Cheap Apartments for Rent in the Red Bank Neighborhood of Chattanooga, TN from $500 (51 Rentals)

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

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

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900 Mountain Creek Rd
Studio to 4 Bedroom Apartments

900 Mountain Creek Rd

900 Mountain Creek RdChattanooga, TN 37405
  • Utilities Included
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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

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 Outpost
1 Bedroom Apartments

The Outpost

2614 Lyndon AveChattanooga, TN 37415
property at 713 Lupton Dr

$895

2 Bedroom Rentals

Available Now

713 Lupton Dr

ChattanoogaTN37415
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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

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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property at 120 Wolfe St

$995

2 Bedroom, 1 Bath Townhome for Rent

Available Now

120 Wolfe St

ChattanoogaTN37415

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 $699. River City North has the second lowest priced unit, which is a 2 Beds apartment currently listed from $832. Here are the most affordable Red Bank apartments for rent in Chattanooga, TN:

Apartment ListingModel NameBed/BathPriced From
River Hills FlatsThe Creekside FlatStudio,1BA$699
River City North2 Bedroom2BR,2BA$832
Terra at AshleyA11BR,1BA$849
The Oaks at Northshore0x1Studio,1BA$850
Northshore Village1x1a1BR,1BA$950
Trails of Signal MountainMajesticStudio,1BA$955
Sunset Rock ApartmentsUnit 91BR,1BA$995
Midvale Heights1 Bedroom 1 Bathroom B1BR,1BA$999
Ridgemont at Stringers Ridge1X1A1BR,1BA$1,049

Best Value Apartments for Rent in Red Bank, TN

As of February 04, 2026 the best value apartment in the Red Bank area is the $1.18 price per square foot B1 Renovated Model at Riverview North in the in the Mountain Creek neighborhood starting from $1,242. The second greatest value Red Bank apartment is the The Azalea Model at MAA Windridge starting at $1,333 with a $1.28 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.
Riverview NorthB1 Renovated2BR,1.5BA$1.18
MAA WindridgeThe Azalea1BR,1BA$1.28
River City North2 Bedroom2BR,2BA$0.84
104 Santeelah St, Unit 2 Bedroom apt104 Santeelah St2BR,1BA$1.22
22 W Ontario St, Unit 922 W Ontario St1BR,1BA$0.92
Kate's View2 Bedroom2BR,1BA$1.28
Northshore Flats Apartments2X12BR,1BA$1.31
Midvale Heights1 Bedroom 1 Bathroom B1BR,1BA$1.15
Views at Signal MountainThe Crescent2BR,1BA$1.28
Terra at AshleyA11BR,1BA$1.21

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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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 $1,049.

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 $849, 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 2 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 $119 which is $2,026 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

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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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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.