Cheap Homes for Rent in East Lake Neighborhood of Chattanooga, TN from $700 (14 Rentals)

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Search the lowest-cost Homes 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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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.

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 $567. 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$567
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

Best Value Apartments for Rent in East Lake, TN

As of April 26, 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$0.52
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
Foundry Flats1BR/1.0BA1BR,1BA$1.43
Sterling Heights Apartments by Callio Properties1x11BR,1BA$1.44
The Ridge ApartmentsTwo Bedroom2BR,1BA$1.63

Frequently Asked Questions about East Lake

What type of rentals are currently available in East Lake?

There are currently 115 Apartments for Rent in East Lake, TN with pricing that ranges from $567 to $4,815. There are also 74 Single Family Homes for rent, Condos, and Townhome rentals currently available in East Lake ranging from $750 to $2,600.

What is the current price range for Rental Homes in East Lake?

Today's rental pricing for Homes for Rent, Condos and Townhomes in East Lake ranges from $750 to $2,600 with an average monthly rent of $1,574.

How much are larger Three and Four Bedroom Rentals in East Lake?

For those who are looking for larger living arrangements, Three Bedroom Apartments in East Lake range from $637 to $3,080, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,099 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,749.

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.

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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.