Cheap Apartments for Rent in the Shepherd Hills Neighborhood of Madison, TN from $800 (27 Rentals)

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

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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October Homes
1 to 3 Bedroom Apartments

October Homes

606 N Dupont AveMadison, TN 37115
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Cumberland Crossing
1 to 3 Bedroom Apartments

Cumberland Crossing

333 Rio Vista DrMadison, TN 37115
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Madison Gardens
1 Bedroom Apartments

Madison Gardens

800 Anderson LnMadison, TN 37115
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Cottonwood Apartments II
Studio to 1 Bedroom Apartments

Cottonwood Apartments II

602 E Old Hickory BlvdMadison, TN 37115
  • Utilities Included

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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Cottonwood Apartments
Studio to 1 Bedroom Apartments

Cottonwood Apartments

900 E Old Hickory BlvdMadison, TN 37115
  • Utilities Included

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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Rivergate Meadows
1 to 3 Bedroom Apartments

Rivergate Meadows

100 Rivergate Meadows DrGoodlettsville, TN 37072
Showing Results 1-27, 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 $895. Orchard Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $896. Here are the most affordable Shepherd Hills apartments for rent in Nashville, TN:

Apartment ListingModel NameBed/BathPriced From
Dupont Avenue ApartmentsOne Bedroom1BR,1BA$895
Orchard Park1 BEDROOM1BR,1BA$896
Crossings at MadisonA1 - 1Bed, 1Bath1BR,1BA$999
1070 Main ApartmentsA1R1BR,1BA$1,028
Drake's Creek CooperativeDrake's Creek Co-Op One Bedroom - The Grace1BR,1BA$1,033
Heatherwood ApartmentsB Building (W/D Included) - 760sqft1BR,1BA$1,075
Hickory Lofts2BR/1.0BA2BR,1BA$1,099
MAA Monthaven ParkAshford1BR,1BA$1,123
Bristol Park at RiverchaseThe Flint1BR,1BA$1,135
Hickory Chase1 Bedroom 1 Bathroom1BR,1BA$1,150

Best Value Apartments for Rent in Shepherd Hills, TN

As of January 14, 2026 the best value apartment in the Shepherd Hills area is the $1.23 price per square foot 918 N Graycroft Ave Model at 918 N Graycroft Ave, Unit A in the in the Ivy Hill neighborhood starting from $1,600. The second greatest value Shepherd Hills apartment is the 3 Bedroom Model at 18Thirty Apartments starting at $1,549 with a $1.35 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.
918 N Graycroft Ave, Unit A918 N Graycroft Ave2BR,1BA$1.23
18Thirty Apartments3 Bedroom3BR,2BA$1.35
Meadow Creek3 Bedroom 2 Bathroom3BR,2BA$1.20
Cypress Creek Townhomes2BR2BR,2BA$1.25
Rivergate MeadowsShea2BR,2BA$1.21
The Bend NashvilleThe Carter2BR,2BA$1.23
Hickory RunDanfield1BR,1BA$1.33
The Village at Crestview Apartments2 Bedroom2BR,1BA$1.15
Crossings at MadisonA1 - 1Bed, 1Bath1BR,1BA$1.37
Orchard Park1 BEDROOM1BR,1BA$1.28

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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The 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.

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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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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 $1,150.

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 $895, while the average apartment in Shepherd Hills costs $2,647.

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 46 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 $324 which is $2,323 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.

Articles, How-To's, and Tips

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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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.

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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.