""
Please provide a location to search for

Apartments for Rent in Tennessee under $500 – 50 Rentals available

  • Apartment
    2743 Ketchum Road, Memphis, TN 38114
    $500
    • 1 Bed
    • 1 Bath
    Odin Management
    Available Today! Last updated 6 Aug 2020
    (901) 435-6302
  • Apartment
    3471 W Briarpark Dr, Memphis, TN 38116
    $445 - $495
    • 1-2 Beds
    • 1 Bath
    Odin Management
    Available Today! Last updated 6 Aug 2020
    (901) 345-2204
  • Apartment
    1953 Philsar Street, Memphis, TN 38106
    $495
    • 2 Beds
    • 1 Bath
    Odin Management
    Available Today! Last updated 6 Aug 2020
    (901) 922-5275
  • Apartment
    1726 S. Orleans Street, Memphis, TN 38106
    $475 - $550
    • 2 Beds
    • 1 Bath
    Odin Management
    Available Today! Last updated 6 Aug 2020
    (901) 244-6939
  • Apartment
    601 E. Barton Ridge Road, Greeneville, TN 37745
    $495 - $506
    • 1 Bed
    • 1 Bath
    The Woda Group
    Last updated 6 Aug 2020
    (423) 588-5605
  • Apartment
    4921 N Lee Highway, Cleveland, TN 37312
    $442
    • 1 Bed
    • 1 Bath
    Buckingham Management, LLC
    Last updated 6 Aug 2020
    (423) 641-8303
  • Home
    1314 Mcfadden Street, Paris, TN 38242
    $500
    • 1 Bed
    • 1 Bath
    McKenzie Banking Company
    Available Today! Last updated 5 Aug 2020
    (731) 407-4561
  • Apartment
    118 Chilhowee Circle, Benton, TN 37307
    $385 - $435
    • 1-2 Beds
    • 1 Bath
    The Woda Group
    Last updated 6 Aug 2020
    (423) 241-2112
  • Apartment
    166 Meigs Heights Lane, Decatur, TN 37322
    $405
    • 2 Beds
    • 1 Bath
    The Woda Group
    Last updated 6 Aug 2020
    (423) 326-6960
Popular Searches

Tennessee Demographics

  • Total Population6,664,977
  • Female 3,252,832
    Male 3,412,145
  • Median Age42

Average Rent in Tennessee

  • Tennessee Average Rental Price, February 2020 $1,110 /mo

Tennessee Apartment Rent Ranges

  • < $5002%
  • $501-$70013%
  • $701-$1,00031%
  • $1,001-$1,50041%
  • $1,501-$2,00010%
  • > $2,0003%

Tennessee Rent Trends

Average Rent Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Feb / 2020
Tennessee $972 $994 $994 $1,002 $1,003 $1,054 $1,058 $1,088 $1,104 $1,110
National $1,337 $1,368 $1,371 $1,374 $1,408 $1,417 $1,422 $1,458 $1,466 $1,468
/

Tennessee Households

  • Total Number of Households2,570,068
  • Family 1,698,679
    Non-family 871,389
  • Children 792,790
    No Children 1,777,278
  • Average People Per Household2.51
  • Median Household Income$43,912
  • Median Housing Costs Per Month$656

Tennessee Education Statistics

  • No High School5%
  • Some High School44%
  • Some College26%
  • Associate Degree7%
  • Bachelor Degree17%

Renting apartments in Tennessee under $400

Searching for apartments for rent in Tennessee under $400 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 $400” 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 $210 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!