Cheap Apartments for Rent in the Shepherd Neighborhood of Chattanooga, TN from $500 (44 Rentals)

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

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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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

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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property at 705 Woodmore Ln

$950 - $1,750

1 To 3 Bedroom Rentals

Available May 15

705 Woodmore Ln

ChattanoogaTN37411

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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Monarch Apartments
1 to 3 Bedroom Apartments

Monarch Apartments

7700 Aspen Lodge WayChattanooga, TN 37421
Corporate Housing
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Parc 1346
1 to 3 Bedroom Apartments

Parc 1346

1346 Gunbarrel RdChattanooga, TN 37421
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Reserve at Creekside
1 to 3 Bedroom Apartments

Reserve at Creekside

1340 Reserve WayChattanooga, TN 37421
Corporate Housing

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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New Castle Apartments
Studio to 2 Bedroom Apartments

New Castle Apartments

5700 Roper StEast Ridge, TN 37412
  • Utilities Included
Showing Results 1-44, 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 $775. The Grove at Hickory Valley has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here are the most affordable Shepherd apartments for rent in Chattanooga, TN:

Apartment ListingModel NameBed/BathPriced From
GoodHomes ChattanoogaStudioStudio,1BA$775
The Grove at Hickory Valley0x1SStudio,1BA$875
Lily Grace South1 Bed 1 Bath1BR,1BA$899
Spring Creek Gardens1 Bedroom 1 Bath Home with 611 Square Feet of L...1BR,1BA$925
East Ridge Village1 Bedroom 1 Home with 600 Square Feet of Living...1BR,1BA$925
Park Village ApartmentsOne Bedroom1BR,1BA$972
Equinox at MidtownSolstice1BR,1BA$985
MAA HamiltonThe JasmineStudio,1BA$1,018
Bridgeway Chattanooga Apartment HomesBlackBurn1BR,1BA$1,025

Best Value Apartments for Rent in Shepherd, TN

As of April 27, 2026 the best value apartment in the Shepherd area is the $1.25 price per square foot Hamilton Model at Cannondale Court in the in the Marimont neighborhood starting from $1,995. The second greatest value Shepherd apartment is the The Sarfino Model at Ashford Villas Apartment Homes starting at $1,793 with a $1.40 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$1.25
Ashford Villas Apartment HomesThe Sarfino2BR,2BA$1.40
Reserve at CreeksideTwo Bedroom - Premium2BR,2BA$1.43
Amberleigh RidgeB1 - The Copper2BR,1BA$1.36
Parc 1346One Bedroom1BR,1BA$1.42
The ShallowfordThe Amberley (A1)1BR,1BA$1.51
Equinox at MidtownSolstice1BR,1BA$1.30
Revere at Hamilton PlaceOne Bedroom One Bathroom1BR,1BA$1.50
4331 Lazard St, Unit Unit A4331 Lazard St1BR,1BA$1.42
Lily Grace South1 Bed 1 Bath1BR,1BA$1.50

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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Pet Friendly Lifestyle
Shepherd, Chattanooga, TN

Ranked #34

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 GoodHomes Chattanooga listed at $775.

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 Arden Landing Apartments and starts from $1,399.

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 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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.