Cheap Apartments for Rent in the Martin Luther King Neighborhood of Chattanooga, TN from $600 (50 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Martin Luther King 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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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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Mission at Main
Studio to 2 Bedroom Apartments

Mission at Main

26 E Main StChattanooga, TN 37408
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320 High Street
1 Bedroom Apartments

320 High Street

320 High StChattanooga, TN 37403
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611 Houston St
Studio to 3 Bedroom Apartments

611 Houston St

611 Houston StChattanooga, TN 37403
Student Housing
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Marion
1 Bedroom Apartments

Marion

311 Lindsay StChattanooga, TN 37403
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Fortwood Apartments
Studio to 2 Bedroom Apartments

Fortwood Apartments

837 Fort Wood StChattanooga, TN 37403

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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The Grand
1 Bedroom Apartments

The Grand

1401 Market StChattanooga, TN 37402
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Palmetto Place
1 to 2 Bedroom Apartments

Palmetto Place

910 E 8th StChattanooga, TN 37403
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Patten Towers
Studio to 2 Bedroom Apartments

Patten Towers

1 E 11th StChattanooga, TN 37402
Senior Living
  • Utilities Included
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Bode Chattanooga
1 to 3 Bedroom Apartments

Bode Chattanooga

730 Chestnut StChattanooga, TN 37402
  • Utilities Included

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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Showing Results 1-50, Page 1 of 1

Martin Luther King, Chattanooga, TN Local Guide

Cheapest Available Martin Luther King Apartments for Rent

 

The cheapest available apartment rental in the Martin Luther King area of Chattanooga, TN is a 2 Beds unit found at 821 Vine St priced from $700. Tomorrow Building at Patten Parkway has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here are the most affordable Martin Luther King apartments for rent in Chattanooga, TN:

Apartment ListingModel NameBed/BathPriced From
821 Vine StPrivate Bedroom2BR,1BA$700
Tomorrow Building at Patten ParkwayEssential FloorplanStudio,1BA$899
Passenger FlatsStudio WestStudio,1BA$909
The Hardwick1Bd / 1Ba - 7101BR,1BA$1,049
Walnut CommonsStudioStudio,1BA$1,079
17 BroadRubyStudio,1BA$1,080
East Line Apartments - Live on Main StreetStudio1BR,1BA$1,105
Burnside1BR/1.0BA1BR,1BA$1,125
1400 Chestnut1B101BR,1BA$1,146
The Fleetwood Building0BR/1.0BAStudio,1BA$1,150

Best Value Apartments for Rent in Martin Luther King, TN

As of April 28, 2026 the best value apartment in the Martin Luther King area is the $1.31 price per square foot 2 Bed / 1 Bath - 1145 Model at Fountain Plaza - Fitzgerald Apartments in the in the St. Elmo neighborhood starting from $1,495. The second greatest value Martin Luther King apartment is the 2/ 1 - 1080 Model at Fort Wood Apartments starting at $1,495 with a $1.38 price per square foot in the Highland Park neighborhood. Here is today’s list of the best values for Martin Luther King apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fountain Plaza - Fitzgerald Apartments2 Bed / 1 Bath - 11452BR,1BA$1.31
Fort Wood Apartments2/ 1 - 10802BR,1BA$1.38
Burnside2BR/1.0BA2BR,1BA$1.48
821 Vine StPrivate Bedroom2BR,1BA$0.70
The Fleetwood Building1BR/1.0BA1BR,1BA$1.42
Southside FlatsA1 - 1 Bedroom1BR,1BA$1.43
Bread Factory LoftsStudioStudio ,1BA$1.51
The Grandview Hotel2 bed 715 Sqft2BR,1BA$1.71
The Hardwick1Bd / 1Ba - 7101BR,1BA$1.48
1400 Chestnut1B101BR,1BA$1.67

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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
Martin Luther King, Chattanooga, TN

Ranked #12

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Tennessee, including Chattanooga. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, kid and pet-friendly communities, availability of transit options, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Martin Luther King Apartments

What is a cheap apartment in Martin Luther King?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Martin Luther King is under $1,150.

What is the price of a cheap apartment in Martin Luther King?

The cheapest apartment in Martin Luther King is The Hardwick which is listed at $1,049, while the average apartment in Martin Luther King costs $3,425.

What types of apartments are the cheapest in Martin Luther King?

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 17 regular apartments in Martin Luther King that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.