Cheap Apartments for Rent in the Lookout Valley Neighborhood of Chattanooga, TN from $500 (7 Rentals)

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

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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.

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St Elmo
Studio to 2 Bedroom Apartments

St Elmo

4625 Saint Elmo AveChattanooga, TN 37409
Senior Living
  • Utilities Included
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Sergeant's Apartments
1 to 2 Bedroom Apartments

Sergeant's Apartments

710 Cherokee BlvdChattanooga, TN 37405
  • Utilities Included
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Foundry Flats
Studio to 1 Bedroom Apartments

Foundry Flats

410 W 25th StChattanooga, TN 37408

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Stone Ridge Park
1 to 3 Bedroom Apartments

Stone Ridge Park

1020 W 37th StChattanooga, TN 37410

Lookout Valley, Chattanooga, TN Local Guide

Cheapest Available Lookout Valley Apartments for Rent

 

The cheapest available apartment rental in the Lookout Valley area of Chattanooga, TN is a 2 Beds unit found at The Reserve at Mountain Pass priced from $556. The Overlook Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $838. Here are the most affordable Lookout Valley apartments for rent in Chattanooga, TN:

Apartment ListingModel NameBed/BathPriced From
The Reserve at Mountain Pass2 Bedroom Two Bathroom2BR,2BA$556
The Overlook ApartmentsStudioStudio,1BA$838
Foundry Flats1BR/1.0BA1BR,1BA$995

Best Value Apartments for Rent in Lookout Valley, TN

As of March 23, 2026 the best value apartment in the Lookout Valley area is the $1.13 price per square foot The Maple Model at MAA Windridge in the in the Mountain Creek neighborhood starting from $1,633. The second greatest value Lookout Valley apartment is the 3 Bedroom Two Bathroom Model at The Reserve at Mountain Pass starting at $1,393 with a $1.11 price per square foot in the East Lake neighborhood. Here is today’s list of the best values for Lookout Valley apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
MAA WindridgeThe Maple2BR,2BA$1.13
The Reserve at Mountain Pass3 Bedroom Two Bathroom3BR,2BA$1.11
Vista Cameron HarborSavannah2BR,2BA$1.74
3915 Saint Elmo Ave, Unit 1003915 Saint Elmo Ave1BR,1BA$2.04
City Green ApartmentsAnderson (A2)1BR,1BA$2.05
Foundry Flats1BR/1.0BA1BR,1BA$1.43
Borough 33 ApartmentsAvalonStudio ,1BA$2.03
Riverwalk at Cameron HarborThe BelleStudio ,1BA$2.42
The Overlook ApartmentsStudioStudio ,1BA$1.86

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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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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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Pet Friendly Lifestyle
Lookout Valley, Chattanooga, TN

Ranked #65

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Lookout Valley Apartments

What is a cheap apartment in Lookout Valley?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lookout Valley is under $1,799.

What is the price of a cheap apartment in Lookout Valley?

The cheapest apartment in Lookout Valley is The Overlook Apartments which is listed at $890, while the average apartment in Lookout Valley costs $2,699.

What types of apartments are the cheapest in Lookout Valley?

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 3 regular apartments in Lookout Valley 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 Lookout Valley?

Cheap apartments in Lookout Valley have an average cost of $335 which is $2,364 cheaper than the average rent for all rentals in Lookout Valley.

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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.