Best Affordable Neighborhoods in Chattanooga, TN
Some of the cheapest neighborhoods in Chattanooga are Brainerd, Kings Point-Lake Vista, and Shallowford Hills. These neighborhoods offer some of the lowest rent prices in Chattanooga, making them ideal for renters on a budget. As of March 23, 2026, the average rent in Chattanooga is $1,256, which is 0% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Brainerd
Average Rent
$1,012/Month
Year-Over-Year Rent Change
4.2%
Units Available
23 Rentals
Brainerd is a well-established neighborhood offering a variety of housing options, from single-family homes to apartments. Renters will appreciate the convenient access to shopping, dining, and major roadways. The area provides a suburban feel with the amenities of the city nearby.
Kings Point-Lake Vista
Average Rent
$1,079/Month
Year-Over-Year Rent Change
2.2%
Units Available
18 Rentals
Kings Point-Lake Vista is a top choice for budget-conscious renters for a variety of reasons. The average rent in Kings Point-Lake Vista is $1,079 while the city average is $1,256. This is a 2.2% difference from last year. Residents enjoy convenient access to Highway 58 Shopping Center, UTC Clarence Jones Observatory, and Lovell Field.
Shallowford Hills
Average Rent
$1,096/Month
Units Available
12 Rentals
When you’re looking for a great Chattanooga neighborhood on a budget, check out Shallowford Hills. The average rent is $1,096, compared to the city average of $1,256. Shallowford Hills is convenient to Chattanooga Zoo, Lovell Field, and Lee University.
Waterford Place
Average Rent
$1,096/Month
Units Available
12 Rentals
Waterford Place is an affordable neighborhood in Chattanooga with an average rent price of $1,096. Compare this to the city average of $1,256. Waterford Place provides easy access to UT Chattanooga, Lovell Field, and UTC Clarence Jones Observatory.
Midfield Acres
Average Rent
$1,193/Month
Units Available
20 Rentals
If you’re looking for a great, affordable neighborhood in Chattanooga, Midfield Acres might be the perfect place! It has an average rent price of $1,193, while the city’s average stands at $1,256. Midfield Acres is near Southern Adventist University, Tennessee Valley Railroad, and Lovell Field.
Bushtown-Highland Park
Average Rent
$1,199/Month
Year-Over-Year Rent Change
1%
Units Available
20 Rentals
Bushtown-Highland Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Bushtown-Highland Park is $1,199 while the city average is $1,256. This is a 1% difference from last year. Residents enjoy convenient access to Tennessee River Gorge Trust, 1600-1690 E 23rd St Shopping Center, and MLK Boulevard.
Ridgedale-Oak Grove-Clifton Hills
Average Rent
$1,199/Month
Units Available
37 Rentals
When you’re looking for a great Chattanooga neighborhood on a budget, check out Ridgedale-Oak Grove-Clifton Hills. The average rent is $1,199, compared to the city average of $1,256. Rent prices have decreased by 0%. Ridgedale-Oak Grove-Clifton Hills is convenient to UT Chattanooga, Lovell Field, and UTC Clarence Jones Observatory.
Southside Gardens
Average Rent
$1,201/Month
Units Available
32 Rentals
Southside Gardens is an affordable neighborhood in Chattanooga with an average rent price of $1,201. Compare this to the city average of $1,256. Southside Gardens provides easy access to Southern Adventist University, Mount Vernon Point, and UT Chattanooga.
Mary Walker Towers
Average Rent
$1,201/Month
Units Available
32 Rentals
If you’re looking for a great, affordable neighborhood in Chattanooga, Mary Walker Towers might be the perfect place! It has an average rent price of $1,201, while the city’s average stands at $1,256. Mary Walker Towers is near Dalton State College, Incline Railway, and Ruby Falls.
Brainerd Hills
Average Rent
$1,204/Month
Units Available
14 Rentals
Brainerd Hills is a top choice for budget-conscious renters for a variety of reasons. The average rent in Brainerd Hills is $1,204 while the city average is $1,256. Residents enjoy convenient access to Chattanooga Zoo, Airport Plaza, and Lee Highway Place Shopping Center.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.