Cheap Apartments for Rent in Elgin, TN from $500 (16 Rentals)

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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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.

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Magnolia Terrace
1 Bedroom Apartments

Magnolia Terrace

222 Broad StJellico, TN 37762
Senior Living
  • Utilities Included
Showing Results 1-16, Page 1 of 1

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 The Bunkers at Oak Ridge priced from $840. Royce Hill- Income Restrictions Apply has the second lowest priced unit, which is a 1 Bed apartment currently listed from $854. Here is today’s list of the most affordable Elgin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Bunkers at Oak RidgeOne Bedroom - One Bath1BR,1BA$840
Royce Hill- Income Restrictions ApplyOne Bedroom1BR,1BA$854
Mason Greene3 Bedroom Townhouse3BR,1BA$869
Magnolia Place1 Bed 1 Bath1BR,1BA$895
Kenridge ApartmentsA11BR,1BA$1,100

Best Value Apartments for Rent in Elgin, TN and Nearby

As of May 24, 2025 the best value apartment in the Elgin area is the $1.19 price per square foot 4 Bedroom Home Model at Windermere Trails / TN Hardin Valley, LLC in the in the West Knoxville neighborhood starting from $2,595. The second greatest value Elgin apartment is the 3 Bedroom Home Model at Amber Vista - Brand New Homes starting at $2,650 with a $1.26 price per square foot . 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.
Windermere Trails / TN Hardin Valley, LLC4 Bedroom Home4BR,2.5BA$1.19
Amber Vista - Brand New Homes3 Bedroom Home3BR,2BA$1.26
Greystone VistaPicturesque-D3BR,2BA$1.45
Townhouse Row at GreystoneHadley3BR,2.5BA$1.41
The Summit TownhomesAltamont3BR,2.5BA$1.51
Lovell Crossing Apartments2x2 11182BR,2BA$1.46
Teller Village Apartments2 Bedroom2BR,2BA$1.23
Mason Greene3 Bedroom Townhouse3BR,1.5BA$1.09
Royce Hill- Income Restrictions ApplyOne Bedroom1BR,1BA$1.14
Magnolia Place1 Bed 1 Bath1BR,1BA$1.31

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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 $840 at The Bunkers at Oak Ridge.

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 $1,142 at Teller Village Apartments.

What is the most affordable Elgin Three Bedroom Apartment?

The best deal on a cheap Elgin Three Bedroom Apartment rental is at Mason Greene and starts from $869.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.