Cheap Apartments for Rent in Prospect, TN from $600 (35 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
close
View Me
Henry House at Clift Farm
Rent Specials
$1,163 - $1,705
Total Monthly Price

Total Monthly Price

Base Rent
$1,111 - $1,653
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Henry House at Clift Farm

1435 Balch RdMadison, AL 35757
Affordability
  • Verified
  • Customer Reviewed

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.

Read Article
close
View Me
1089 Burwell Rd
1 Bedroom Apartments

1089 Burwell Rd

1089 Burwell RdHarvest, AL 35749
Corporate Housing
  • 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.

Read Article
Showing Results 1-35, Page 1 of 1

Prospect, TN Local Guide

Cheapest Available Prospect Apartments for Rent and Nearby

 

The cheapest available apartment rental in Prospect, TN is a Studio unit found at Swan Creek Apartments priced from $695. Clinton Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here is today’s list of the most affordable Prospect apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Swan Creek ApartmentsStudioStudio,1BA$695
Clinton Place1 BD 1 BA Renovated w/ Washer Dryer1BR,1BA$799
Windsor Apartments1 BD 1 BA UPGRADED1BR,1BA$849
The Henry2 Bed 2 Bath Renovated2BR,2BA$869
Magnolia RowDogwood1BR,1BA$875
Highland PointeStudioStudio,1BA$899
Tanglewood ApartmentsTwo Bedroom Residence2BR,1BA$899
The Edison at MadisonFord1BR,1BA$900
Cleo ApartmentsOne Bedroom One Bathroom1BR,1BA$900
Creekside2 Bedroom2BR,2BA$905

Best Value Apartments for Rent in Prospect, TN and Nearby

As of March 20, 2026 the best value apartment in the Prospect area is the $0.95 price per square foot Anson Model at The Collection Madison Farms in the starting from $1,745. The second greatest value Prospect apartment is the 2 Deluxe Model at Belle Mor Luxury Apartments starting at $1,399 with a $0.86 price per square foot in the N Outer Madison Airport neighborhood. Here is today’s list of the best values for Prospect apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Collection Madison FarmsAnson3BR,2.5BA$0.95
Belle Mor Luxury Apartments2 Deluxe2BR,2BA$0.86
Cambridge Place Luxury Apartments2 Bedroom2BR,2BA$0.96
Lucas Ferry Townhomes2 Bed 2 Bath2BR,2BA$1.02
Cottonwood Apartments3 Bedroom Townhome3BR,2.5BA$0.89
Autumn FallsBrand New 2 Bedroom 2 Bathroom END Unit2BR,2BA$1.07
The Henry3 Bed 2 Bath Renovated3BR,2BA$0.99
Weston RanchWyoming2BR,2BA$0.98
Creekside3 Bedroom3BR,2BA$0.95
Higgins Estates ApartmentsTwo Bedroom2BR,1BA$1.07

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.

Read Article
Decorative image

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 Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Prospect, TN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Prospect, TN

View Map
Prospect, TN Apartments Map
View Map
Prospect, TN Rental Homes Map

Frequently Asked Questions about Cheap Prospect Apartments

What is the Cheapest Studio apartment in Prospect?

Currently the most affordable Cheap Studio Apartment in Prospect is at Swan Creek Apartments listed at $695.

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

The lowest price for a Cheap One Bedroom Prospect Apartment is $799 at Clinton Place.

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

Today's best deal for a Cheap Two Bedroom Apartment in Prospect is starting from $869 at The Henry.

What is the most affordable Prospect Three Bedroom Apartment?

The best deal on a cheap Prospect Three Bedroom Apartment rental is at Creekside and starts from $1,043.

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 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.

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

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.