Cheap Apartments for Rent in Pelham, TN from $700 (50 Rentals)

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

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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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

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 310 Spring St

$675 - $795

1 To 2 Bedroom Rentals

Available Now

310 Spring St

MonteagleTN37356

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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Valley View Gardens
2 to 3 Bedroom Apartments

Valley View Gardens

10 Garden Court LoopDunlap, TN 37327
  • Utilities Included
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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
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53 Haley Dr
Studio to 2 Bedroom Apartments

53 Haley Dr

53 Haley DrManchester, TN 37355
Furnished
  • 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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Showing Results 1-50, 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 $800. Terra at Ashley in the Mountain Creek neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $849. Here is today’s list of the most affordable Pelham apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bridgeport Apartments2BR/1.0BA2BR,1BA$800
Terra at AshleyA11BR,1BA$849
The Outpost1BR/1BA1BR,1BA$895
Windsor Village Apartments1BR/1BA1BR,1BA$900
Asbury ParkAsbury 2B 2B2BR,2BA$900
Midvale Heights1 Bedroom 1 Bathroom A1BR,1BA$950
Northshore Village1x1a1BR,1BA$950
1558 S Spring St2 Beds, 1 bath2BR,1BA$950
Trails of Signal MountainMajesticStudio,1BA$955
Davis Estates ApartmentsTwo Bedroom2BR,1BA$995

Best Value Apartments for Rent in Pelham, TN and Nearby

As of April 26, 2026 the best value apartment in the Pelham area is the $0.90 price per square foot 2 Bedroom Model at Park Trail Apartments in the starting from $1,001. The second greatest value Pelham apartment is the 2x1 Model at Riverside North Apartment Homes starting at $1,055 with a $1.08 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.
Park Trail Apartments2 Bedroom2BR,2BA$0.90
Riverside North Apartment Homes2x12BR,1BA$1.08
1558 S Spring St2 Beds, 1 bath2BR,1BA$0.98
Carden Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.12
Davis Estates ApartmentsTwo Bedroom2BR,1BA$1.04
Valley View Gardens3 Bedroom Unit3BR,2BA$1.07
Asbury ParkAsbury 2B 2B2BR,2BA$1.00
Midvale Heights1 Bedroom 1 Bathroom B1BR,1BA$1.15
Bridgeport Apartments2BR/1.0BA2BR,1BA$0.94
Terra at AshleyA11BR,1BA$1.21

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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 Trails of Signal Mountain listed at $955.

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

The lowest price for a Cheap One Bedroom Pelham Apartment is $849 at Terra at Ashley.

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 $800 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 Valley View Gardens and starts from $1,015.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.