Cheap Apartments for Rent in the Red Bank Neighborhood of Chattanooga, TN from $500 (50 Rentals)

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

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900 Mountain Creek Rd
Studio to 4 Bedroom Apartments

900 Mountain Creek Rd

900 Mountain Creek RdChattanooga, TN 37405
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Crestview Apartments
1 to 2 Bedroom Apartments

Crestview Apartments

107 Goodson AveChattanooga, TN 37405
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Wendelia
2 Bedroom Apartments

Wendelia

2410 Lyndon AveChattanooga, TN 37415
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3824 Redding Rd
1 Bedroom Apartments

3824 Redding Rd

3824 Redding RdChattanooga, TN 37415
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Sergeant's Apartments
1 to 2 Bedroom Apartments

Sergeant's Apartments

710 Cherokee BlvdChattanooga, TN 37405
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Alpine Villas
1 to 3 Bedroom Apartments

Alpine Villas

4040 Mountain Creek RdChattanooga, TN 37415

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

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Sunset Park Apartments
Studio to 1 Bedroom Apartments

Sunset Park Apartments

2845 Dayton BlvdChattanooga, TN 37415
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Abby North
1 to 2 Bedroom Apartments

Abby North

560 Cherokee BlvdChattanooga, TN 37405
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Hannah Parc
2 to 3 Bedroom Apartments

Hannah Parc

610 Gurley StChattanooga, TN 37405
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WillowCreek Apartments
1 to 2 Bedroom Apartments

WillowCreek Apartments

2833 Dayton BlvdRed Bank, TN 37415
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The 109 at Northshore
1 to 2 Bedroom Apartments

The 109 at Northshore

109 Peace StRed Bank, TN 37415
  • Utilities Included

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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 $799. Terra at Ashley has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here are the most affordable Red Bank apartments for rent in Chattanooga, TN:

Apartment ListingModel NameBed/BathPriced From
River Hills FlatsThe Creekside FlatStudio,1BA$799
Terra at AshleyAP1X11BR,1BA$925
River City North2x22BR,2BA$940
Riverside North Apartment Homes1x11BR,1BA$950
The Reserve at Red Bank Apartment Homes1x11BR,1BA$960
Northshore Village1x1a1BR,1BA$975
Sunset Park Apartments1BR/1.0BA1BR,1BA$995
Arcadia CreeksideMeadowood1BR,1BA$999

Best Value Apartments for Rent in Red Bank, TN

As of September 17, 2025 the best value apartment in the Red Bank area is the $1.00 price per square foot Mckenzie Model at Trails of Signal Mountain in the in the Mountain Creek neighborhood starting from $1,224. The second greatest value Red Bank apartment is the Two Bedroom Model at Arbors at Signal Mountain starting at $1,080 with a $0.95 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.
Trails of Signal MountainMckenzie2BR,1.5BA$1.00
Arbors at Signal MountainTwo Bedroom2BR,2BA$0.95
Riverview NorthB12BR,1.5BA$1.22
MAA WindridgeThe Azalea1BR,1BA$1.26
River City North2x22BR,2BA$1.17
22 W Ontario St, Unit 922 W Ontario St1BR,1BA$0.95
Kate's View2 Bedroom2BR,1BA$1.28
Midvale Heights1 Bedroom 1 Bathroom B1BR,1BA$1.27
Sunset Park Apartments1BR/1.0BA1BR,1BA$1.24
Terra at AshleyAP1X11BR,1BA$1.32

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
Red Bank, Chattanooga, TN

Ranked #50

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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!

Getting Around the Red Bank Neighborhood in Chattanooga, TN

Walk Score®

41 / 100

Car-Dependent

Most errands require a car

Bike Score®

31 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Terra at Ashley which is listed at $925, while the average apartment in Red Bank costs $2,145.

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 5 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 $149 which is $1,996 cheaper than the average rent for all rentals in Red Bank.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.