Cheap Homes for Rent in Chattanooga, TN from $695 (117 Rentals)

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Search the lowest-cost Homes available for rent right now in Chattanooga.

property at 910 S Crest Rd
$720
1 Bedroom Rentals
Available Now
Affordability

910 S Crest Rd

ChattanoogaTN37404

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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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 800 Lullwater Rd
$925 - $1,900
2 To 4 Bedroom Rentals
Available Now
Affordability

800 Lullwater Rd

ChattanoogaTN37405

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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Chattanooga, TN Local Guide

Cheapest Neighborhoods for Homes in Chattanooga, TN

Pricing Updated: 09/19/2026

Current rental homes in the Chattanooga, TN area range in price from $695 to $5,000 with an overall median price of $1,698. The three Chattanooga neighborhoods with the lowest median rent pricing are Mountain Creek at $925, Cedar Hill at $994, and Cherokee Woods at $1,097. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Chattanooga Homes for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Mountain Creek$925$8503
Cedar Hill$994$8503
Cherokee Woods$1,097$9954
Rollingwood$1,299$1,0753
Falling Water Browntown$1,300$89510
Piney Woods$1,345$87512
South Chattanooga$1,390$72037
North Brainerd$1,395$9759
Woodmore$1,399$97511
Alton Park$1,495$85036

Cheapest Available Chattanooga Homes for Rent

 

The cheapest available rental home in Chattanooga, TN is a 1 Bed home found at 417 N Hawthorne St in the East Chattanooga neighborhood priced from $695. 417 N Hawthorne St in the East Chattanooga neighborhood has the second lowest priced home, which is a 1 Bed rental home currently listed from $750. Here is today’s list of the most affordable Chattanooga homes for rent:

Home ListingModel NameBed/BathPriced From
417 N Hawthorne St417 N Hawthorne St1BR, 1BA$695
417 N Hawthorne St417 N Hawthorne St1BR, 1BA$750
852 Arlington Ave852 Arlington Ave2BR, 1BA$845
3380 Shadowlawn Dr3380 Shadowlawn Dr2BR, 2BA$1,145
4718 Arrowhead Trail4718 Arrowhead Trail2BR, 1BA$1,150

Best Value Homes for Rent in Chattanooga, TN

As of September 19, 2026 the best value rental home in the Chattanooga area is the $0.75 price per square foot 2520 Sharron Dr Model at 2520 Sharron Dr in the Tyner neighborhood starting from $2,250. The second greatest value Chattanooga rental home is the 405 Dempsey Ln Model at 405 Dempsey Ln in the East Lake neighborhood starting at $2,195 with a $0.91 price per square foot. Here is today’s list of the best values for Chattanooga homes based on price per square foot:

Home ListingModel NameBed/BathPrice Per Sq.Ft.
2520 Sharron Dr2520 Sharron Dr3BR, 4BA$0.75
405 Dempsey Ln405 Dempsey Ln4BR, 2.5BA$0.91
610 Mauldeth Rd610 Mauldeth Rd4BR, 2BA$0.80
5526 Crestview Dr5526 Crestview Dr3BR, 2BA$0.90
3117 St Paul St3117 St Paul St3BR, 2BA$0.93
1930 Ivy St1930 Ivy St3BR, 2BA$0.95
5622 Sofias Cir5622 Sofias Cir2BR, 2.5BA$0.90
6330 Harrison Ooltewah Rd6330 Harrison Ooltewah Rd2BR, 1BA$0.75
102 James St102 James St3BR, 1BA$0.92
145 Hendricks Blvd145 Hendricks Blvd1BR, 1BA$0.85

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 $7,500. There are also 362 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chattanooga ranging from $695 to $5,000.

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 $695 to $5,000 with an average monthly rent of $1,799.

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 $709 to $3,575, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,950. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $649.

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 Top Neighborhoods to Rent Near Major Colleges and Universities in Chattanooga, TN article

Top Neighborhoods to Rent Near Major Colleges and Universities in Chattanooga, TN

Written by: Catrina Cowart

Chattanooga is the home to many different universities, including the University of Tennessee at Chattanooga, Chattanooga State Community College, Southern Adventist University, Covenant College, and Richmont Graduate University.

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.