Cheap Apartments for Rent in the Lake Hills Neighborhood of Chattanooga, TN from $725 (34 Rentals)

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

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 4401 Byrd Ave

$1,300

2 Bedroom, 1 Bath Home for Rent

Available Now

4401 Byrd Ave

ChattanoogaTN37406

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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property at 4001 Lara Ln

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

4001 Lara Ln, Unit A

4001 Lara Ln
ChattanoogaTN37416
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Campbell Ridge
1 to 3 Bedroom Apartments

Campbell Ridge

3401 Campbell StChattanooga, TN 37406
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Arbor Hill Apartments
1 to 2 Bedroom Apartments

Arbor Hill Apartments

5305-5315 Highway 58Chattanooga, TN 37416
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Riverside Place
2 to 3 Bedroom Apartments

Riverside Place

5121 Hulk LnChattanooga, TN 37416
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Laurel Ridge Apartments
1 to 2 Bedroom Apartments

Laurel Ridge Apartments

4715 Bonny Oaks DrChattanooga, TN 37416
Corporate Housing

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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Showing Results 1-34, Page 1 of 1

Lake Hills, Chattanooga, TN Local Guide

Cheapest Available Lake Hills Apartments for Rent

 

The cheapest available apartment rental in the Lake Hills area of Chattanooga, TN is a 1 Bed unit found at Elements of Chattanooga priced from $899. The Beverly Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Lake Hills apartments for rent in Chattanooga, TN:

Apartment ListingModel NameBed/BathPriced From
Elements of Chattanooga1 Bedroom, 1 Bathroom A1BR,1BA$899
The Beverly ApartmentsA11BR,1BA$950
Bridgeway Chattanooga Apartment HomesBlackBurn1BR,1BA$988
Reserve At LakeshoreThe FrazierStudio,1BA$999
Lily Grace North1 Bed 1 Bath1BR,1BA$999
Courts at Waterford1x1 Large1BR,1BA$1,079
Shoals at Chickamauga LakeThe Valley1BR,1BA$1,100
Villas at Oak CrestPoplar1BR,1BA$1,111
Hunter's PointBristol-RenovatedStudio,1BA$1,128
Siegel Select ChattanoogaStudioStudio,1BA$1,139

Best Value Apartments for Rent in Lake Hills, TN

As of August 31, 2026 the best value apartment in the Lake Hills area is the $1.45 price per square foot Eberly Exterior Unit Model at The Collection at Wiltshire in the in the Marimont neighborhood starting from $1,999. The second greatest value Lake Hills apartment is the The Casetta Model at Forest Hill Villas Apartment Homes starting at $1,649 with a $1.29 price per square foot in the Marimont neighborhood. Here is today’s list of the best values for Lake Hills apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Collection at WiltshireEberly Exterior Unit3BR,2.5BA$1.45
Forest Hill Villas Apartment HomesThe Casetta2BR,2BA$1.29
Hills at OakwoodB2-2 x 1.5 Dogwood2BR,1.5BA$1.19
Courts at Waterford2x22BR,2BA$1.34
Shoals at Chickamauga LakeThe Valley1BR,1BA$1.23
Haven Cross CreekA21BR,1BA$1.48
Villas at Oak CrestPoplar1BR,1BA$1.51
Elements of Chattanooga1 Bedroom, 1 Bathroom B1BR,1BA$1.41
Lily Grace North1 Bed 1 Bath1BR,1BA$1.67
The Beverly ApartmentsA11BR,1BA$1.58

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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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

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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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, cities and towns, and rental properties across Tennessee and customized analysis for Chattanooga, Tennessee. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, apartment complexes for the kids, raising pets, transit options, and more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Lake Hills Apartments

What is a cheap apartment in Lake Hills?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Hills is under $1,139.

What is the price of a cheap apartment in Lake Hills?

The cheapest apartment in Lake Hills is Elements of Chattanooga which is listed at $899, while the average apartment in Lake Hills costs $1,454.

What types of apartments are the cheapest in Lake Hills?

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 30 regular apartments in Lake Hills 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 Lake Hills?

Cheap apartments in Lake Hills have an average cost of $292 which is $1,162 cheaper than the average rent for all rentals in Lake Hills.

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

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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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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.