Best Affordable Neighborhoods in Chattanooga, TN
Some of the cheapest neighborhoods in Chattanooga are Shallowford Hills, Waterford Place, and Riverview. These neighborhoods offer some of the lowest rent prices in Chattanooga, making them ideal for renters on a budget. As of December 22, 2025, the average rent in Chattanooga is $1,238, which is 0.8% higher 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.
Shallowford Hills
Average Rent
$1,011/Month
Units Available
12 Rentals
Shallowford Hills is a top choice for budget-conscious renters for a variety of reasons. The average rent in Shallowford Hills is $1,011 while the city average is $1,238. Residents enjoy convenient access to Lee University, UT Chattanooga, and Booker T. Washington State Park.
Waterford Place
Average Rent
$1,011/Month
TransitScore® Rating
15/100
Units Available
12 Rentals
When you’re looking for a great Chattanooga neighborhood on a budget, check out Waterford Place. The average rent is $1,011, compared to the city average of $1,238. Waterford Place is convenient to Lee University, Lovell Field, and UT Chattanooga. The community is car-dependent with a WalkScore® of 23.
Riverview
Average Rent
$1,025/Month
TransitScore® Rating
23/100
Units Available
11 Rentals
Riverview is an affordable neighborhood in Chattanooga with an average rent price of $1,025. Compare this to the city average of $1,238. Riverview provides easy access to UT Chattanooga, Tennessee Aquarium, and Tennessee River Gorge Trust. It’s a somewhat walkable neighborhood with a WalkScore® of 53.
Brainerd
Average Rent
$1,042/Month
Year-Over-Year Rent Change
5.6%
TransitScore® Rating
29/100
Units Available
46 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.
Brainerd Hills
Average Rent
$1,070/Month
TransitScore® Rating
24/100
Units Available
17 Rentals
If you’re looking for a great, affordable neighborhood in Chattanooga, Brainerd Hills might be the perfect place! It has an average rent price of $1,070, while the city’s average stands at $1,238. Brainerd Hills is near Hills Plaza Shopping Center, Dalton State College, and Tennessee Valley Railroad.
Kings Point-Lake Vista
Average Rent
$1,079/Month
Year-Over-Year Rent Change
16.1%
TransitScore® Rating
1/100
Units Available
22 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 $1,238. This is a 16.1% difference from last year. Residents enjoy convenient access to Highway 58 Shopping Center, UT Chattanooga, and Lovell Field. The neighborhood is considered car-dependent with a WalkScore® of 34.
Ridgedale-Oak Grove-Clifton Hills
Average Rent
$1,187/Month
Year-Over-Year Rent Change
4.6%
TransitScore® Rating
24/100
Units Available
44 Rentals
When you’re looking for a great Chattanooga neighborhood on a budget, check out Ridgedale-Oak Grove-Clifton Hills. The average rent is $1,187, compared to the city average of $1,238. Rent prices have increased by 4.6%. Ridgedale-Oak Grove-Clifton Hills is convenient to Southern Adventist University, UT Chattanooga, and Creative Discovery Museum. The community is car-dependent with a WalkScore® of 49.
Midfield Acres
Average Rent
$1,205/Month
Units Available
21 Rentals
Midfield Acres is an affordable neighborhood in Chattanooga with an average rent price of $1,205. Compare this to the city average of $1,238. Midfield Acres provides easy access to Booker T. Washington State Park, Southern Adventist University, and Heritage Plaza.
Shepherd Community
Average Rent
$1,211/Month
TransitScore® Rating
16/100
Units Available
22 Rentals
If you’re looking for a great, affordable neighborhood in Chattanooga, Shepherd Community might be the perfect place! It has an average rent price of $1,211, while the city’s average stands at $1,238. Shepherd Community is near Elise Chapin Sanctuary at Audubon Acres, Lee University, and Chattanooga State Comm. Coll..
Bushtown-Highland Park
Average Rent
$1,218/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
33/100
Units Available
29 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 $1,218 while the city average is $1,238. This is a 0.7% difference from last year. Residents enjoy convenient access to Lovell Field, Tennessee River Gorge Trust, and Tennessee Aquarium. The neighborhood is considered somewhat walkable with a WalkScore® of 56.
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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.