
Cheap Homes for Rent in Mercer, TN from $600 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Mercer.


920 N Monroe Ave

1154 Westmoreland St

147 Tisdale St

113 Holly Cove

207 S Hays Ave
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.

541 S Royal St

408 Briggs St

1124 Hatchie St

68 Monroe Ave

710 Gay St

420 N McLemore Ave
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.

1177 Westmoreland St

56 Jefferson St

506 Greenwood Ave

238 Hickory Trail

226 Hickory Trail

220 Hickory Trail
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.
Mercer, TN Local Guide

How much does it cost to rent a home in Mercer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mercer 2 Bedroom Homes for Rent | $1,094 | $750 | $1,850 |
| Mercer 3 Bedroom Homes for Rent | $1,549 | $1,000 | $2,300 |
| Mercer 4 Bedroom Homes for Rent | $1,483 | $1,400 | $1,650 |
| Mercer 5 Bedroom Homes for Rent | $1,300 | $1,300 | $1,300 |
Browse Top Homes for Rent in Mercer
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Mercer, TN Local Guide
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Cheapest Available Mercer Apartments for Rent and Nearby
 The cheapest available apartment rental in Mercer, TN is a 1 Bed unit found at Purdy Place Apartments priced from $725. Brownsville Flats has the second lowest priced unit, which is a 2 Beds apartment currently listed from $938. Here is today’s list of the most affordable Mercer apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Purdy Place Apartments | 1 BDR/1 Bath | 1BR,1BA | $725 |
| Brownsville Flats | B-2-50% PBV | 2BR,1BA | $938 |
| Creekside Apartments | 1BR/1BA | 1BR,1BA | $975 |
| Riverbrook Luxury Apartments | 2BR/2.0BA | 2BR,2BA | $987 |
| Pointe at 731 | 1BR - 1BTH | 1BR,1BA | $999 |
Best Value Apartments for Rent in Mercer, TN and Nearby
As of June 23, 2026 the best value apartment in the Mercer area is the $1.03 price per square foot C1 Model at Camellia Trace in the starting from $1,460. The second greatest value Mercer apartment is the Model2A Model at Suites of Larue starting at $1,200 with a $1.00 price per square foot in the Downtown Jackson neighborhood. Here is today’s list of the best values for Mercer apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Camellia Trace | C1 | 3BR,2BA | $1.03 |
| Suites of Larue | Model2A | 2BR,2BA | $1.00 |
| Pointe at Boardwalk | 2BR - 2BTH Renovated W/D | 2BR,2BA | $1.09 |
| The Hermitage | The Tennessee | 2BR,1.5BA | $1.06 |
| Riverbrook Luxury Apartments | 3BR/2.0BA | 3BR,2BA | $1.14 |
| Pointe at Ridge Cove Apartments | 2BR - 2BTH Renovated W/D | 2BR,2BA | $1.15 |
| Sunrise Luxury Apartments | 22G50 | 2BR,2BA | $1.13 |
| Chapel Ridge of Ripley | Two Bedroom Two Bathroom | 2BR,1BA | $1.11 |
| Brownsville Flats | B-2-50% PBV | 2BR,1BA | $1.04 |
| Purdy Place Apartments | 1 BDR/1 Bath | 1BR,1BA | $0.97 |
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 ArticleReal 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.
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!
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Frequently Asked Questions about Mercer
What type of rentals are currently available in Mercer?
There are currently 36 Apartments for Rent in Mercer, TN with pricing that ranges from $725 to $2,600. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mercer ranging from $650 to $2,300.
What is the current price range for Rental Homes in Mercer?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Mercer ranges from $650 to $2,300 with an average monthly rent of $1,215.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.

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.

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.