Cheap Apartments for Rent in Collierville, TN from $876 (37 Rentals)

How Many Bedrooms?Done
Price OptionsDone
Price Range
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Collierville.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article
property at 518 Harris St
$1,750

Total Monthly Price

Base Rent$1,750
Total Monthly Price$1,750
3 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

518 Harris St

ColliervilleTN38017
close
View Me
Center Court Apartments
1 to 2 Bedroom Apartments

Center Court Apartments

288 S Center StCollierville, TN 38017
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article
close
View Me
Legacy Farm
1 to 3 Bedroom Apartments

Legacy Farm

1130 Legacy Farm CtCollierville, TN 38017
property at 955 Poplar Leaf Rd
$1,850

Total Monthly Price

Base Rent$1,850
Total Monthly Price$1,850
3 Bedroom, 2 Bath Home for Rent
Available Now
Affordability

955 Poplar Leaf Rd

ColliervilleTN38017

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.

Read Article
property at 1074 Tararidge Dr
$2,000

Total Monthly Price

Base Rent$2,000
Total Monthly Price$2,000
3 Bedroom, 2 Bath Home for Rent
Available Now

1074 Tararidge Dr

ColliervilleTN38017
property at 487 S Center St
$2,200

Total Monthly Price

Base Rent$2,200
Total Monthly Price$2,200
3 Bedroom, 2 Bath Home for Rent
Available Now

487 S Center St

ColliervilleTN38017

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.

Read Article
Showing Results 1-37, Page 1 of 1

Collierville, TN Local Guide

Cheapest Available Collierville Apartments for Rent

 

The cheapest available apartment rental in Collierville, TN is a 1 Bed unit found at Champions Hills at Windyke in the Germantown neighborhood priced from $1,130. Courtyard Off the Square Apartments in the Collierville neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,145. Here is today’s list of the most affordable Collierville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Champions Hills at WindykeOne Bed Golf Course Side1BR, 1BA$1,130
Courtyard Off the Square Apartments2BR/1BA2BR, 1BA$1,145
Madison at Schilling FarmsWindsor1BR, 1BA$1,156
The Westbury1x1 - 2nd Floor1BR, 1BA$1,168
The Villas at Germantown ApartmentsStudio (623 SF)Studio, 1BA$1,218
The Preserve at Forest CreekButtonwood1BR, 1BA$1,246
City Place at Germantown ApartmentsEvergreen1BR, 1BA$1,261
Dogwood CreekOak with Patio-Renovated1BR, 1BA$1,270
Bailey Creek Apartment HomesWindsong1BR, 1BA$1,299
Collier Village Apartments22S 2br2BR, 1BA$1,300

Best Value Apartments for Rent in Collierville, TN

As of September 22, 2026 the best value apartment in the Collierville area is the $1.44 price per square foot 3x2 - 1st Floor with Garage Model at The Westbury in the Germantown neighborhood starting from $1,940. The second greatest value Collierville apartment is the Emory 2 Model at Miller Creek at Germantown Apartments in the Germantown neighborhood starting at $1,423 with a $1.57 price per square foot. Here is today’s list of the best values for Collierville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Westbury3x2 - 1st Floor with Garage3BR, 2BA$1.44
Miller Creek at Germantown ApartmentsEmory 21BR, 1BA$1.57
Dogwood CreekCypress with Patio-Renovated2BR, 2BA$1.75
Collier Village Apartments22S 2br2BR, 1.5BA$1.51
Legacy FarmHalley Renovated1BR, 1BA$1.58
Courtyard Off the Square Apartments2BR/1BA2BR, 1BA$1.35
City Place at Germantown ApartmentsAudubon1BR, 1BA$1.56
Champions Hills at WindykeOne Bed Golf Course Side1BR, 1BA$1.43
The Preserve at Forest CreekButtonwood1BR, 1BA$1.59
Madison at Schilling FarmsWindsor1BR, 1BA$1.51

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.

Read Article
Decorative image

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.

Read Article

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Collierville, TN
Population: 50,616

Ranked #770

in US Census Population by City

decorative image of people examining a giant globe and floating graphs

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Collierville, TN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Collierville, TN

View Map
Collierville, TN Apartments Map
View Map
Collierville, TN Rental Homes Map

Frequently Asked Questions about Cheap Collierville Apartments

What is the Cheapest Studio apartment in Collierville?

Currently the most affordable Cheap Studio Apartment in Collierville is at The Villas at Germantown Apartments listed at $1,218.

How much is rent for a Cheap One Bedroom Collierville Apartment?

The lowest price for a Cheap One Bedroom Collierville Apartment is $1,130 at Champions Hills at Windyke.

What is the lowest price for a Cheap Two Bedroom Collierville Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Collierville is starting from $1,145 at Courtyard Off the Square Apartments.

What is the most affordable Collierville Three Bedroom Apartment?

The best deal on a cheap Collierville Three Bedroom Apartment rental is at Dogwood Creek and starts from $1,556.

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 Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for How Commercial-to-Residential Property Conversions Help the Housing Crisis article

How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

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.