Cheap Apartments for Rent in Collierville, TN from $700 (35 Rentals)

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

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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property at 1071 Greenview Rd

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200
Total Monthly Price
$2,200

3 Bedroom, 2 Bath Home for Rent

Available Jun 15

1071 Greenview Rd

ColliervilleTN38017

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 245 Brookstone Cove

$2,375

Total Monthly Price

Total Monthly Price

Base Rent
$2,375
Total Monthly Price
$2,375

3 Bedroom, 2 Bath Rentals

Available Now

245 Brookstone Cove

ColliervilleTN38017
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Legacy Farm
1 to 3 Bedroom Apartments

Legacy Farm

1130 Legacy Farm CtCollierville, TN 38017

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Showing Results 1-35, Page 1 of 1

Collierville, TN Local Guide

Cheapest Available Collierville Apartments for Rent

 

The cheapest available apartment rental in Collierville, TN is a 2 Beds unit found at Center Court Apartments in the Piperton Elba neighborhood priced from $1,075. Courtyard Off the Square Apartments in the Piperton Elba neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,195. Here is today’s list of the most affordable Collierville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Center Court Apartments2BR-FLD-2802BR,1BA$1,075
Courtyard Off the Square Apartments2BR/1BA2BR,1BA$1,195
The Westbury1x1 - 1st Floor1BR,1BA$1,217
The Preserve at Forest CreekButtonwood - Renovated1BR,1BA$1,267
The Villas at Germantown ApartmentsStudio (626 SF)Studio,1BA$1,278
Madison at Schilling FarmsWindsor1BR,1BA$1,283
Dogwood CreekWillow with Sunroom-Renovated1BR,1BA$1,291
Bailey Creek Apartment HomesSummer Breeze-Renovated1BR,1BA$1,323
Miller Creek at Germantown ApartmentsHolston 11BR,1BA$1,328
Springs at AshbySGCStudio,1BA$1,328

Best Value Apartments for Rent in Collierville, TN

As of May 08, 2026 the best value apartment in the Collierville area is the $1.60 price per square foot Chickasaw Model at City Place at Germantown Apartments in the in the Windyke-Southwind neighborhood starting from $2,295. The second greatest value Collierville apartment is the Two Bedroom Upstair With Sunro Model at Champions Hills at Windyke starting at $1,490 with a $1.31 price per square foot in the Windyke-Southwind 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.
City Place at Germantown ApartmentsChickasaw3BR,2BA$1.60
Champions Hills at WindykeTwo Bedroom Upstair With Sunro2BR,2BA$1.31
Irene Woods ApartmentsCandace2BR,1BA$1.44
The Westbury1x1 - 1st Floor1BR,1BA$1.37
Dogwood CreekWillow with Sunroom-Renovated1BR,1BA$1.48
Legacy FarmHalley Renovated1BR,1BA$1.61
Courtyard Off the Square Apartments2BR/1BA2BR,1BA$1.41
Bailey Creek Apartment HomesSummer Breeze-Renovated1BR,1BA$1.63
The Preserve at Forest CreekButtonwood - Renovated1BR,1BA$1.61
Center Court Apartments2BR-FLD-2802BR,1BA$1.48

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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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 $1,278.

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

The lowest price for a Cheap One Bedroom Collierville Apartment is $1,217 at The Westbury.

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 $1,075 at Center Court Apartments.

What is the most affordable Collierville Three Bedroom Apartment?

The best deal on a cheap Collierville Three Bedroom Apartment rental is at Irene Woods Apartments and starts from $1,735.

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 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.

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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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.