
Cheap Homes for Rent in Memphis, MI from $1,000 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Memphis.


2622 Maple St

1317 Beard St

1234 Lapeer Ave

203 E Mill St

48498 Sugarbush Rd

2805 Viewfield Ln
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

11853 Cascade Cir

1042 Gillett St

29408 Maurice Ct

801 S 15th St

58629 Wallington

50031 S Benny Ct

1307 Mansfield St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
Memphis, MI Local Guide

How much does it cost to rent a home in Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Memphis 2 Bedroom Homes for Rent | $1,581 | $1,050 | $2,390 |
| Memphis 3 Bedroom Homes for Rent | $1,748 | $1,100 | $3,000 |
| Memphis 4 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
| Memphis 5 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
Browse Top Homes for Rent in Memphis
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Memphis, MI Local Guide
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Cheapest Available Memphis Apartments for Rent and Nearby
 The cheapest available apartment rental in Memphis, MI is a Studio unit found at Aspen Grove ~ Discover the Simplicity of Cottage Living on the River priced from $790. Hickory Square Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $840. Here is today’s list of the most affordable Memphis apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Aspen Grove ~ Discover the Simplicity of Cottage Living on the River | Studio | Studio,1BA | $790 |
| Hickory Square Apartments | A | 1BR,1BA | $840 |
| Stony on Van Dyke | Stony on VanDyke - One Bedroom 7 Month Sublease | 1BR,1BA | $850 |
| Golf Marina Apartments | One Bedroom | 1BR,1BA | $850 |
| ST. CLAIR LANDINGS | 1 Bedroom 1 Bathroom | 1BR,1BA | $895 |
Best Value Apartments for Rent in Memphis, MI and Nearby
As of December 27, 2025 the best value apartment in the Memphis area is the $1.15 price per square foot G, H, K & L Style Model at Casa Mia Apartments in the in the New Baltimore neighborhood starting from $1,350. The second greatest value Memphis apartment is the LE2 - 3 Bed, 2 Bath Model at Lighthouse Estates starting at $1,360 with a $1.19 price per square foot in the Downtown Port Huron neighborhood. Here is today’s list of the best values for Memphis apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Casa Mia Apartments | G, H, K & L Style | 2BR,2BA | $1.15 |
| Lighthouse Estates | LE2 - 3 Bed, 2 Bath | 3BR,2BA | $1.19 |
| Springbrook Estates | 2 Bed 2 Bath Single Section | 2BR,2BA | $1.16 |
| Blackwood Apartments | 2 Bedroom 1 Bathroom with basement | 2BR,1BA | $0.93 |
| LAKE VILLAGE APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.27 |
| Chesterfield Manor | Two Bedroom (Type B) | 2BR,1BA | $1.08 |
| Sugarbush Run Apartments | Sugarbush Run Apartments | 2BR,1.5BA | $1.11 |
| Aspen Creek Apartments | One Bedroom | 1BR,1BA | $1.22 |
| Hickory Square Apartments | A | 1BR,1BA | $1.16 |
| Golf Marina Apartments | One Bedroom | 1BR,1BA | $1.21 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Memphis, MI Rentals by Map
See the most popular apartments and homes in Memphis, MI
Frequently Asked Questions about Memphis
What type of rentals are currently available in Memphis?
There are currently 39 Apartments for Rent in Memphis, MI with pricing that ranges from $640 to $2,674. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $1,050 to $3,500.
What is the current price range for Rental Homes in Memphis?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Memphis ranges from $1,050 to $3,500 with an average monthly rent of $1,995.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!