
Cheap Homes for Rent in Collierville, TN from $1,000 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Collierville.


121 West St

518 Harris St

1173 Clear Creek Rd

151 Wilson St
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.

3065 Green Fairway Cv S

376 Chickadee Cove

426 Cardinal Dr

105 Keough Rd

880 Hunters Retreat Dr
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.

347 Dove Valley Rd

254 Holiday Dr

304 Quinn Rd

487 S Center St

1197 Scarlet Tanager Ln
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.
Collierville, TN Local Guide

How much does it cost to rent a home in Collierville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Collierville 3 Bedroom Homes for Rent | $2,334 | $1,525 | $3,500 |
| Collierville 4 Bedroom Homes for Rent | $3,011 | $2,150 | $4,300 |
| Collierville 5 Bedroom Homes for Rent | $4,130 | $3,200 | $6,000 |
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Collierville, TN Local Guide
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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 $1,033. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Champions Hills at Windyke | One Bedroom W/Sunroom | 1BR,1BA | $1,033 |
| Courtyard Off the Square Apartments | 2BR/1BA | 2BR,1BA | $1,145 |
| The Villas at Germantown Apartments | Studio (623 SF) | Studio,1BA | $1,234 |
| Irene Woods Apartments | Alicia | 1BR,1BA | $1,270 |
| Madison at Schilling Farms | Windsor | 1BR,1BA | $1,289 |
Best Value Apartments for Rent in Collierville, TN
As of August 30, 2026 the best value apartment in the Collierville area is the $1.62 price per square foot The Retreat Model at The Signature At Schilling Farms in the in the Collierville neighborhood starting from $2,017. The second greatest value Collierville apartment is the 1BMB3-1X1 Model at Carrington at Schilling Farms starting at $1,702 with a $1.58 price per square foot in the Collierville neighborhood. Here is today’s list of the best values for Collierville apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Signature At Schilling Farms | The Retreat | 2BR,2BA | $1.62 |
| Carrington at Schilling Farms | 1BMB3-1X1 | 1BR,1BA | $1.58 |
| Dogwood Creek | Cypress with Patio-Renovated | 2BR,2BA | $1.75 |
| Collier Village Apartments | 22S 2br | 2BR,1.5BA | $1.51 |
| Legacy Farm | Halley Renovated | 1BR,1BA | $1.64 |
| Courtyard Off the Square Apartments | 2BR/1BA | 2BR,1BA | $1.35 |
| Champions Hills at Windyke | One Bed Golf Course Side | 1BR,1BA | $1.37 |
| The Preserve at Forest Creek | Buttonwood | 1BR,1BA | $1.65 |
| Madison at Schilling Farms | Windsor | 1BR,1BA | $1.69 |
| Irene Woods Apartments | Franklin | 1BR,1BA | $1.75 |
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 ArticleReal 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.
Collierville, TNPopulation: 50,616
Ranked #770
in US Census Population by City
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Collierville, TN Rentals by Map
See the most popular apartments and homes in Collierville, TN
Frequently Asked Questions about Collierville
What type of rentals are currently available in Collierville?
There are currently 36 Apartments for Rent in Collierville, TN with pricing that ranges from $948 to $4,109. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Collierville ranging from $1,525 to $6,000.
What is the current price range for Rental Homes in Collierville?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Collierville ranges from $1,525 to $6,000 with an average monthly rent of $2,961.
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

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.

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.

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.

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.