Cheap Apartments for Rent in the Red Bank Neighborhood of Chattanooga, TN from $700 (69 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Chattanooga's Best Affordable Neighborhoods

Learn about Chattanooga and the best places to live with original content written by our Local Expert Catrina Cowart

Read Article

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article

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.

Read Article

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article
close
View Me
Crestview Apartments
1 to 2 Bedroom Apartments

Crestview Apartments

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

3824 Redding Rd

3824 Redding RdChattanooga, TN 37415
close
View Me
Newberry Commons
1 to 3 Bedroom Apartments

Newberry Commons

3204 Redding RdChattanooga, TN 37415
property at 800 Lullwater Rd

$925 - $1,900

2 To 4 Bedroom Rentals

Available Now

800 Lullwater Rd

ChattanoogaTN37405
close
View Me
Midvale Heights
1 to 3 Bedroom Apartments

Midvale Heights

300 W Midvale AveChattanooga, TN 37405
close
View Me
Wendelia
2 Bedroom Apartments

Wendelia

2410 Lyndon AveChattanooga, TN 37415

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.

Read Article
Showing Results 1-50, Page 1 of 2

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. Terra at Ashley has the second lowest priced unit, which is a 1 Bed apartment currently listed from $849. Here are the most affordable Red Bank apartments for rent in Chattanooga, TN:

Apartment ListingModel NameBed/BathPriced From
River Hills FlatsRiver Hills Flats Studio Units AvailableStudio,1BA$849
Terra at AshleyA11BR,1BA$849
River City North2 Bedroom2BR,2BA$850
The Outpost1BR/1BA1BR,1BA$895
Windsor Village Apartments1BR/1BA1BR,1BA$900
Wendelia2 Beds, 1 Baths2BR,1BA$975
Midtown SquareEStudioStudio,1BA$975
Riverside North1 x 11BR,1BA$1,000

Best Value Apartments for Rent in Red Bank, TN

As of August 29, 2026 the best value apartment in the Red Bank area is the $1.26 price per square foot 3 bed 2.5 bath Townhome Model at Ascent at Signal Mountain in the in the Mountain Creek neighborhood starting from $1,699. The second greatest value Red Bank apartment is the Mckenzie Model at Trails of Signal Mountain starting at $1,295 with a $1.06 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.
Ascent at Signal Mountain3 bed 2.5 bath Townhome3BR,2.5BA$1.26
Trails of Signal MountainMckenzie2BR,1.5BA$1.06
MAA WindridgeThe Dogwood1BR,1BA$1.22
Riverview NorthB12BR,1.5BA$1.19
Reserve at Red Bank2 x 2 R2BR,2BA$1.16
Wendelia2 Beds, 1 Baths2BR,1BA$0.98
River City North2 Bedroom2BR,2BA$0.86
22 W Ontario St, Unit 122 W Ontario St1BR,1BA$0.95
203 Valley View Ave, Unit #1203 Valley View Ave1BR,1BA$0.88
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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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 the Cheapest Studio apartment in Red Bank?

Currently the most affordable Cheap Studio Apartment in Red Bank is at River Hills Flats listed at $849.

How much is rent for a Cheap One Bedroom Red Bank Apartment?

The lowest price for a Cheap One Bedroom Red Bank Apartment is $849 at Terra at Ashley.

What is the lowest price for a Cheap Two Bedroom Red Bank Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Red Bank is starting from $850 at River City North.

What is the most affordable Red Bank Three Bedroom Apartment?

The best deal on a cheap Red Bank Three Bedroom Apartment rental is at River City North and starts from $977.

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 Top Neighborhoods to Rent Near Major Colleges and Universities in Chattanooga, TN article

Top Neighborhoods to Rent Near Major Colleges and Universities in Chattanooga, TN

Written by: Catrina Cowart

Chattanooga is the home to many different universities, including the University of Tennessee at Chattanooga, Chattanooga State Community College, Southern Adventist University, Covenant College, and Richmont Graduate University.

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.