BR,1BA$1,249
Hunters CreekCedar1BR,1BA$1,282

Best Value Apartments for Rent in Alexandria, TN and Nearby

As of December 05, 2025 the best value apartment in the Alexandria area is the $1.21 price per square foot C1 Model at Legends Townhomes in the in the Colonial Village neighborhood starting from $2,250. The second greatest value Alexandria apartment is the Unit 22 Model at Cedar City Townhomes starting at $1,830 with a $1.16 price per square foot in the Downtown Lebanon neighborhood. Here is today’s list of the best values for Alexandria apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Legends TownhomesC13BR,2.5BA$1.21
Cedar City TownhomesUnit 223BR,2.5BA$1.16
Hamilton Station3 Bedroom Traditional Extra3BR,2BA$1.17
East Adams Townhomes2 Beds, 1.5 baths2BR,1.5BA$1.20
South Maple Townhomes2A2BR,2.5BA$1.24
Flats at MelroseUnitn 5-2-bedroom2BR,1.5BA$1.16
Bluebird Townhomes1255, Unit C -2 Bedroom2BR,1.5BA$1.30
Caney Commons3-bedroom3BR,2.5BA$1.27
Rollingwood Apartments2BD/1BA2BR,1BA$1.30
Spring Hill TownhomesTwo Bedroom Two Bathroom2BR,2BA$1.30

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Alexandria, TN Rentals by Map

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See the most popular apartments and homes in Alexandria, TN

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Getting Around Alexandria, TN

Walk Score®

13 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

18 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Alexandria Apartments

How much is rent for a Cheap One Bedroom Alexandria Apartment?

The lowest price for a Cheap One Bedroom Alexandria Apartment is $1,069 at Slate at Ninety-Six.

What is the lowest price for a Cheap Two Bedroom Alexandria Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Alexandria is starting from $1,119 at Spring Hill Townhomes.

What is the most affordable Alexandria Three Bedroom Apartment?

The best deal on a cheap Alexandria Three Bedroom Apartment rental is at Rollingwood Apartments and starts from $1,383.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.