Cheap Apartments for Rent near Pelham, TN from $875 (48 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Hayfield Homes
Rent Specials
$995 - $1,450

Total Monthly Price

Base Rent$995 - $1,450
Total Monthly Price$995 - $1,450
1 to 3 Bedroom Apartments Available Now

Hayfield Homes

58 Hayfield SquareManchester, TN 37355
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  • Utilities Included
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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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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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Valley View Gardens
2 to 3 Bedroom Apartments

Valley View Gardens

10 Garden Court LoopDunlap, TN 37327
  • Utilities Included
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Midvale Heights
1 to 3 Bedroom Apartments

Midvale Heights

300 W Midvale AveChattanooga, TN 37405
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Carden Estates Apartments
1 to 2 Bedroom Apartments

Carden Estates Apartments

1700 Summer StManchester, TN 37355
Corporate Housing
  • Utilities Included
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Willow Grove
2 Bedroom Apartments

Willow Grove

1316-1346 Willow DrManchester, TN 37355

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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53 Haley Dr
Studio to 2 Bedroom Apartments

53 Haley Dr

53 Haley DrManchester, TN 37355
Furnished
  • Utilities Included
Showing Results 1-48, Page 1 of 1

Pelham, TN Local Guide

Cheapest Available Pelham Apartments for Rent and Nearby

 

The cheapest available apartment rental in Pelham, TN is a 2 Beds unit found at Bridgeport Apartments priced from $875. The Outpost in the Mountain Creek neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Pelham apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bridgeport Apartments2/12BR,1BA$875
The Outpost1BR/1BA1BR,1BA$895
Terra at AshleyA11BR,1BA$900
Windsor Village Apartments1BR/1BA1BR,1BA$900
Valley View GardensTwo Bedroom A2BR,1BA$908
Manchester Arbors Apartments1 Bedroom 1 Bath1BR,1BA$925
1558 S Spring St2 Beds, 1 bath2BR,1BA$950
Riverside North1 x 11BR,1BA$975
Hills Chapel ApartmentsTwo bedroom2BR,1BA$995
Hayfield HomesOne Bedroom1BR,1BA$995

Best Value Apartments for Rent in Pelham, TN and Nearby

As of September 10, 2026 the best value apartment in the Pelham area is the $1.23 price per square foot Lookout Townhome Model at Hartman Hill in the in the Mile Straight neighborhood starting from $2,325. The second greatest value Pelham apartment is the Mckenzie Model at Trails of Signal Mountain starting at $1,295 with a $1.06 price per square foot in the Mountain Creek neighborhood. Here is today’s list of the best values for Pelham apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hartman HillLookout Townhome4BR,2.5BA$1.23
Trails of Signal MountainMckenzie2BR,1.5BA$1.06
Park Trail Apartments2 Bedroom2BR,2BA$1.22
Asbury ParkAsbury 3B 2B3BR,2BA$1.05
Reserve at Red Bank2 x 2 R2BR,2BA$1.16
Magnolia Village Apartments2 Bedroom, 1 Bath2BR,1BA$1.04
1558 S Spring St2 Beds, 1 bath2BR,1BA$0.98
Davis Estates ApartmentsTwo Bedroom2BR,1BA$1.18
Bridgeport Apartments2/12BR,1BA$1.03
Valley View GardensTwo Bedroom A2BR,1BA$1.10

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 Pelham, TN Rentals by Map

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See the most popular apartments and homes in Pelham, TN

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Frequently Asked Questions about Cheap Pelham Apartments

What is the Cheapest Studio apartment in Pelham?

Currently the most affordable Cheap Studio Apartment in Pelham is at Tomorrow Building at Somer Station listed at $1,250.

How much is rent for a Cheap One Bedroom Pelham Apartment?

The lowest price for a Cheap One Bedroom Pelham Apartment is $895 at The Outpost.

What is the lowest price for a Cheap Two Bedroom Pelham Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Pelham is starting from $875 at Bridgeport Apartments.

What is the most affordable Pelham Three Bedroom Apartment?

The best deal on a cheap Pelham Three Bedroom Apartment rental is at Asbury Park and starts from $1,100.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.