
Cheap Apartments for Rent in Shannon, NC from $800 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in Shannon.


Forest Pointe

Eagle Point Village

Amora West

Village at Cliffdale Apartment Homes

Hidden Lake

Carlson Bay Luxury Apartments

Total Monthly Price
Cumberland Towers

Cliffdale Crossing
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.

Wedgefield

Woodland Village

Britt Lake Apartments

Total Monthly Price
The Summit on 401

Austin Creek Apartments

South Main Apartments

Stone Ridge Apartments

Village at Hunter's Run Apartments

Parcstone Apartments
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.

Crown at Steeple Chase

West Park

Liberty Estates

Church Street Apartments

Stone Gables

The Grove at Park Place

Bristol Park

Total Monthly Price
Birchfield

1900 W Parkton Tobermory Rd
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.

130 Grantham St

Timber Woods

Bone Creek Apartments

94 Knox Dr

Woodland Ridge Apartment Homes

503 E 6th Ave

The Landing Apartment Homes

Rim Creek Apartments

250 Autry St
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.

70 Ginger Ct

308 Harris Ave
Shannon, NC Local Guide

How much does it cost to rent an apartment in Shannon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shannon 1 Bedroom Apartments | $1,171 | $818 | $1,600 |
| Shannon 2 Bedroom Apartments | $1,353 | $938 | $1,860 |
| Shannon 3 Bedroom Apartments | $1,639 | $1,255 | $2,000 |
| Shannon 4 Bedroom Apartments | $1,932 | $1,870 | $1,970 |
Browse Top Apartments in Shannon
See all Apartments in ShannonExplore Shannon
Shannon, NC Local Guide
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Cheapest Available Shannon Apartments for Rent and Nearby
 The cheapest available apartment rental in Shannon, NC is a 1 Bed unit found at Forest Pointe in the Evergreen Estates neighborhood priced from $895. Eagle Point Village in the Westover neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $903. Here is today’s list of the most affordable Shannon apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Forest Pointe | 1BR/1.0BA | 1BR,1BA | $895 |
| Eagle Point Village | 1 Bedroom (Sunroom Optional) | 1BR,1BA | $903 |
| Amora West | 1 Bedroom 1 Bath | 1BR,1BA | $912 |
| Village at Cliffdale Apartment Homes | One Bedroom | 1BR,1BA | $920 |
| Timber Woods | Chestnut | 1BR,1BA | $937 |
| Hidden Lake | Asheville | 2BR,2BA | $938 |
| Hidden Creek Village | 1 bdrm/1 bath Reno | 1BR,1BA | $939 |
| Carlson Bay Luxury Apartments | 1BR/1BA-S | 1BR,1BA | $950 |
| Bone Creek Apartments | 1 Bed / 1 Bath | 1BR,1BA | $1,000 |
| Cliffdale Crossing | A2 | 1BR,1BA | $1,040 |
Best Value Apartments for Rent in Shannon, NC and Nearby
As of June 18, 2026 the best value apartment in the Shannon area is the $1.15 price per square foot 3 BD Model at Kingsley Park Townhomes in the in the Seventy First Cliffdale neighborhood starting from $1,795. The second greatest value Shannon apartment is the 4 Bedroom Model at The Lofts at A.S. Thomas Center starting at $599 with a $0.39 price per square foot . Here is today’s list of the best values for Shannon apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Kingsley Park Townhomes | 3 BD | 3BR,2.5BA | $1.15 |
| The Lofts at A.S. Thomas Center | 4 Bedroom | 4BR,4BA | $0.39 |
| Parkwood West Townhomes | Townhomes | 3BR,2.5BA | $1.12 |
| Liberty Estates | Classic 72 | 3BR,2BA | $1.11 |
| Bristol Park | 2x2s | 2BR,2BA | $1.17 |
| Austin Creek Apartments | The Cove | 2BR,2BA | $1.04 |
| Cumberland Towers | Magnolia, Juniper and Julia | 2BR,2BA | $1.23 |
| Forest Pointe | 1BR/1.0BA | 1BR,1BA | $1.10 |
| Hidden Creek Village | 1 bdrm/1 bath Reno | 1BR,1BA | $1.22 |
| Eagle Point Village | 1 Bedroom (Sunroom Optional) | 1BR,1BA | $1.17 |
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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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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Shannon, NC Rentals by Map
See the most popular apartments and homes in Shannon, NC
Frequently Asked Questions about Cheap Shannon Apartments
How much is rent for a Cheap One Bedroom Shannon Apartment?
The lowest price for a Cheap One Bedroom Shannon Apartment is $895 at Forest Pointe.
What is the lowest price for a Cheap Two Bedroom Shannon Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Shannon is starting from $938 at Hidden Lake.
What is the most affordable Shannon Three Bedroom Apartment?
The best deal on a cheap Shannon Three Bedroom Apartment rental is at Village at Cliffdale Apartment Homes and starts from $1,255.
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

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.

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.