Cheapest Places To Live In Tennessee 2025. #1 cheapest neighborhood to live in madison, tennessee. Some of the most affordable places to live in tennessee include memphis, chattanooga, and clarksville.

West virginia is followed by mississippi and indiana, rounding out the top three. Explore the best places to live in tennessee, a state known for rock ‘n’ roll, country music and graceland, as well as the natural beauty of the great smoky mountains.