
Cheap Apartments for Rent in Elmwood, TN from $500 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Elmwood.


Eagle Village

Saxony Apartment Homes

WILLOW PARK APARTMENTS

101 Big Oak Dr
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.

Copper Springs by Meadows Properties

Summerfield Apartments

1829 Stargazer Dr

The Reserve at Lebanon

205 E 13th St
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.

Crosswinds Condominiums

1319 Autumn Ave

311 S Mark Twain St

130 S Main St
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.

830 Oconnor St
Elmwood, TN Local Guide

How much does it cost to rent an apartment in Elmwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elmwood Studio Apartments | $1,149 | $925 | $1,677 |
| Elmwood 1 Bedroom Apartments | $1,321 | $800 | $1,918 |
| Elmwood 2 Bedroom Apartments | $1,532 | $950 | $2,257 |
| Elmwood 3 Bedroom Apartments | $2,074 | $1,197 | $2,450 |
| Elmwood 4 Bedroom Apartments | $1,877 | $1,775 | $1,920 |
Browse Top Apartments in Elmwood
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Elmwood, TN Local Guide
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Cheapest Available Elmwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Elmwood, TN is a 2 Beds unit found at Royal Oaks priced from $536. Eagle Village has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here is today’s list of the most affordable Elmwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Royal Oaks | 2bdr | 2BR,1BA | $536 |
| Eagle Village | Studio | Studio,1BA | $800 |
| University Towers | Studios | 1BR,1BA | $800 |
| Cypress Creek | 2 Bedroom 2 Bathroom | 2BR,2BA | $912 |
| ELEVEN50 | 2 Beds, 1.5 baths | 2BR,1BA | $1,025 |
Best Value Apartments for Rent in Elmwood, TN and Nearby
As of January 03, 2026 the best value apartment in the Elmwood area is the $1.05 price per square foot Unit 13-3-bedroom Model at Flats at Melrose in the in the Colonial Village neighborhood starting from $1,895. The second greatest value Elmwood apartment is the 1235 Bluebird, Unit B Model at Bluebird Townhomes starting at $1,775 with a $0.99 price per square foot in the Downtown Lebanon neighborhood. Here is today’s list of the best values for Elmwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Flats at Melrose | Unit 13-3-bedroom | 3BR,2.5BA | $1.05 |
| Bluebird Townhomes | 1235 Bluebird, Unit B | 4BR,2.5BA | $0.99 |
| South Maple Townhomes | 3A | 3BR,2.5BA | $1.16 |
| Cedar City Townhomes | Unit 17 | 3BR,2.5BA | $1.16 |
| Hampton Creek | 3 Bedroom 2 Bath | 3BR,2BA | $1.16 |
| Hamilton Station | 2 Bedroom Craftsman | 2BR,2BA | $1.13 |
| Saxony Apartment Homes | 2BR/1.5BA 1150 | 2BR,1.5BA | $1.07 |
| ELEVEN50 | 3 Beds, 2 baths | 3BR,2BA | $1.18 |
| Cypress Creek | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.00 |
| Royal Oaks | 2bdr | 2BR,1BA | $0.71 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elmwood, TN Rentals by Map
See the most popular apartments and homes in Elmwood, TN
Frequently Asked Questions about Cheap Elmwood Apartments
How much is rent for a Cheap One Bedroom Elmwood Apartment?
The lowest price for a Cheap One Bedroom Elmwood Apartment is $800 at University Towers.
What is the lowest price for a Cheap Two Bedroom Elmwood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Elmwood is starting from $536 at Royal Oaks.
What is the most affordable Elmwood Three Bedroom Apartment?
The best deal on a cheap Elmwood Three Bedroom Apartment rental is at Cypress Creek and starts from $1,051.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!






