Cheap Homes for Rent in Chattanooga, TN from $700 (174 Rentals)

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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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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Chattanooga's Best Affordable Neighborhoods

Learn about Chattanooga and the best places to live with original content written by our Local Expert Catrina Cowart

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Chattanooga, TN Local Guide

Cheapest Neighborhoods for Apartments in Chattanooga, TN

Pricing Updated: 07/28/2025

Current apartment rentals in the Chattanooga, TN area range in price from $649 to $5,990 with an overall median price of $3,193. The three Chattanooga neighborhoods with the lowest median rent pricing are Dallas Bay Lakesite at $1,199, Galaxy Heights at $940, and East Ridge at $650. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Chattanooga Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Dallas Bay Lakesite$1,199$1,1991
Galaxy Heights$1,309$94018
East Ridge$1,594$65092
Piney Woods$1,707$71525
North Shore$1,764$665382
Outer Red Bank$1,765$85054
Kings Point Lake Vista$1,790$67556
Tyner Greenwood$1,807$649290
Hickory Valley$1,810$649332
Tyner$1,812$649322

Cheapest Available Chattanooga Apartments for Rent

 

The cheapest available apartment rental in Chattanooga, TN is a Studio unit found at Lily Grace North in the East Chattanooga neighborhood priced from $675. GoodHomes Chattanooga in the Shepherd neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $745. Here is today’s list of the most affordable Chattanooga apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lily Grace NorthStudioStudio,1BA$675
GoodHomes ChattanoogaStudioStudio,1BA$745
The Flats at LakeshoreStudioStudio,1BA$810
Gateway at Rossville1bds1BR,1BA$829
Spring Hill Apartments1 Bedroom 1 Bath Apartment with 600 Square Feet...1BR,1BA$875
Ivy Terrace ApartmentsThe Ivy StudioStudio,1BA$880
Chateau Royale West1A1BR,1BA$895
Lakeshore ApartmentsWonderful 1 Bedroom Apartment Home - SPECIAL LI...1BR,1BA$895
River Hills FlatsThe Creekside FlatStudio,1BA$899
Lily Grace SouthOne Bedroom1BR,1BA$899

Best Value Apartments for Rent in Chattanooga, TN

As of July 28, 2025 the best value apartment in the Chattanooga area is the $0.89 price per square foot Finley Model at Trails of Signal Mountain in the in the Mountain Creek neighborhood starting from $1,250. The second greatest value Chattanooga apartment is the 2BR/4BA - B3 Model at Douglas Heights starting at $1,200 with a $0.89 price per square foot in the St. Elmo neighborhood. Here is today’s list of the best values for Chattanooga apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Trails of Signal MountainFinley2BR,2BA$0.89
Douglas Heights2BR/4BA - B32BR,4BA$0.89
Fountain Brook2 Bed/ 1.5 Bath Renovated2BR,1.5BA$1.07
Germantown Gardens2 Bedroom 2 Bath Home; 1278 sq ft w/ w&d hook ups2BR,2BA$1.06
Veranda at the RidgeBirch2BR,1.5BA$1.03
5713 Jana Ln, Unit B5713 Jana Ln2BR,1.5BA$1.01
Elements44The Ruthenium2BR,1.5BA$1.04
Cedarbrooke ApartmentsA-52BR,1.5BA$1.07
Chateau Royale Apartments1 Beds, 1 Baths1BR,1BA$1.03
Gateway at Rossville2bds2BR,2BA$1.01

Quick Rent Budget Calculator

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Chattanooga, TN Area Reviews

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Catrina • 1+ years in Chattanooga

March 3, 2025

Chattanooga is fantastic for people like me who love to be on the water. The Tenneessee River is just wonderful, and the communities around it are both well-connected and well-maintained.

Frequently Asked Questions about Chattanooga

What type of rentals are currently available in Chattanooga?

There are currently 687 Apartments for Rent in Chattanooga, TN with pricing that ranges from $649 to $15,000. There are also 403 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chattanooga ranging from $725 to $3,995.

What is the current price range for Rental Homes in Chattanooga?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Chattanooga ranges from $725 to $3,995 with an average monthly rent of $2,087.

How much are larger Three and Four Bedroom Rentals in Chattanooga?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Chattanooga range from $715 to $5,970, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $3,700. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $665.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.