Cheap Apartments for Rent in the Red Bank Neighborhood of Chattanooga, TN from $700 (80 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Red Bank 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

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

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property at 3983 N Quail Ln

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

2 Bedroom, 1.5 Bath Condo for Rent

Available Now

3983 N Quail Ln, Unit 3883

3983 N Quail Ln
ChattanoogaTN37415

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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Crestview Apartments
1 to 2 Bedroom Apartments

Crestview Apartments

107 Goodson AveChattanooga, TN 37405
  • Utilities Included
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3824 Redding Rd
1 Bedroom Apartments

3824 Redding Rd

3824 Redding RdChattanooga, TN 37415

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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Red Bank, Chattanooga, TN Local Guide

Cheapest Available Red Bank Apartments for Rent

 

The cheapest available apartment rental in the Red Bank area of Chattanooga, TN is a Studio unit found at River Hills Flats priced from $849. The Outpost has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here are the most affordable Red Bank apartments for rent in Chattanooga, TN:

Apartment ListingModel NameBed/BathPriced From
River Hills FlatsStudio Renovated With/MBStudio,1BA$849
The Outpost1BR/1BA1BR,1BA$895
Terra at AshleyA11BR,1BA$899
Windsor Village Apartments1BR/1BA1BR,1BA$900
Midvale Heights1 Bedroom 1 Bathroom A1BR,1BA$950
Midtown Square Apartments, ChattanoogaThe Willow 1x11BR,1BA$950
Trails of Signal MountainMajesticStudio,1BA$955
Wendelia2 Beds, 1 Baths2BR,1BA$975
River City North3 Bedroom3BR,2BA$977
Northshore Village1x1a1BR,1BA$999

Best Value Apartments for Rent in Red Bank, TN

As of July 14, 2026 the best value apartment in the Red Bank area is the $0.82 price per square foot 3 Bedroom Model at River City North in the in the East Chattanooga neighborhood starting from $977. The second greatest value Red Bank apartment is the B1 Renovated Model at Riverview North starting at $1,432 with a $1.36 price per square foot in the Mountain Creek neighborhood. Here is today’s list of the best values for Red Bank apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
River City North3 Bedroom3BR,2BA$0.82
Riverview NorthB1 Renovated2BR,1.5BA$1.36
MAA WindridgeThe Azalea1BR,1BA$1.15
Reserve at Red Bank2 x 2 R2BR,2BA$1.11
Wendelia2 Beds, 1 Baths2BR,1BA$0.98
Newberry Commons2 Bedroom, no w/d, partially remodeled, SS Appl...2BR,1BA$1.05
Kate's View2 Bedroom2BR,1BA$1.28
Midvale Heights1 Bedroom 1 Bathroom A1BR,1BA$1.12
Northshore Flats1 x 11BR,1BA$1.35
Terra at AshleyA11BR,1BA$1.28

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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Best Local Schools in
Red Bank, Chattanooga, TN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, metropolitan areas, and rental properties across Tennessee and customized analysis for Northwest Central Chattanooga, TN. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, transit availability, pet-friendly communities, family-friendliness, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Red Bank Apartments

What is a cheap apartment in Red Bank?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Red Bank is under $999.

What is the price of a cheap apartment in Red Bank?

The cheapest apartment in Red Bank is The Outpost which is listed at $895, while the average apartment in Red Bank costs $2,025.

What types of apartments are the cheapest in Red Bank?

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 Red Bank 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 Red Bank?

Cheap apartments in Red Bank have an average cost of $171 which is $1,854 cheaper than the average rent for all rentals in Red Bank.

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.