Cheap Apartments for Rent in Sherwood, TN from $500 (34 Rentals)

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

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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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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property at 800 Lullwater Rd

$949 - $1,900

2 To 4 Bedroom Rentals

Available Now

800 Lullwater Rd

ChattanoogaTN37405
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Carden Estates Apartments
1 to 2 Bedroom Apartments

Carden Estates Apartments

1700 Summer StManchester, TN 37355
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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Willow Grove
2 Bedroom Apartments

Willow Grove

1316-1346 Willow DrManchester, TN 37355
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Sherwood, TN Local Guide

Cheapest Available Sherwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Sherwood, TN is a 3 Beds unit found at The Reserve at Mountain Pass in the East Lake neighborhood priced from $637. Bridgeport Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $800. Here is today’s list of the most affordable Sherwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Reserve at Mountain Pass3 Bedroom Two Bathroom3BR,2BA$637
Bridgeport Apartments2BR/1.0BA2BR,1BA$800
The Overlook ApartmentsStudioStudio,1BA$838
Willow Creek Apartment HomesSouth1BR,1BA$850
1558 S Spring St2 Beds, 1 bath2BR,1BA$950
Hayfield HomesOne Bedroom1BR,1BA$995
Carden Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1,075
Trails of Signal MountainCoolidge1BR,1BA$1,085
10 North Apartments10 North - Studios - Park FacingStudio,1BA$1,095
Forrest Park Apartments2 Bed 1 Bath Townhome2BR,1BA$1,099

Best Value Apartments for Rent in Sherwood, TN and Nearby

As of May 25, 2026 the best value apartment in the Sherwood area is the $0.51 price per square foot 3 Bedroom Two Bathroom Model at The Reserve at Mountain Pass in the in the East Lake neighborhood starting from $637. The second greatest value Sherwood apartment is the 2 Bedroom 1.5 Bathroom Model at Midvale Heights starting at $1,299 with a $1.04 price per square foot in the Mountain Creek neighborhood. Here is today’s list of the best values for Sherwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Reserve at Mountain Pass3 Bedroom Two Bathroom3BR,2BA$0.51
Midvale Heights2 Bedroom 1.5 Bathroom2BR,1.5BA$1.04
River Chase3bed 2 bath3BR,2BA$0.90
Winchester Place2 Bedroom2BR,2BA$1.14
1558 S Spring St2 Beds, 1 bath2BR,1BA$0.98
Carden Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.12
Hayfield HomesTwo Bedroom2BR,2BA$1.26
Kate's View2 Bedroom2BR,1BA$1.28
Trails of Signal MountainCoolidge1BR,1BA$1.28
Bridgeport Apartments2BR/1.0BA2BR,1BA$0.94

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 Sherwood, TN Rentals by Map

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Frequently Asked Questions about Cheap Sherwood Apartments

What is the Cheapest Studio apartment in Sherwood?

Currently the most affordable Cheap Studio Apartment in Sherwood is at The Overlook Apartments listed at $838.

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

The lowest price for a Cheap One Bedroom Sherwood Apartment is $850 at Willow Creek Apartment Homes.

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

Today's best deal for a Cheap Two Bedroom Apartment in Sherwood is starting from $800 at Bridgeport Apartments.

What is the most affordable Sherwood Three Bedroom Apartment?

The best deal on a cheap Sherwood Three Bedroom Apartment rental is at The Reserve at Mountain Pass and starts from $637.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.