Cheap Homes for Rent in Pelham, TN from $500 (10 Rentals)

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property at 310 Spring St

$675 - $795

1 To 2 Bedroom Rentals

Available Now

310 Spring St

MonteagleTN37356

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.

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.

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
Asbury ParkAsbury 2B 2B2BR,2BA$850

Best Value Apartments for Rent in Pelham, TN and Nearby

As of April 12, 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 Hunter Model at Trails of Signal Mountain starting at $1,165 with a $1.17 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
Trails of Signal MountainHunter2BR,1BA$1.17
Magnolia Village Apartments2 Bedroom, 1 Bath2BR,1BA$1.04
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
Asbury ParkAsbury 2B 2B2BR,2BA$0.94
Midvale Heights1 Bedroom 1 Bathroom B1BR,1BA$1.15
Bridgeport Apartments2BR/1.0BA2BR,1BA$0.94
Valley View Gardens2 Bedroom Unit2BR,1BA$1.14

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!

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Frequently Asked Questions about Pelham

What type of rentals are currently available in Pelham?

There are currently 51 Apartments for Rent in Pelham, TN with pricing that ranges from $800 to $2,672. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pelham ranging from $580 to $2,850.

What is the current price range for Rental Homes in Pelham?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Pelham ranges from $580 to $2,850 with an average monthly rent of $1,389.

How much are larger Three and Four Bedroom Rentals in Pelham?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Pelham range from $1,325 to $2,562, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,199 to $2,850. Four Bedroom Single-Family rentals are also available starting from $1,695 and Four Bedroom Apartments start at $2,145.

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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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.

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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.

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.