Cheap Apartments for Rent in the Shepherd Neighborhood of Chattanooga, TN from $500 (27 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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Park Village Apartments
1 to 2 Bedroom Apartments

Park Village Apartments

701 N Germantown RdChattanooga, TN 37411
  • Utilities Included

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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New Castle Apartments
Studio to 2 Bedroom Apartments

New Castle Apartments

5700 Roper StEast Ridge, TN 37412
  • Utilities Included
Showing Results 1-27, 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 GoodHomes Chattanooga priced from $825. Lily Grace South has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here are the most affordable Shepherd apartments for rent in Chattanooga, TN:

Apartment ListingModel NameBed/BathPriced From
GoodHomes ChattanoogaStudioStudio,1BA$825
Lily Grace SouthOne Bedroom1BR,1BA$899
Park Ridge ApartmentsCozy 1 Bed 1 Bathroom Apartment1BR,1BA$924
Ledford at Hamilton PlaceA11BR,1BA$999
The Grove at Hickory Valley1x1A1BR,1BA$1,040
Equinox at MidtownEcoStudio,1BA$1,065
Bridgeway Chattanooga Apartment HomesBlackBurn1BR,1BA$1,100
MAA HamiltonThe Magnolia1BR,1BA$1,124
Arden Landing Apartments1 Bedroom, 1 Bathroom1BR,1BA$1,125
Parc 1346One Bedroom1BR,1BA$1,146

Best Value Apartments for Rent in Shepherd, TN

As of June 22, 2025 the best value apartment in the Shepherd area is the $1.28 price per square foot Audubon Model at Cannondale Court in the in the Marimont neighborhood starting from $2,050. The second greatest value Shepherd apartment is the Three bedroom Model at Parc 1346 starting at $1,972 with a $1.41 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 CourtAudubon3BR,2.5BA$1.28
Parc 1346Three bedroom3BR,2BA$1.41
Reserve at CreeksideThree Bedroom - Premium3BR,2BA$1.25
Glen Ridge Townhomes2 Bed 2 bath2BR,2BA$1.18
District at Hamilton PlaceRosewood2BR,2BA$1.40
Amberleigh RidgeB2 - The Topaz2BR,2BA$1.29
MAA Heritage ParkThe Willow2BR,2BA$1.15
Revere at Hamilton PlaceTwo Bedroom Two Bathroom2BR,2BA$1.28
Ledford at Hamilton PlaceB12BR,1.5BA$1.39
The ShallowfordThe Ashford (A2)1BR,1BA$1.48

Quick Rent Budget Calculator

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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 #26

Among neighborhoods in Chattanooga, TN 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 GoodHomes Chattanooga listed at $825.

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 $1,099 at Lily Grace South.

What is the most affordable Shepherd Three Bedroom Apartment?

The best deal on a cheap Shepherd Three Bedroom Apartment rental is at Revere at Hamilton Place and starts from $1,569.

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.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.