20 Cheapest Places To Live In Tennessee

Have you ever wondered where you can experience Southern charm without breaking the bank? Tennessee, with its rolling hills and vibrant cities, might be the answer. In this guide, we will unveil the 20 cheapest places to live in Tennessee, ensuring that you discover not just the beauty but also the budget-friendly side of the Volunteer State.


Memphis, the crown jewel of affordability in Tennessee, boasts a median home price of $220,150. With a robust population of approximately 633,100, this city blends economic accessibility with rich cultural experiences. Imagine living where you can visit Graceland, the iconic home of Elvis Presley, or stroll along the historic Beale Street. The Mississippi River offers picturesque riverboat cruises, and the famed Peabody Hotel’s duck walk is a delightful spectacle. The average rent for a one-bedroom apartment stands at $1,051, making Memphis an attractive option for both homeowners and renters seeking an economically viable lifestyle without sacrificing the perks of city living.