Cheap Apartments for Rent in the Shepherd Neighborhood of Chattanooga, TN from $500 (22 Rentals)

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

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property at 103 Hunt Ave

103 Hunt Ave

ChattanoogaTN37411
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New Castle Apartments
Studio to 2 Bedroom Apartments

New Castle Apartments

5700 Roper StEast Ridge, TN 37412
  • Utilities Included

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Shepherd, Chattanooga, TN Local Guide

Cheapest Available Shepherd Apartments for Rent

 

The cheapest available apartment rental in the Shepherd area of Chattanooga, TN is a Studio unit found at GoodHomes Chattanooga priced from $745. MAA Hamilton has the second lowest priced unit, which is a Studio apartment currently listed from $818. Here are the most affordable Shepherd apartments for rent in Chattanooga, TN:

Apartment ListingModel NameBed/BathPriced From
GoodHomes ChattanoogaLIMITED AVAILABILITY! ENJOY 6 WEEKS FREE RENT! ...Studio,1BA$745
MAA HamiltonThe RoseStudio,1BA$818
Lily Grace SouthOne Bedroom1BR,1BA$899
The Grove at Hickory Valley0x1SStudio,1BA$899
Park Ridge ApartmentsCozy 1 Bed 1 Bathroom Apartment1BR,1BA$924

Best Value Apartments for Rent in Shepherd, TN

As of October 31, 2025 the best value apartment in the Shepherd area is the $1.26 price per square foot Hamilton Model at Cannondale Court in the in the Marimont neighborhood starting from $2,014. The second greatest value Shepherd apartment is the 2 Bed 2.5 Bath Model at Glen Ridge Townhomes starting at $1,500 with a $1.11 price per square foot in the Marimont neighborhood. Here is today’s list of the best values for Shepherd apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cannondale CourtHamilton3BR,2.5BA$1.26
Glen Ridge Townhomes2 Bed 2.5 Bath2BR,2.5BA$1.11
Monarch Apartments3C3BR,2BA$1.26
Reserve at CreeksideTwo Bedroom - Premium2BR,2BA$1.43
Dogwood Place ApartmentsWonderful 2 Bedroom Apartment2BR,1BA$1.14
The ShallowfordThe Ashford (A2)1BR,1BA$1.46
Parc 1346One Bedroom1BR,1BA$1.39
Ledford at Hamilton PlaceA11BR,1BA$1.40
MAA Heritage ParkThe Birch1BR,1BA$1.37
Lily Grace SouthOne Bedroom1BR,1BA$1.50

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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Pet Friendly Lifestyle
Shepherd, Chattanooga, TN

Ranked #27

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Shepherd, Chattanooga, TN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Shepherd, Chattanooga, and the greater Chattanooga area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, pet-friendly features, places that make kids happy, proximity to transit, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Shepherd Apartments

What is the Cheapest Studio apartment in Shepherd?

Currently the most affordable Cheap Studio Apartment in Shepherd is at GoodHomes Chattanooga listed at $745.

How much is rent for a Cheap One Bedroom Shepherd Apartment?

The lowest price for a Cheap One Bedroom Shepherd Apartment is $899 at Lily Grace South.

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

Today's best deal for a Cheap Two Bedroom Apartment in Shepherd is starting from $1,039 at Dogwood Place Apartments.

What is the most affordable Shepherd Three Bedroom Apartment?

The best deal on a cheap Shepherd Three Bedroom Apartment rental is at Dogwood Place Apartments and starts from $1,134.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.