Cheap Apartments for Rent in the Lake Hills Neighborhood of Chattanooga, TN from $600 (24 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lake Hills 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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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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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
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Showing Results 1-24, 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 Studio unit found at Lily Grace North priced from $699. Courts at Waterford has the second lowest priced unit, which is a 1 Bed apartment currently listed from $880. Here are the most affordable Lake Hills apartments for rent in Chattanooga, TN:

Apartment ListingModel NameBed/BathPriced From
Lily Grace NorthStudioStudio,1BA$699
Courts at Waterford1x11BR,1BA$880
Bridgeway Chattanooga Apartment HomesCumberland1BR,1BA$1,015
Hills at OakwoodA3-1 x 1.5 Chestnut1BR,1BA$1,025
Elements of Chattanooga1 Bedroom, 1 Bathroom1BR,1BA$1,065

Best Value Apartments for Rent in Lake Hills, TN

As of June 02, 2026 the best value apartment in the Lake Hills area is the $1.25 price per square foot B1 Model at The Shoals at Chickamauga Lake in the in the East Chattanooga neighborhood starting from $1,541. The second greatest value Lake Hills apartment is the Windward Model at Marina Pointe starting at $1,486 with a $1.59 price per square foot in the East Chattanooga 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 Shoals at Chickamauga LakeB12BR,2BA$1.25
Marina PointeWindward1BR,1BA$1.59
Anchor PointSternway2BR,2BA$1.70
Haven Cross CreekA11BR,1BA$1.66
Villas at Oak CrestPoplar1BR,1BA$1.57
Elements of Chattanooga1 Bedroom, 1 Bathroom1BR,1BA$1.54
Laurel Ridge ApartmentsDogwood1BR,1BA$1.71
Hills at OakwoodA3-1 x 1.5 Chestnut1BR,1.5BA$1.55
Courts at Waterford1x11BR,1BA$1.48
Bridgeway Chattanooga Apartment HomesBlackBurn1BR,1BA$1.84

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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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 $1,155.

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

The cheapest apartment in Lake Hills is Courts at Waterford which is listed at $880, while the average apartment in Lake Hills costs $1,899.

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 7 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 $306 which is $1,593 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

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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.