Cheap Apartments for Rent in the Ashwood Neighborhood of Chattanooga, TN from $855 (52 Rentals)

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

Chattanooga's Best Affordable Neighborhoods

Learn about Chattanooga and the best places to live with original content written by our Local Expert Catrina Cowart

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property at 1438 Vance Rd

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

1438 Vance Rd, Unit C-1

1438 Vance Rd
ChattanoogaTN37421

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Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 2606 Banks Rd

$1,325

2 Bedroom Rentals

Available Now

2606 Banks Rd

ChattanoogaTN37421
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The Hudson
Rent Specials
$1,611 - $2,546
Total Monthly Price

Total Monthly Price

Base Rent
$1,611 - $2,546
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Hudson

6168 Foxboro DrChattanooga, TN 37421
Student Housing
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From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Monarch Apartments
1 to 3 Bedroom Apartments

Monarch Apartments

7700 Aspen Lodge WayChattanooga, TN 37421
Corporate Housing
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Reserve at Creekside
1 to 3 Bedroom Apartments

Reserve at Creekside

1340 Reserve WayChattanooga, TN 37421
Corporate Housing
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The Shallowford
1 to 3 Bedroom Apartments

The Shallowford

7510 Shallowford RdChattanooga, TN 37421
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Parc 1346
1 to 3 Bedroom Apartments

Parc 1346

1346 Gunbarrel RdChattanooga, TN 37421

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Showing Results 1-50, Page 1 of 2

Ashwood, Chattanooga, TN Local Guide

Cheapest Available Ashwood Apartments for Rent

 

The cheapest available apartment rental in the Ashwood area of Chattanooga, TN is a 1 Bed unit found at MAA Heritage Park priced from $978. Bridgeway Chattanooga Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $988. Here are the most affordable Ashwood apartments for rent in Chattanooga, TN:

Apartment ListingModel NameBed/BathPriced From
MAA Heritage ParkThe Birch1BR,1BA$978
Bridgeway Chattanooga Apartment HomesBlackBurn1BR,1BA$988
Courts at Waterford1x11BR,1BA$990
Dogwood Place2 Bed, 2 Bath 60%2BR,2BA$1,019
Elements of Chattanooga1 Bedroom, 1 Bathroom A1BR,1BA$1,065
Arden Landing Apartments2 Bedroom, 2 Bathroom2BR,2BA$1,099
Ledford at Hamilton Place1/1 W/D1BR,1BA$1,100
Villas at Oak CrestPoplar1BR,1BA$1,106
Hunter's PointBristol-RenovatedStudio,1BA$1,128
Siegel Select ChattanoogaStudioStudio,1BA$1,139

Best Value Apartments for Rent in Ashwood, TN

As of August 23, 2026 the best value apartment in the Ashwood area is the $1.18 price per square foot Hamilton Model at Cannondale Court in the in the Marimont neighborhood starting from $1,893. The second greatest value Ashwood apartment is the 3 BEDROOM Model at Scenic Ridge starting at $1,626 with a $1.05 price per square foot in the Tyner neighborhood. Here is today’s list of the best values for Ashwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cannondale CourtHamilton3BR,2.5BA$1.18
Scenic Ridge3 BEDROOM3BR,2BA$1.05
Parc 1346Three bedroom3BR,2BA$1.12
Hawthorne at the CrestElevation3BR,2BA$1.36
Forest Hill Villas Apartment HomesThe Casetta2BR,2BA$1.23
Revere at Hamilton PlaceThree Bedroom Two Bathroom Floorplan3BR,2BA$1.42
The Grove at Hickory Valley3x23BR,2BA$1.31
Dogwood Place2 Bed, 2 Bath 60%2BR,2BA$1.07
Reserve at CreeksideOne Bedroom - Classic1BR,1BA$1.44
MAA Heritage ParkThe Birch1BR,1BA$1.40

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Best Local Schools in
Ashwood, Chattanooga, TN

School data provided by Great Schools

Lifestyle Ratings

Our team compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States, including Chattanooga. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, transit availability, pet-friendly communities, family-friendly amenities, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Ashwood Apartments

What is a cheap apartment in Ashwood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Ashwood is under $1,139.

What is the price of a cheap apartment in Ashwood?

The cheapest apartment in Ashwood is MAA Heritage Park which is listed at $978, while the average apartment in Ashwood costs $1,407.

What types of apartments are the cheapest in Ashwood?

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 22 regular apartments in Ashwood 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 Ashwood?

Cheap apartments in Ashwood have an average cost of $142 which is $1,265 cheaper than the average rent for all rentals in Ashwood.

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

decorative image for Top Neighborhoods to Rent Near Major Colleges and Universities in Chattanooga, TN article

Top Neighborhoods to Rent Near Major Colleges and Universities in Chattanooga, TN

Written by: Catrina Cowart

Chattanooga is the home to many different universities, including the University of Tennessee at Chattanooga, Chattanooga State Community College, Southern Adventist University, Covenant College, and Richmont Graduate University.

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.