
Cheap Homes for Rent near Prospect, TN from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Prospect.


1810 Vales Mill Rd

17960 Arrowhead Drive

404 Valley View Dr

314 Browns Ferry St
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.

514 Browns Ferry St

17962 Arrowhead Drive

21045 Myrtlewood Dr

16948 Carter Cir

30540 Wooley Springs Rd
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.
Prospect, TN Local Guide

How much does it cost to rent a home in Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect 2 Bedroom Homes for Rent | $1,097 | $850 | $1,295 |
| Prospect 3 Bedroom Homes for Rent | $1,512 | $995 | $1,900 |
| Prospect 4 Bedroom Homes for Rent | $2,267 | $1,650 | $2,800 |
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Prospect, TN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Creekside | 1 Bedroom | 1BR,1BA | $751 |
| Tanglewood Apartments | Two Bedroom Residence | 2BR,1BA | $799 |
| Clinton Place | 1 BD 1 BA Renovated w/ Washer Dryer | 1BR,1BA | $799 |
Best Value Apartments for Rent in Prospect, TN and Nearby
As of July 25, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Solstice Apartments | The Oasis | 3BR,2BA | $0.99 |
| The Collection Madison Farms | Anson | 3BR,2.5BA | $0.99 |
| Hidden River Townhomes | Fairmont A - Fairmont A | 3BR,2.5BA | $1.06 |
| The Palladian at Promenade | Gemini | 2BR,2BA | $1.17 |
| Cambridge Place Luxury Townhomes | 2 Bedroom | 2BR,2BA | $1.06 |
| Belle Mor Luxury Apartments | 1 Deluxe | 1BR,1BA | $0.99 |
| The Henry | 3 Bed 2 Bath Renovated | 3BR,2BA | $0.99 |
| Creekside | 3 Bedroom | 3BR,2BA | $0.95 |
| Southwind Apartments | 3 Bedroom | 3BR,2BA | $1.16 |
| Athens Square Apartments | 1BR/1.0BA | 1BR,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.
Read ArticleReal 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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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Prospect
What type of rentals are currently available in Prospect?
There are currently 46 Apartments for Rent in Prospect, TN with pricing that ranges from $695 to $2,720. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect ranging from $745 to $2,800.
What is the current price range for Rental Homes in Prospect?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Prospect ranges from $745 to $2,800 with an average monthly rent of $1,449.
How much are larger Three and Four Bedroom Rentals in Prospect?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Prospect range from $1,145 to $2,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $1,900. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $2,100.
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

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.

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.

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.

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.