Cheap Apartments for Rent in the East Lake Neighborhood of Chattanooga, TN from $500 (42 Rentals)

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

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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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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Montview Apartments
1 to 2 Bedroom Apartments

Montview Apartments

30 Tunnel BlvdChattanooga, TN 37411
  • 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.

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Foundry Flats
Studio to 1 Bedroom Apartments

Foundry Flats

410 W 25th StChattanooga, TN 37408
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Summit East Ridge
1 to 3 Bedroom Apartments

Summit East Ridge

3725 Fountain AveChattanooga, TN 37412
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The Oaks at Midtown
1 to 2 Bedroom Apartments

The Oaks at Midtown

205 Dellwood PlChattanooga, TN 37411
  • Utilities Included

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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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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Showing Results 1-42, Page 1 of 1

Cheapest Available East Lake Apartments for Rent

 

The cheapest available apartment rental in the East Lake area of Chattanooga, TN is a 2 Beds unit found at The Reserve at Mountain Pass priced from $556. The Highlands Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $830. Here are the most affordable East Lake apartments for rent in Chattanooga, TN:

Apartment ListingModel NameBed/BathPriced From
The Reserve at Mountain Pass2 Bedroom Two Bathroom2BR,2BA$556
The Highlands Apartments1 Bed, 1 bath1BR,1BA$830
Grey Parc of RossvilleThe Maple2BR,1BA$899
The Ridge ApartmentsOne Bedroom1BR,1BA$950
Sterling Heights Apartments by Callio Properties1x11BR,1BA$955
Foundry Flats1BR/1.0BA1BR,1BA$995
Chateau Royale WestOne Bedroom 1 Bath1BR,1BA$1,025
2 Bed/1.5 Bath Apartment-Rossville, GA2BR/1.5BA2BR,1BA$1,049
Ridgeside Flats2 Bedroom / 1 Bath2BR,1BA$1,089
East Line Apartments - Live on Main StreetStudio1BR,1BA$1,105

Best Value Apartments for Rent in East Lake, TN

As of April 28, 2026 the best value apartment in the East Lake area is the $1.27 price per square foot 3 Bedroom 2 Bath apartment with 1260 Sq. Ft. Gr... Model at Sweetbay Apartments in the in the East Lake neighborhood starting from $1,600. The second greatest value East Lake apartment is the The Oak Model at Grey Parc of Rossville starting at $1,110 with a $0.88 price per square foot in the East Lake neighborhood. Here is today’s list of the best values for East Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sweetbay Apartments3 Bedroom 2 Bath apartment with 1260 Sq. Ft. Gr...3BR,2BA$1.27
Grey Parc of RossvilleThe Oak3BR,1BA$0.88
The Highlands Apartments3 Beds, 2 baths3BR,2BA$1.17
The Reserve at Mountain Pass2 Bedroom Two Bathroom2BR,2BA$0.51
Burnside2BR/1.0BA2BR,1BA$1.48
The Poplin2 Bedroom2BR,2BA$1.59
2 Bed/1.5 Bath Apartment-Rossville, GA2BR/1.5BA2BR,1BA$1.17
Ridgeside Flats2 Bedroom / 1 Bath2BR,1BA$1.21
Foundry Flats1BR/1.0BA1BR,1BA$1.43
Sterling Heights Apartments by Callio Properties1x11BR,1BA$1.44

Frequently Asked Questions about Cheap East Lake Apartments

What is the price of a cheap apartment in East Lake?

The cheapest apartment in East Lake is The Highlands Apartments which is listed at $830, while the average apartment in East Lake costs $2,800.

What types of apartments are the cheapest in East Lake?

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 18 regular apartments in East Lake 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 East Lake?

Cheap apartments in East Lake have an average cost of $284 which is $2,516 cheaper than the average rent for all rentals in East Lake.

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

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.