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Apartments for Rent in Tennessee under $500 – 10 Rentals available

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  • Apartment

    1585 Hollywood Dr., Jackson, TN 38305
    $500 - $625
    • 1-3 Beds
    • 1-2 Baths
    Freeman Webb Company Realtors
    (731) 668-2571
  • Apartment

    3130 Rocky Top Rd., Johnson City, TN 37601
    Contact for Pricing
    • 1-2 Beds
    • 1 Bath
    The Woda Group
    (423) 268-2555
  • Apartment

    10 Garden Loop Court, Dunlap, TN 37327
    $475 - $525
    • 2-3 Beds
    • 1-2 Baths
    The Woda Group
    (423) 949-5305
  • Apartment

    601 E. Barton Ridge Road, Greeneville, TN 37745
    $415 - $490
    • 1-2 Beds
    • 1 Bath
    The Woda Group
    (423) 588-5605
  • Apartment

    1770 Piping Rock Drive, Memphis, TN 38116
    $466 - $761
    • 1-4 Beds
    • 1-2 Baths
    Alco Management
    Available Today!
    (901) 332-0472
  • Apartment

    5270 Murfreesboro Road, La Vergne, TN 37086
    $450 - $3,000
    • Studio
    Parasol Property Management
    Available Today!
    (615) 574-8060

Popular Searches

Tennessee Demographics

  • Total Population6,610,987
  • Female 3,226,000
    Male 3,384,987
  • Median Age42.1

Average Rent in Tennessee

  • Tennessee Average Rental Price, June 2019$1,054/mo

Tennessee Apartment Rent Ranges

  • < $5004%
  • $501-$70015%
  • $701-$1,00034%
  • $1,001-$1,50036%
  • $1,501-$2,0008%
  • > $2,0003%

Tennessee Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Jun / 2019
Tennessee $923 $952 $970 $972 $994 $994 $1,002 $1,003 $1,054
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
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Tennessee Households

  • Total Number of Households2,549,989
  • Family 1,692,098
    Non-family 857,891
  • Children 791,624
    No Children 1,758,365
  • Average People Per Household2.5
  • Median Household Income$41,883
  • Median Housing Costs Per Month$642

Tennessee Education Statistics

  • No High School5%
  • Some High School41%
  • Some College24%
  • Associate Degree7%
  • Bachelor Degree15%
  • Graduate Degree8%

Renting apartments in Tennessee under $500

Searching for apartments for rent in Tennessee under $500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RENTCafé can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Tennessee, where the average rent is $822 per month, there are 13 units available for less than $500. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Tennessee. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Tennessee going for $415 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!