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Cheap Apartments for Rent in Tennessee - 605 Rentals available

Apartments Under $500

Apartments Under $600

  • Apartment
    100 Sterling Greene Way, Fayetteville, TN 37334
    $509 - $635
    • 2-4 Beds
    • 1-2.5 Baths
    (931) 227-4996
  • Apartment
    5995 Waterstone Oak Way, Memphis, TN 38115
    $510 - $720
    • 1-3 Beds
    • 1-2.5 Baths
    Available Today!
    (314) 549-1118
  • Apartment
    4921 N Lee Highway, Cleveland, TN 37312
    $522 - $642
    • 1-2 Beds
    • 1 Bath
    (423) 641-8303
  • Apartment
    2778 Pickering Drive, Memphis, TN 38115
    $540 - $820
    • 1-3 Beds
    • 1-2 Baths
    (314) 375-2511
  • Apartment
    6277 Lake Arbor Drive, Memphis, TN 38115
    $540 - $840
    • 1-3 Beds
    • 1-2 Baths
    (901) 495-2602
  • Apartment
    614 Cedar Lane #2, Knoxville, TN 37912
    $545 - $905
    • Studio-2 Beds
    • 1 Bath
    (865) 688-5872
  • Apartment
    4500 Stonegate Drive, Memphis, TN 38128
    $570 - $700
    • 1-3 Beds
    • 1-2 Baths
    (901) 245-5927
  • Apartment
    3048 Moriah Trail, Memphis, TN 38115
    $575 - $1,255
    • 1-2 Beds
    • 1-2.5 Baths
    (844) 368-2700
  • Apartment
    250 Northside Dr, Crossville, TN 38555
    $581 - $667
    • 2-3 Beds
    • 2 Baths
    (931) 250-2802
  • Apartment
    1671 Ft. Campbell Blvd, Clarksville, TN 37042
    $595 - $825
    • 1-2 Beds
    • 1-1.5 Baths
    Freeman Webb Company Realtors
    (931) 266-0035
  • Apartment
    131 North Creek Dr., Johnson City, TN 37601
    • 2 Beds
    • 1 Bath
    (423) 946-0084

Apartments Under $700

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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, April 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 Apr / 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%

Looking for a cheap apartment for rent in Tennessee? With RENTCafé, finding an affordable apartment in Tennessee has never been easier. We feature 603 low-priced rentals directly from property managers, with rents lower than the Tennessee average. What is a cheap rent in Tennessee? The average apartment rent in Tennessee is $1,054 per month so any rental south of $843 would be considered cheap here. On RENTCafé, Tennessee rents go as low as $410/mo.

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