Cheap Apartments for Rent in Elmwood, TN from $800 (57 Rentals)

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

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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Alluvian Terrace
3 to 4 Bedroom Apartments

Alluvian Terrace

255 Quinland Lake RdCookeville, TN 38506

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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230 Denton Ave
2 Bedroom Apartments

230 Denton Ave

230 Denton AveCookeville, TN 38501
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508 E Broad St
1 Bedroom Apartments

508 E Broad St

508 E Broad StCookeville, TN 38501
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Rollingwood Apartments
2 to 3 Bedroom Apartments

Rollingwood Apartments

100 Rollingwood DrLebanon, TN 37087
  • Utilities Included
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1816 Stargazer Dr
2 Bedroom Apartments

1816 Stargazer Dr

1816 Stargazer DrCookeville, TN 38501

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.

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Elmwood, TN Local Guide

Cheapest Available Elmwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elmwood, TN is a Studio unit found at Eagle Village priced from $800. University Towers has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Elmwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Eagle VillageStudioStudio,1BA$800
University TowersStudios1BR,1BA$800
Greentree Pointe2 Bedroom Ranch2BR,2BA$812
The Vue on Church Street Apartments1X11BR,1BA$850
Saxony Apartment Homes1BR/1BA w/d1BR,1BA$921
Cypress Creek2 Bedroom 2 Bathroom2BR,2BA$925
230 Denton Ave2 Bedroom2BR,1BA$995
Poplar Point2BR/1.0BA2BR,1BA$1,050
Crosswinds Condominiums1 BR 1 BA Flat1BR,1BA$1,095
70 E 18th St2 Bedroom2BR,1BA$1,111

Best Value Apartments for Rent in Elmwood, TN and Nearby

As of June 11, 2026 the best value apartment in the Elmwood area is the $1.08 price per square foot 3 Bedrooms, 2.5 Bathrooms Model at Legends Townhomes in the in the Colonial Village neighborhood starting from $1,999. The second greatest value Elmwood apartment is the 3A Model at South Maple Townhomes starting at $1,899 with a $1.10 price per square foot in the Colonial Village neighborhood. Here is today’s list of the best values for Elmwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Legends Townhomes3 Bedrooms, 2.5 Bathrooms3BR,2.5BA$1.08
South Maple Townhomes3A3BR,2.5BA$1.10
255 New Town Rd.243 New Town Rd.3BR,1.5BA$1.16
70 E 18th St2 Bedroom2BR,1.5BA$1.10
1816 Stargazer Dr2 Bedroom2BR,1.5BA$1.19
WILLOW PARK APARTMENTSThe Highlands3BR,1BA$1.21
Cypress Creek2 Bedroom 2 Bathroom2BR,2BA$0.99
Greentree Pointe2 Bedroom Ranch2BR,2BA$0.95
22 E 18th St2 Bedroom2BR,2BA$1.16
The Vue on Church Street Apartments1X11BR,1BA$1.14

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

Explore Elmwood, TN Rentals by Map

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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 $812 at Greentree Pointe.

What is the most affordable Elmwood Three Bedroom Apartment?

The best deal on a cheap Elmwood Three Bedroom Apartment rental is at Greentree Pointe and starts from $1,143.

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.