Cheap Apartments for Rent in the Shepherd Hills Neighborhood of Madison, TN from $800 (24 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Shepherd Hills area of Madison.

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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October Homes
1 to 3 Bedroom Apartments

October Homes

606 N Dupont AveMadison, TN 37115
  • Utilities Included
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Madison Gardens
1 Bedroom Apartments

Madison Gardens

800 Anderson LnMadison, TN 37115
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Bldg A
1 to 2 Bedroom Apartments

Bldg A

555 N DuPont AveMadison, TN 37115

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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Cottonwood Apartments II
Studio to 1 Bedroom Apartments

Cottonwood Apartments II

602 E Old Hickory BlvdMadison, TN 37115
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Cottonwood Apartments
Studio to 1 Bedroom Apartments

Cottonwood Apartments

900 E Old Hickory BlvdMadison, TN 37115
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Autumn Chase
1 to 3 Bedroom Apartments

Autumn Chase

110 Harris StGoodlettsville, TN 37072
Corporate Housing
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Rivergate Meadows
1 to 3 Bedroom Apartments

Rivergate Meadows

100 Rivergate Meadows DrGoodlettsville, TN 37072

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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Showing Results 1-24, Page 1 of 1

Shepherd Hills, Madison, TN Local Guide

Cheapest Available Shepherd Hills Apartments for Rent

 

The cheapest available apartment rental in the Shepherd Hills area of Nashville, TN is a 1 Bed unit found at Dupont Avenue Apartments priced from $824. Orchard Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $855. Here are the most affordable Shepherd Hills apartments for rent in Nashville, TN:

Apartment ListingModel NameBed/BathPriced From
Dupont Avenue ApartmentsOne Bedroom1BR,1BA$824
Orchard Park1 BEDROOM1BR,1BA$855
Amalie Meadows ApartmentsCozy One Bedroom Apartment Home1BR,1BA$949
Crossings at MadisonA1 - 1Bed, 1Bath1BR,1BA$999
Heatherwood ApartmentsB Building (W/D Included) - 760sqft1BR,1BA$1,000

Best Value Apartments for Rent in Shepherd Hills, TN

As of June 10, 2026 the best value apartment in the Shepherd Hills area is the $1.27 price per square foot 3 Bed 2.5 Bath Townhome Model at Hickory Pointe in the in the Shepherd Hills neighborhood starting from $1,670. The second greatest value Shepherd Hills apartment is the The Stratford Model at Piccadilly Apartments starting at $1,499 with a $1.29 price per square foot in the Ivy Hill neighborhood. Here is today’s list of the best values for Shepherd Hills apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hickory Pointe3 Bed 2.5 Bath Townhome3BR,2.5BA$1.27
Piccadilly ApartmentsThe Stratford2BR,1.5BA$1.29
Meadow Creek3 Bedroom 2 Bathroom3BR,2BA$0.94
Cypress Creek Townhomes2x22BR,2BA$1.23
Bldg A2 Beds, 1 Baths2BR,1BA$1.11
Rivergate MeadowsBridgett2BR,1BA$1.34
Summerfield Place1x11BR,1BA$1.37
Heatherwood ApartmentsB Building (W/D Included) - 760sqft1BR,1BA$1.32
Crossings at MadisonA1 - 1Bed, 1Bath1BR,1BA$1.37
Dupont Avenue ApartmentsOne Bedroom1BR,1BA$1.27

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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Quick 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.

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Pet Friendly Lifestyle
Shepherd Hills, Madison, TN

Ranked #1

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Shepherd Hills Apartments

What is a cheap apartment in Shepherd Hills?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Shepherd Hills is under $1,140.

What is the price of a cheap apartment in Shepherd Hills?

The cheapest apartment in Shepherd Hills is Dupont Avenue Apartments which is listed at $824, while the average apartment in Shepherd Hills costs $2,150.

What types of apartments are the cheapest in Shepherd Hills?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 29 regular apartments in Shepherd Hills that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Shepherd Hills?

Cheap apartments in Shepherd Hills have an average cost of $206 which is $1,944 cheaper than the average rent for all rentals in Shepherd Hills.

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.

Helpful Local Expert Guides

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A Nashville Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Brandie Parton

I’m Brandie, your ApartmentHomeLiving.com local expert for Nashville, Tennessee.

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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Nashville

Written by: Brandie Parton

As part of the team here at Apartment Home Living, I am eager to tell you all about Nashville, and its amazing colleges and nearby neighborhoods that make perfect residences for students, seeking to increase their education and g.

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A Locals Look at Nashvilles Best Neighborhoods to Rent Near the Areas Largest Employers

Written by: Brandie Parton

Hi there, I am Brandie Parton, your local expert for Nashville, TN, with ApartmentHomeLiving.com.

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Peek Behind the Curtain at the Music City: Your Local Insiders Guide to Nashville

Written by: Brandie Parton

Hi there, I’m Brandie, your ApartmentHomeLiving.com local expert for the Nashville, Tennessee area.

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.