Cheap Apartments for Rent in the St. Elmo Neighborhood of Chattanooga, TN from $620 (52 Rentals)

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Search the lowest-cost Apartments available for rent right now in the St. Elmo 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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5209 Saint Elmo Ave, Unit 2
$1,050
Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050
1 Bedroom Apartment Available Now

5209 Saint Elmo Ave, Unit 2

5209 Saint Elmo AveChattanooga, TN 37409
Affordability

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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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St Elmo
Studio to 2 Bedroom Apartments

St Elmo

4625 Saint Elmo AveChattanooga, TN 37409
Senior Living
  • 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 1-50, Page 1 of 2

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 1 Bed unit found at 821 Vine St priced from $775. The Highlands Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $830. Here are the most affordable St. Elmo apartments for rent in Chattanooga, TN:

Apartment ListingModel NameBed/BathPriced From
821 Vine StPrivate Bedroom1BR,1BA$775
The Highlands Apartments1 Bed, 1 bath1BR,1BA$830
The Overlook Apartments1 Bedroom 1 Bathroom1BR,1BA$890
The View at Mission RidgeOne Bedroom1BR,1BA$900
Passenger FlatsStudio WestStudio,1BA$909
Woodland Apartments1 Bedroom1BR,1BA$950
The Ridge ApartmentsOne Bedroom1BR,1BA$950
Eight59 Flats - Downtown ChattanoogaStudio - 349 - Eight59Studio,1BA$999
Gateway at Rossville2bd2ba2BR,2BA$1,037
2 Bed/1.5 Bath Apartment-Rossville, GA2BR/1.5BA2BR,1BA$1,049

Best Value Apartments for Rent in St. Elmo, TN

As of August 22, 2026 the best value apartment in the St. Elmo area is the $1.22 price per square foot Valley Model at Valley Ridge in the in the St. Elmo neighborhood starting from $2,150. The second greatest value St. Elmo apartment is the 3 Beds, 2 baths Model at The Highlands Apartments starting at $1,385 with a $1.17 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$1.22
The Highlands Apartments3 Beds, 2 baths3BR,2BA$1.17
Woodland Apartments2br/2ba2BR,2BA$1.19
Gateway at Rossville2bd2ba2BR,2BA$0.98
821 Vine StPrivate Bedroom1BR,1BA$0.78
The Fleetwood Building1BR/1.0BA1BR,1BA$1.33
Burnside1BR/1.0BA1BR,1BA$1.26
2 Bed/1.5 Bath Apartment-Rossville, GA2BR/1.5BA2BR,1BA$1.17
Campus Walk2BR/2BA - B12BR,2BA$1.08
5209 Saint Elmo Ave, Unit 25209 Saint Elmo Ave1BR,1BA$1.40

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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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 #5

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 a cheap apartment in St. Elmo?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in St. Elmo is under $1,049.

What is the price of a cheap apartment in St. Elmo?

The cheapest apartment in St. Elmo is 821 Vine St which is listed at $775, while the average apartment in St. Elmo costs $1,379.

What types of apartments are the cheapest in St. Elmo?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 58 regular apartments in St. Elmo that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in St. Elmo?

Cheap apartments in St. Elmo have an average cost of $1,128 which is $251 cheaper than the average rent for all rentals in St. Elmo.

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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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.