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If you need a place, there are a lot of crashpads available. Might also take a look at the crashpad board at flightinfo.com. Consider also going straight south over the border into MS, cheaper, close and clean, unless part of your motivation is establishing TN residence to get out of income taxes, that is!
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I haven't priced living out in Cordova, Barlett or G-town, but he's right. North MS is fairly cheap compared to other parts of the country. I had inverse sticker shock looking at housing prices after I moved from Orlando. I'm about 15 minutes from the airport (there are some houses even closer and still in MS), and it's MUCH cleaner and nicer than living in the city. The state income tax is really the only drawback, but I really don't think the percentage is THAT much. It's something like an extra $1 or two a week.