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Apartments for Rent in Tennessee under $500 – 8 Rentals available


Tennessee Demographics

  • Total Population6,723,098
  • Female 3,282,282
    Male 3,440,816
  • Median Age42.4

Average Rent in Tennessee

  • Tennessee Average Rental Price, June 2021 $1,146 /mo

Tennessee Apartment Rent Ranges

  • < $5001%
  • $501-$70011%
  • $701-$1,00028%
  • $1,001-$1,50046%
  • $1,501-$2,00011%
  • > $2,0004%

Tennessee Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Jun / 2021
Tennessee $1,002 $1,003 $1,054 $1,058 $1,088 $1,104 $1,110 $1,139 $1,156 $1,146
National $1,314 $1,345 $1,354 $1,358 $1,390 $1,397 $1,400 $1,392 $1,396 $1,407
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Tennessee Households

  • Total Number of Households2,600,209
  • Family 1,711,726
    Non-family 888,483
  • Children 793,581
    No Children 1,806,628
  • Average People Per Household2.5
  • Median Household Income$46,250
  • Median Housing Costs Per Month$668

Tennessee Education Statistics

  • No High School5%
  • Some High School44%
  • Some College27%
  • Associate Degree8%
  • Bachelor Degree18%

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.

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 $445 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!