Cheap Apartments for Rent in Elgin, TN from $700 (34 Rentals)

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

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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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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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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Magnolia Terrace
1 Bedroom Apartments

Magnolia Terrace

222 Broad StJellico, TN 37762
Senior Living
  • Utilities Included

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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Elgin, TN Local Guide

Cheapest Available Elgin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elgin, TN is a 1 Bed unit found at Ashton Place Apartments priced from $780. Coal Creek Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Elgin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ashton Place Apartments1 BR1BR,1BA$780
Coal Creek Apartment Homes1 bedroom1BR,1BA$850
Magnolia Place1 Bed 1 Bath1BR,1BA$895
Hillview Terrace Apartments1-bedroom1BR,1BA$950
College GroveTwo Bedroom2BR,1BA$985
The Bunkers at Oak RidgeOne Bedroom - One Bath1BR,1BA$990
Waters Edge Apartment HomesOne Bedroom1BR,1BA$1,025
Kenridge ApartmentsA11BR,1BA$1,099
Teller Village Apartments2 Bedroom2BR,2BA$1,177
The Oaks Apartments1BR/1.0BA1BR,1BA$1,195

Best Value Apartments for Rent in Elgin, TN and Nearby

As of June 12, 2026 the best value apartment in the Elgin area is the $1.23 price per square foot The Sycamore Model at Poplar Creek in the starting from $2,295. The second greatest value Elgin apartment is the Single Family Home Three Bedroom Two Bath Model at Residences at Devanshire starting at $1,829 with a $1.35 price per square foot in the West Knoxville neighborhood. Here is today’s list of the best values for Elgin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Poplar CreekThe Sycamore3BR,2.5BA$1.23
Residences at DevanshireSingle Family Home Three Bedroom Two Bath3BR,2BA$1.35
The Enclave of Hardin Valley ApartmentsC3BR,2BA$1.31
Secret City Apartments2 Bed 2 Bath2BR,2BA$1.27
Teller Village Apartments2 Bedroom2BR,2BA$1.27
Ashton Place Apartments1 BR1BR,1BA$0.93
Hillview Terrace Apartments1-bedroom1BR,1BA$1.27
Waters Edge Apartment HomesOne Bedroom1BR,1BA$1.37
Coal Creek Apartment Homes1 bedroom1BR,1BA$1.21
Magnolia Place1 Bed 1 Bath1BR,1BA$1.32

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

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Frequently Asked Questions about Cheap Elgin Apartments

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

The lowest price for a Cheap One Bedroom Elgin Apartment is $780 at Ashton Place Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Elgin is starting from $920 at Ashton Place Apartments.

What is the most affordable Elgin Three Bedroom Apartment?

The best deal on a cheap Elgin Three Bedroom Apartment rental is at Ashton Place Apartments and starts from $1,035.

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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.