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

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

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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The Gabriel
Rent Specials
$1,200 - $1,920
Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $1,920
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Gabriel

1542 Balch RdMadison, AL 35757
Affordability
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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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1089 Burwell Rd
1 Bedroom Apartments

1089 Burwell Rd

1089 Burwell RdHarvest, AL 35749
Corporate Housing
  • Utilities Included

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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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 1 Bed unit found at Creekside priced from $751. Tanglewood Apartments in the Athens neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $799. Here is today’s list of the most affordable Prospect apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Creekside1 Bedroom1BR,1BA$751
Tanglewood ApartmentsTwo Bedroom Residence2BR,1BA$799
Clinton Place1 BD 1 BA Renovated w/ Washer Dryer1BR,1BA$799
Athens Square Apartments1BR/1.0BA1BR,1BA$800
Windsor Apartments1 BD 1 BA UPGRADED1BR,1BA$849
Highland PointeOne Bedroom1BR,1BA$899
1010 EllistonStudio LargeStudio,1BA$899
Cleo ApartmentsOne Bedroom One Bathroom1BR,1BA$900
The Henry2 Bed 2 Bath Renovated2BR,2BA$949
Magnolia RowDogwood1BR,1BA$975

Best Value Apartments for Rent in Prospect, TN and Nearby

As of July 12, 2026 the best value apartment in the Prospect area is the $0.99 price per square foot The Oasis Model at Solstice Apartments in the in the N Outer Madison Airport neighborhood starting from $1,875. The second greatest value Prospect apartment is the Anson Model at The Collection Madison Farms starting at $1,820 with a $0.99 price per square foot . 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.
Solstice ApartmentsThe Oasis3BR,2BA$0.99
The Collection Madison FarmsAnson3BR,2.5BA$0.99
Hidden River TownhomesFairmont B - Fairmont B3BR,2.5BA$1.08
Cambridge Place Luxury Townhomes2 Bedroom2BR,2BA$1.06
Belle Mor Luxury Apartments1 Deluxe1BR,1BA$0.99
The Henry3 Bed 2 Bath Renovated3BR,2BA$0.99
Southwind Apartments3 Bedroom3BR,2BA$1.14
Cottonwood Apartments2 Bedroom Townhome2BR,1.5BA$1.03
Creekside1 Bedroom1BR,1BA$1.00
Athens Square Apartments1BR/1.0BA1BR,1BA$1.07

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!

Explore Prospect, TN Rentals by Map

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Frequently Asked Questions about Cheap Prospect Apartments

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

The lowest price for a Cheap One Bedroom Prospect Apartment is $751 at Creekside.

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 $799 at Tanglewood Apartments.

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 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.

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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.