Cheap Apartments for Rent in the Shepherd Neighborhood of Chattanooga, TN from $500 (32 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 105 Hunt Ave

$1,025

2 Bedroom Rentals

Available Now

105 Hunt Ave

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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New Castle Apartments
Studio to 2 Bedroom Apartments

New Castle Apartments

5700 Roper StEast Ridge, TN 37412
  • Utilities Included

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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Showing Results 1-32, 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 $745. MAA Hamilton has the second lowest priced unit, which is a Studio apartment currently listed from $828. Here are the most affordable Shepherd apartments for rent in Chattanooga, TN:

Apartment ListingModel NameBed/BathPriced From
GoodHomes ChattanoogaStudioStudio,1BA$745
MAA HamiltonThe RoseStudio,1BA$828
Lily Grace SouthOne Bedroom1BR,1BA$899
The Grove at Hickory Valley0x1LStudio,1BA$905
MAA Heritage ParkThe Birch1BR,1BA$913
Park Ridge ApartmentsCozy 1 Bed 1 Bathroom Apartment1BR,1BA$924
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

Best Value Apartments for Rent in Shepherd, TN

As of January 26, 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 3 Bedroom, 2 Bathroom Model at Arden Landing Apartments starting at $1,490 with a $1.29 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
Arden Landing Apartments3 Bedroom, 2 Bathroom3BR,2BA$1.29
Glen Ridge Townhomes69422BR,2BA$1.13
Amberleigh RidgeB3 - The Slate2BR,2BA$1.35
Dogwood Place ApartmentsWonderful 2 Bedroom Apartment2BR,1BA$1.09
Parc 1346One Bedroom1BR,1BA$1.49
The ShallowfordThe Amberley (A1)1BR,1BA$1.49
Revere at Hamilton PlaceOne Bedroom One Bathroom1BR,1BA$1.50
MAA Heritage ParkThe Birch1BR,1BA$1.30
Lily Grace SouthOne Bedroom1BR,1BA$1.50

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 #29

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 $993 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 Arden Landing Apartments and starts from $1,490.

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

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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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.