Cheap Apartments for Rent in the East Lake Neighborhood of Chattanooga, TN from $500 (8 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the East Lake area of Chattanooga.

close
View Me
Highlands Apartments
1 to 3 Bedroom Apartments

Highlands Apartments

2001 S Lyerly StChattanooga, TN 37404
  • Utilities Included
close
View Me
Chateau Royale West
1 to 3 Bedroom Apartments

Chateau Royale West

25 S Germantown RdChattanooga, TN 37411
close
View Me
Montview Apartments
1 to 2 Bedroom Apartments

Montview Apartments

30 Tunnel BlvdChattanooga, TN 37411
  • Utilities Included

Chattanooga's Best Affordable Neighborhoods

Learn about Chattanooga and the best places to live with original content written by our Local Expert Catrina Cowart

East Lake, Chattanooga, TN Local Guide

Cheapest Available East Lake Apartments for Rent

 

The cheapest available apartment rental in the East Lake area of Chattanooga, TN is a Studio unit found at Foundry Flats priced from $950. East Ridge Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable East Lake apartments for rent in Chattanooga, TN:

Apartment ListingModel NameBed/BathPriced From
Foundry Flats0BR/1.0BAStudio,1BA$950
East Ridge Village1 Bedroom 1 Home with 600 Square Feet of Living...1BR,1BA$995
Borough 33 ApartmentsAddisonStudio,1BA$1,049

Best Value Apartments for Rent in East Lake, TN

As of March 28, 2025 the best value apartment in the East Lake area is the $1.03 price per square foot Birch Model at Veranda at the Ridge in the in the East Lake neighborhood starting from $1,299. The second greatest value East Lake apartment is the 2x2 Model at Sterling Heights Apartments by Callio Properties starting at $1,250 with a $1.09 price per square foot in the East Lake neighborhood. Here is today’s list of the best values for East Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Veranda at the RidgeBirch2BR,1.5BA$1.03
Sterling Heights Apartments by Callio Properties2x22BR,2BA$1.09
The Reserve at Mountain Pass2BR2BR,2BA$1.01
Summit East RidgeCypress2BR,1BA$1.12
Germantown Gardens1 Bedroom 1 Bath Home; 929 sq ft w/ w&d hook ups1BR,1BA$1.24
Burnside1BR/1.0BA1BR,1BA$1.32
Ridgeside Flats2 Bedrooms / 1 Bath2BR,1BA$1.20
915 S Seminole Dr915 S Seminole Dr2BR,1BA$1.22
East Ridge Flats and TownhomesThe Lookout2BR,1BA$1.37
2412 E 14th St, Unit 32412 E 14th St1BR,1BA$1.30

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
East Lake, Chattanooga, TN

Ranked #40

Among neighborhoods in Chattanooga, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Cheap East Lake Apartments

What is the Cheapest Studio apartment in East Lake?

Currently the most affordable Cheap Studio Apartment in East Lake is at Foundry Flats listed at $950.

How much is rent for a Cheap One Bedroom East Lake Apartment?

The lowest price for a Cheap One Bedroom East Lake Apartment is $995 at East Ridge Village.

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

Today's best deal for a Cheap Two Bedroom Apartment in East Lake is starting from $1,080 at Ridgeside Flats.

What is the most affordable East Lake Three Bedroom Apartment?

The best deal on a cheap East Lake Three Bedroom Apartment rental is at East Ridge Flats and Townhomes and starts from $1,199.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for A Local Expert’s Guide To the Top Budget-Friendly Neighborhoods to Rent in Chattanooga, TN article

A Local Expert’s Guide To the Top Budget-Friendly Neighborhoods to Rent in Chattanooga, TN

Written by: Catrina Cowart

Hi, I'm Catrina, your ApartmentHomeLiving.com Local Expert for Chattanooga. Today, I'd love to talk to you about a gem of a city: Chattanooga, Tennessee.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.