Cheap Apartments for Rent in the Shepherd Neighborhood of Chattanooga, TN from $649 (48 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Shepherd 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

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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.

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property at 1438 Vance Rd
$1,150

Total Monthly Price

Base Rent$1,150
Total Monthly Price$1,150
2 Bedroom, 1.5 Bath Townhome for Rent
Available Now
Affordability

1438 Vance Rd, Unit C-1

1438 Vance Rd
ChattanoogaTN37421

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.

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Park Village Apartments
1 to 2 Bedroom Apartments

Park Village Apartments

701 N Germantown RdChattanooga, TN 37411
  • Utilities Included
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Monarch Apartments
1 to 3 Bedroom Apartments

Monarch Apartments

7700 Aspen Lodge WayChattanooga, TN 37421
Corporate Housing

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.

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Parc 1346
1 to 3 Bedroom Apartments

Parc 1346

1346 Gunbarrel RdChattanooga, TN 37421
property at 5364 Haisten Ct
$1,295
2 Bedroom Rentals
Available Now
Affordability

5364 Haisten Ct

ChattanoogaTN37412
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Glen Ridge Townhomes
2 Bedroom Apartments

Glen Ridge Townhomes

6901-6961 Glen Errol WayChattanooga, TN 37412
  • Utilities Included

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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Showing Results 1-48, Page 1 of 1

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 Lily Grace South priced from $699. GoodHomes Chattanooga has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Shepherd apartments for rent in Chattanooga, TN:

Apartment ListingModel NameBed/BathPriced From
Lily Grace SouthStudioStudio,1BA$699
GoodHomes ChattanoogaGoodHomes Chattanooga - LIMITED-TIME SPECIAL! A...Studio,1BA$800
Newcastle Apartments1 Bed 1 Bath E1BR,1BA$899
MAA HamiltonThe HibiscusStudio,1BA$923
Park Ridge ApartmentsWonderful 1 Bedroom1BR,1BA$924
Spring Creek Gardens1 Bedroom 1 Bath Home with 611 Square Feet of L...1BR,1BA$925
MAA Heritage ParkThe Birch1BR,1BA$953
Equinox at MidtownKnox - 1 Bed1 Bath1BR,1BA$985
Bridgeway Chattanooga Apartment HomesBlackBurn1BR,1BA$988
Arden Landing Apartments1 Bedroom, 1 Bathroom1BR,1BA$995

Best Value Apartments for Rent in Shepherd, TN

As of September 10, 2026 the best value apartment in the Shepherd area is the $1.18 price per square foot Hamilton Model at Cannondale Court in the in the Marimont neighborhood starting from $1,893. The second greatest value Shepherd apartment is the Three bedroom Model at Parc 1346 starting at $1,673 with a $1.20 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$1.18
Parc 1346Three bedroom3BR,2BA$1.20
The Collection at WiltshireEberly Exterior Unit3BR,2.5BA$1.45
Revere at Hamilton PlaceThree Bedroom Two Bathroom Floorplan3BR,2BA$1.42
Dogwood Place2 bed, 1 Bath 60%2BR,1BA$1.12
Equinox at MidtownKnox - 1 Bed1 Bath1BR,1BA$1.30
Ledford at Hamilton Place1/1 W/D1BR,1BA$1.51
Arden Landing Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.42
MAA Heritage ParkThe Birch1BR,1BA$1.36
Newcastle Apartments1 Bed 1 Bath E1BR,1BA$1.42

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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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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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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Pet Friendly Lifestyle
Shepherd, Chattanooga, TN

Ranked #37

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
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 Lily Grace South listed at $699.

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

The lowest price for a Cheap One Bedroom Shepherd Apartment is $899 at Newcastle Apartments.

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 $1,019 at Dogwood Place.

What is the most affordable Shepherd Three Bedroom Apartment?

The best deal on a cheap Shepherd Three Bedroom Apartment rental is at Dogwood Place and starts from $1,096.

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.

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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.