Cheap Apartments for Rent in the Alton Park Neighborhood of Chattanooga, TN from $500 (10 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Alton Park area of Chattanooga.

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St Elmo
Studio to 2 Bedroom Apartments

St Elmo

4625 Saint Elmo AveChattanooga, TN 37409
Senior Living
  • Utilities Included

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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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Mission at Main
Studio to 2 Bedroom Apartments

Mission at Main

26 E Main StChattanooga, TN 37408
  • Utilities Included

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.

Alton Park, Chattanooga, TN Local Guide

Cheapest Available Alton Park Apartments for Rent

 

The cheapest available apartment rental in the Alton Park area of Chattanooga, TN is a 1 Bed unit found at Foundry Flats priced from $1,015. Borough 33 Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,049. Here are the most affordable Alton Park apartments for rent in Chattanooga, TN:

Apartment ListingModel NameBed/BathPriced From
Foundry Flats1BR/1.0BA1BR,1BA$1,015
Borough 33 ApartmentsAddisonStudio,2BA$1,049
Burnside1BR/1.0BA1BR,1BA$1,099

Best Value Apartments for Rent in Alton Park, TN

As of December 28, 2025 the best value apartment in the Alton Park area is the $1.21 price per square foot Studio Model at Bread Factory Lofts in the in the University of Tennessee At Chattanooga neighborhood starting from $1,399. The second greatest value Alton Park apartment is the 2 Bedroom Two Bathroom Model at The Reserve at Mountain Pass starting at $1,642 with a $1.52 price per square foot in the East Lake neighborhood. Here is today’s list of the best values for Alton Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bread Factory LoftsStudioStudio ,1BA$1.21
The Reserve at Mountain Pass2 Bedroom Two Bathroom2BR,2BA$1.52
Burnside2BR/1.0BA2BR,1BA$1.71
Southside FlatsA1 - 1 Bedroom1BR,1BA$1.43
Foundry Flats1BR/1.0BA1BR,1BA$1.46
Urban LoftsA11BR,1BA$1.87
Bluebird Row ApartmentsS1Studio ,1BA$2.13
17 BroadRubyStudio ,1BA$1.87
East Line Apartments - Live on Main StreetStudioStudio ,1BA$2.17
Borough 33 ApartmentsAddisonStudio ,2BA$2.22

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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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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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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Pet Friendly Lifestyle
Alton Park, Chattanooga, TN

Ranked #63

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Alton Park Apartments

What is a cheap apartment in Alton Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Alton Park is under $1,399.

What is the price of a cheap apartment in Alton Park?

The cheapest apartment in Alton Park is Foundry Flats which is listed at $1,015, while the average apartment in Alton Park costs $1,697.

What types of apartments are the cheapest in Alton Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 5 regular apartments in Alton Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Alton Park?

Cheap apartments in Alton Park have an average cost of $562 which is $1,135 cheaper than the average rent for all rentals in Alton Park.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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A Local Expert’s Guide To the Top Budget-Friendly Neighborhoods to Rent in Chattanooga, TN

Written by: Catrina Cowart

Hi, I'm Catrina, your ApartmentHomeLiving.com Local Expert for Chattanooga. Today, I'd love to talk to you about a gem of a city: Chattanooga, Tennessee.

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.