Cheap Apartments for Rent in the Red Bank Neighborhood of Chattanooga, TN from $500 (55 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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Crestview Apartments
1 to 2 Bedroom Apartments

Crestview Apartments

107 Goodson AveChattanooga, TN 37405
  • Utilities Included
property at 113 Goodson Ave

$790 - $950

1 To 2 Bedroom Rentals

Available Now

113 Goodson Ave

ChattanoogaTN37405
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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
property at 210 Hendricks Blvd

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895
Total Monthly Price
$895

2 Bedroom, 1 Bath Townhome for Rent

Available Now

210 Hendricks Blvd

ChattanoogaTN37405

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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Sergeant's Apartments
1 to 2 Bedroom Apartments

Sergeant's Apartments

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

Alpine Villas

4040 Mountain Creek RdChattanooga, TN 37415
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Abby North
1 to 2 Bedroom Apartments

Abby North

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

Hannah Parc

610 Gurley StChattanooga, TN 37405
  • Utilities Included
property at 1923 Hixson Pike

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195
Total Monthly Price
$1,195

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1923 Hixson Pike

ChattanoogaTN37405
property at 407 Colville St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

1 Bedroom, 1 Bath Home for Rent

Available Now

407 Colville St

ChattanoogaTN37405

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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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 The Oaks at Northshore priced from $850. 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
The Oaks at Northshore0x1Studio,1BA$850
The Outpost1BR/1BA1BR,1BA$895
Windsor Village Apartments1BR/1BA1BR,1BA$900
Midvale Heights1 Bedroom 1 Bathroom A1BR,1BA$950
Newberry Commons1 Bedroom1BR,1BA$950
River City North3 Bedroom3BR,2BA$956
Terra at AshleyB12BR,1BA$999
Rise at Signal Mountain ApartmentsA11BR,1BA$1,007
Ascent at Signal Mountain1 bed 1 bath1BR,1BA$1,045
Midtown Square Apartments, ChattanoogaThe Aspen StudioStudio,1BA$1,050

Best Value Apartments for Rent in Red Bank, TN

As of May 12, 2026 the best value apartment in the Red Bank area is the $1.05 price per square foot The Maple Model at MAA Windridge in the in the Mountain Creek neighborhood starting from $1,523. The second greatest value Red Bank apartment is the 3 Bedroom Model at River City North starting at $956 with a $0.81 price per square foot in the East Chattanooga 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.
MAA WindridgeThe Maple2BR,2BA$1.05
River City North3 Bedroom3BR,2BA$0.81
Northshore Village2 x 1.52BR,1.5BA$1.09
Riverview NorthB1 Renovated2BR,1.5BA$1.05
Trails of Signal MountainHunter2BR,1BA$1.17
The Links Apartments2 Bedroom 1 Bath Apartment Home, 930 square feet2BR,1BA$1.34
Kate's View2 Bedroom2BR,1BA$1.28
Terra at AshleyB12BR,1BA$1.15
Midvale Heights1 Bedroom 1 Bathroom A1BR,1BA$1.12
Rise at Signal Mountain ApartmentsA11BR,1BA$1.38

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

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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 $1,050.

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 $1,582.

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 $175 which is $1,407 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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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.