Cheap Apartments for Rent in the East Lake Neighborhood of Chattanooga, TN from $500 (22 Rentals)

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

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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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Highlands Apartments
1 to 3 Bedroom Apartments

Highlands Apartments

2001 S Lyerly StChattanooga, TN 37404
  • Utilities Included
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Montview Apartments
1 to 2 Bedroom Apartments

Montview Apartments

30 Tunnel BlvdChattanooga, TN 37411
  • Utilities Included

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East Lake, Chattanooga, TN Local Guide

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. Sterling Heights Apartments by Callio Properties has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. 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
Sterling Heights Apartments by Callio Properties1x11BR,1BA$925
The Ridge ApartmentsOne Bedroom1BR,1BA$950
Chateau Royale WestOne Bedroom 1 Bath1BR,1BA$975
Foundry Flats1BR/1.0BA1BR,1BA$995

Best Value Apartments for Rent in East Lake, TN

As of November 01, 2025 the best value apartment in the East Lake area is the $1.01 price per square foot Spruce Model at Summit East Ridge in the in the East Lake neighborhood starting from $1,260. The second greatest value East Lake 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 East Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Summit East RidgeSpruce3BR,1.5BA$1.01
The Reserve at Mountain Pass2 Bedroom Two Bathroom2BR,2BA$1.52
The Poplin2 Bedroom2BR,2BA$1.59
Stylish Units in the Heart of Highland ParkSecond2BR,2BA$1.53
Ridgeside Flats2 Bedroom / 1 Bath2BR,1BA$1.21
Burnside1BR/1.0BA1BR,1BA$1.37
Foundry Flats1BR/1.0BA1BR,1BA$1.43
Sterling Heights Apartments by Callio Properties1x11BR,1BA$1.39
The Ridge ApartmentsTwo Bedroom2BR,1BA$1.63
Chateau Royale WestOne Bedroom 1 Bath1BR,1BA$1.58

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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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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
East Lake, Chattanooga, TN

Ranked #51

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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 $1,260.

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 $915, while the average apartment in East Lake costs $3,125.

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 9 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 $146 which is $2,979 cheaper than the average rent for all rentals in East Lake.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.