Cheap Apartments for Rent near Pelham, TN from $800 (42 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

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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The Outpost
1 Bedroom Apartments

The Outpost

2614 Lyndon AveChattanooga, TN 37415
Affordability
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Midvale Heights
1 to 3 Bedroom Apartments

Midvale Heights

300 W Midvale AveChattanooga, TN 37405

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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Carden Estates Apartments
1 to 2 Bedroom Apartments

Carden Estates Apartments

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

Willow Grove

1316-1346 Willow DrManchester, TN 37355
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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 $899. 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$899
Asbury ParkAsbury 2B 2B2BR,2BA$900
Windsor Village Apartments1BR/1BA1BR,1BA$900
Midtown Square Apartments, ChattanoogaThe Willow 1x11BR,1BA$950
Midvale Heights1 Bedroom 1 Bathroom A1BR,1BA$950
1558 S Spring St2 Beds, 1 bath2BR,1BA$950
Hills Chapel ApartmentsTwo bedroom2BR,1BA$995
Hayfield HomesOne Bedroom1BR,1BA$995
Magnolia Village Apartments2 Bedroom, 1 Bath2BR,1BA$1,020

Best Value Apartments for Rent in Pelham, TN and Nearby

As of July 26, 2026 the best value apartment in the Pelham area is the $0.82 price per square foot Finley Model at Trails of Signal Mountain in the in the Mountain Creek neighborhood starting from $1,149. The second greatest value Pelham apartment is the 2 x 1.5 Model at Northshore Village starting at $1,250 with a $1.14 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.
Trails of Signal MountainFinley2BR,2BA$0.82
Northshore Village2 x 1.52BR,1.5BA$1.14
MAA WindridgeThe Azalea1BR,1BA$1.15
Reserve at Red Bank2 x 2 R2BR,2BA$1.11
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
Asbury ParkAsbury 2B 2B2BR,2BA$1.00
Midvale Heights1 Bedroom 1 Bathroom A1BR,1BA$1.12
Bridgeport Apartments2BR/1.0BA2BR,1BA$0.94

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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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!

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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 Midtown Square Apartments, Chattanooga listed at $1,050.

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

The lowest price for a Cheap One Bedroom Pelham Apartment is $899 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 Hayfield Homes and starts from $1,295.

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.