
Cheap Homes for Rent in Parsons, TN from $800 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Parsons.


1305 Proper St

385 Maddox Loop

207 S Hays Ave

541 S Royal St

328 W Main St

54 Monroe 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.

68 Monroe Ave

408 Briggs St

320 Samantha Cove

56 Jefferson St

506 Greenwood Ave

445 Southport Rd

40 Monroe 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.
Parsons, TN Local Guide

How much does it cost to rent a home in Parsons?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parsons 2 Bedroom Homes for Rent | $1,045 | $800 | $1,550 |
| Parsons 3 Bedroom Homes for Rent | $1,668 | $900 | $2,300 |
| Parsons 4 Bedroom Homes for Rent | $1,822 | $1,450 | $2,295 |
| Parsons 5 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
Browse Top Homes for Rent in Parsons
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Parsons, TN Local Guide
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Cheapest Available Parsons Apartments for Rent and Nearby
 The cheapest available apartment rental in Parsons, TN is a 1 Bed unit found at Purdy Place Apartments priced from $725. Walden Crest has the second lowest priced unit, which is a 2 Beds apartment currently listed from $917. Here is today’s list of the most affordable Parsons apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Purdy Place Apartments | 1 BDR/1 Bath | 1BR,1BA | $725 |
| Walden Crest | 2 Bedroom | 2BR,2BA | $917 |
| Creekside Apartments | 1BR/1BA | 1BR,1BA | $975 |
| Pointe at 731 | 1BR - 1BTH | 1BR,1BA | $999 |
| The Oaks at Jackson | The Magnolia | 1BR,1BA | $1,015 |
Best Value Apartments for Rent in Parsons, TN and Nearby
As of June 18, 2026 the best value apartment in the Parsons area is the $1.03 price per square foot C1 Model at Camellia Trace in the starting from $1,460. The second greatest value Parsons 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 Parsons 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 |
| Post House North | The Percheron | 2BR,2BA | $1.21 |
| University Village at Walker Road | 2 Bed 2 Bath | 2BR,2BA | $1.30 |
| Walden Crest | 2 Bedroom | 2BR,2BA | $0.87 |
| Pointe at 731 | 1BR - 1BTH Renovated | 1BR,1BA | $1.15 |
| Milan Luxury Apartments | 2BR/2.0BA | 2BR,2BA | $1.15 |
| Pointe at Ridge Cove Apartments | 1BR - 1BTH Renovated | 1BR,1BA | $1.23 |
| 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 Parsons
What type of rentals are currently available in Parsons?
There are currently 39 Apartments for Rent in Parsons, TN with pricing that ranges from $725 to $2,600. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parsons ranging from $800 to $2,300.
What is the current price range for Rental Homes in Parsons?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Parsons ranges from $800 to $2,300 with an average monthly rent of $1,439.
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 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.

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.