Cheap Apartments for Rent in Collierville, TN from $1,000 (34 Rentals)

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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.

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property at 518 Harris St

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750
Total Monthly Price
$1,750

3 Bedroom, 1 Bath Home for Rent

Available Now

518 Harris St

ColliervilleTN38017

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.

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Center Court Apartments
1 to 2 Bedroom Apartments

Center Court Apartments

288 S Center StCollierville, TN 38017
  • Utilities Included
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Legacy Farm
1 to 3 Bedroom Apartments

Legacy Farm

1130 Legacy Farm CtCollierville, TN 38017

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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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 1-34, 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 Dogwood Creek in the Collierville neighborhood priced from $1,121. 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
Dogwood CreekCedar1BR,1BA$1,121
Courtyard Off the Square Apartments2BR/1BA2BR,1BA$1,145
Champions Hills at Windyke1 Bd 1 Ba Down Porch1BR,1BA$1,183
The Villas at Germantown ApartmentsStudio (525 SF)Studio,1BA$1,196
The Westbury2x2 - 2nd Floor2BR,2BA$1,241
Irene Woods ApartmentsFranklin1BR,1BA$1,280
Madison at Schilling FarmsSummerhill1BR,1BA$1,280
Bailey Creek Apartment HomesWindsong1BR,1BA$1,299
Collier Village Apartments22S 2br2BR,1BA$1,300
City Place at Germantown ApartmentsAudubon1BR,1BA$1,339

Best Value Apartments for Rent in Collierville, TN

As of August 08, 2026 the best value apartment in the Collierville area is the $1.68 price per square foot 3BB2-3X2 Model at Carrington at Schilling Farms in the in the Collierville neighborhood starting from $2,306. The second greatest value Collierville apartment is the Magnolia Model at The Preserve at Forest Creek starting at $1,654 with a $1.23 price per square foot in the Germantown neighborhood. 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.
Carrington at Schilling Farms3BB2-3X23BR,2BA$1.68
The Preserve at Forest CreekMagnolia3BR,2BA$1.23
The Westbury2x2 - 1st Floor with Garage2BR,2BA$1.17
Miller Creek at Germantown ApartmentsEmory 21BR,1BA$1.54
Collier Village Apartments22S 2br2BR,1.5BA$1.51
Legacy FarmHalley Renovated1BR,1BA$1.61
Courtyard Off the Square Apartments2BR/1BA2BR,1BA$1.35
City Place at Germantown ApartmentsAudubon1BR,1BA$1.64
Dogwood CreekCedar1BR,1BA$1.51
Champions Hills at Windyke1 Bd 1 Ba Down Porch1BR,1BA$1.64

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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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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Collierville, TN
Population: 50,616

Ranked #770

in US Census Population by City

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

Explore Collierville, TN Rentals by Map

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See the most popular apartments and homes in Collierville, TN

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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 $1,196.

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

The lowest price for a Cheap One Bedroom Collierville Apartment is $1,121 at Dogwood Creek.

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

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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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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.

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.