Cheap Apartments for Rent in the East Lake Neighborhood of Chattanooga, TN from $500 (13 Rentals)

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Montview Apartments
1 to 2 Bedroom Apartments

Montview Apartments

30 Tunnel BlvdChattanooga, TN 37411
  • Utilities Included

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Cheapest Available East Lake Apartments for Rent

 

The cheapest available apartment rental in the East Lake area of Chattanooga, TN is a Studio unit found at The View at Mission Ridge priced from $700. The Ridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable East Lake apartments for rent in Chattanooga, TN:

Apartment ListingModel NameBed/BathPriced From
The View at Mission RidgeStudioStudio,1BA$700
The Ridge ApartmentsOne Bedroom1BR,1BA$950
Chateau Royale WestOne Bedroom 1 Bath1BR,1BA$975
Foundry Flats1BR/1.0BA1BR,1BA$995
East Ridge Flats and TownhomesThe Lookout2BR,1BA$999

Best Value Apartments for Rent in East Lake, TN

As of January 24, 2026 the best value apartment in the East Lake area is the $1.25 price per square foot 826 Terrace St Model at 826 Terrace St, Unit #A in the in the East Lake neighborhood starting from $1,495. The second greatest value East Lake apartment is the 2 Bedroom Two Bathroom Model at The Reserve at Mountain Pass starting at $1,201 with a $1.11 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.
826 Terrace St, Unit #A826 Terrace St2BR,1BA$1.25
The Reserve at Mountain Pass2 Bedroom Two Bathroom2BR,2BA$1.11
The Poplin2 Bedroom2BR,2BA$1.59
Summit East RidgeCypress2BR,1BA$1.12
Ridgeside Flats2 Bedroom / 1 Bath2BR,1BA$1.21
2 Bed/1.5 Bath Apartment-Rossville, GA2BR/1.5BA2BR,1BA$1.17
East Ridge Flats and TownhomesThe Lookout2BR,1BA$1.25
The Oaks at MidtownAvail Jan 171BR,1BA$1.56
Foundry Flats1BR/1.0BA1BR,1BA$1.43
Chateau Royale WestOne Bedroom 1 Bath1BR,1BA$1.58

Frequently Asked Questions about Cheap East Lake Apartments

What is a cheap apartment in East Lake?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in East Lake is under $1,100.

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

The cheapest apartment in East Lake is The View at Mission Ridge which is listed at $875, while the average apartment in East Lake costs $2,339.

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 11 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 $311 which is $2,028 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

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

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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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

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Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.