
Cheap Apartments for Rent in the East Lake Neighborhood of Chattanooga, TN from $500 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the East Lake area of Chattanooga.


East Ridge Flats and Townhomes

The Villages at Alton Park

The Highlands Apartments

Montview Apartments

Alton Place Apartments
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.

4360 Dorris St

112 S Seminole Dr

906 Kelley St

387 Alice Dr

7 Franklin Pl

47 Bryan Ln
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.

466-472 Oak St
East Lake, Chattanooga, TN Local Guide

How much does it cost to rent an apartment in East Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| East Lake Studio Apartments | $1,319 | $700 | $1,812 |
| East Lake 1 Bedroom Apartments | $1,122 | $700 | $1,379 |
| East Lake 2 Bedroom Apartments | $1,296 | $899 | $2,676 |
| East Lake 3 Bedroom Apartments | $1,519 | $1,100 | $2,262 |
| East Lake 4 Bedroom Apartments | $2,481 | $1,749 | $3,282 |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the East Lake Neighborhood of Chattanooga, TN.
See all Apartments in ChattanoogaExplore Chattanooga
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The View at Mission Ridge | Studio | Studio,1BA | $700 |
| The Ridge Apartments | One Bedroom | 1BR,1BA | $950 |
| Chateau Royale West | One Bedroom 1 Bath | 1BR,1BA | $975 |
| Foundry Flats | 1BR/1.0BA | 1BR,1BA | $995 |
| East Ridge Flats and Townhomes | The Lookout | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 826 Terrace St, Unit #A | 826 Terrace St | 2BR,1BA | $1.25 |
| The Reserve at Mountain Pass | 2 Bedroom Two Bathroom | 2BR,2BA | $1.11 |
| The Poplin | 2 Bedroom | 2BR,2BA | $1.59 |
| Summit East Ridge | Cypress | 2BR,1BA | $1.12 |
| Ridgeside Flats | 2 Bedroom / 1 Bath | 2BR,1BA | $1.21 |
| 2 Bed/1.5 Bath Apartment-Rossville, GA | 2BR/1.5BA | 2BR,1BA | $1.17 |
| East Ridge Flats and Townhomes | The Lookout | 2BR,1BA | $1.25 |
| The Oaks at Midtown | Avail Jan 17 | 1BR,1BA | $1.56 |
| Foundry Flats | 1BR/1.0BA | 1BR,1BA | $1.43 |
| Chateau Royale West | One Bedroom 1 Bath | 1BR,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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
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.

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.