Cheap Apartments for Rent in the St. Elmo Neighborhood of Chattanooga, TN from $500 (20 Rentals)

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Search the lowest-cost Apartments available for rent right now in the St. Elmo 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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St Elmo
Studio to 2 Bedroom Apartments

St Elmo

4625 Saint Elmo AveChattanooga, TN 37409
Senior Living
  • Utilities Included

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St. Elmo, Chattanooga, TN Local Guide

Cheapest Available St. Elmo Apartments for Rent

 

The cheapest available apartment rental in the St. Elmo area of Chattanooga, TN is a 3 Beds unit found at The Reserve at Mountain Pass priced from $637. 821 Vine St has the second lowest priced unit, which is a 2 Beds apartment currently listed from $700. Here are the most affordable St. Elmo apartments for rent in Chattanooga, TN:

Apartment ListingModel NameBed/BathPriced From
The Reserve at Mountain Pass3 Bedroom Two Bathroom3BR,2BA$637
821 Vine StPrivate Bedroom2BR,1BA$700
The Highlands Apartments1 Bed, 1 bath1BR,1BA$830
The Overlook ApartmentsStudioStudio,1BA$838
Tomorrow Building at Patten ParkwayEssential FloorplanStudio,1BA$899

Best Value Apartments for Rent in St. Elmo, TN

As of May 24, 2026 the best value apartment in the St. Elmo area is the $1.24 price per square foot Valley Model at Valley Ridge in the in the St. Elmo neighborhood starting from $2,179. The second greatest value St. Elmo apartment is the The Oak Model at Grey Parc of Rossville starting at $1,110 with a $0.88 price per square foot in the East Lake neighborhood. Here is today’s list of the best values for St. Elmo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Valley RidgeValley4BR,2BA$1.24
Grey Parc of RossvilleThe Oak3BR,1BA$0.88
The Reserve at Mountain Pass3 Bedroom Two Bathroom3BR,2BA$0.51
The Highlands Apartments3 Beds, 2 baths3BR,2BA$1.17
Calvary Park Apartments2 Bed/1.5 Bath Deluxe2BR,1.5BA$1.18
Woodland Apartments2br/2ba2BR,2BA$1.19
Gateway at Rossville2bd2ba2BR,2BA$0.98
706 Roberta Drive2BR/1.0BA2BR,1BA$1.16
2 Bed/1.5 Bath Apartment-Rossville, GA2BR/1.5BA2BR,1BA$1.17
The Fleetwood Building0BR/1.0BAStudio ,1BA$1.21

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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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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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
St. Elmo, Chattanooga, TN

Ranked #6

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap St. Elmo Apartments

What is the Cheapest Studio apartment in St. Elmo?

Currently the most affordable Cheap Studio Apartment in St. Elmo is at The Overlook Apartments listed at $838.

How much is rent for a Cheap One Bedroom St. Elmo Apartment?

The lowest price for a Cheap One Bedroom St. Elmo Apartment is $830 at The Highlands Apartments.

What is the lowest price for a Cheap Two Bedroom St. Elmo Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in St. Elmo is starting from $700 at 821 Vine St.

What is the most affordable St. Elmo Three Bedroom Apartment?

The best deal on a cheap St. Elmo Three Bedroom Apartment rental is at The Reserve at Mountain Pass and starts from $637.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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

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.