Cheap Apartments for Rent in Memphis, NE from $700 (26 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Memphis.

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.

Read Article

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.

Read Article

The 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 Article

Cash 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 Article
close
View Me
Stony Brook
1 to 4 Bedroom Apartments

Stony Brook

14735 W PlazaOmaha, NE 68137
close
View Me
Elkhorn Station
1 to 2 Bedroom Apartments

Elkhorn Station

2606 N Main StElkhorn, NE 68022
Showing Results 1-26, Page 1 of 1

Memphis, NE Local Guide

Cheapest Available Memphis Apartments for Rent and Nearby

 

The cheapest available apartment rental in Memphis, NE is a 1 Bed unit found at Willow Creek in the Southwest Omaha neighborhood priced from $799. Stony Brook in the Millard neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $990. Here is today’s list of the most affordable Memphis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Willow Creek1 Bed, 1 Bath A11BR,1BA$799
Stony BrookOne Bedroom 11A1BR,1BA$990
Rock Creek ApartmentsOne Bedroom1BR,1BA$1,000
The Trails at North StreamsStanding BearStudio,1BA$1,055
The Village on the PreserveOak1BR,1BA$1,070
Fifty575 CoventryEStudio,1BA$1,090
1010 on the LakeA1 Studio Floor Plan1BR,1BA$1,095
Windsor HillsSunflowerStudio,1BA$1,100
Trade Winds Apartment HomesOne Bedroom1BR,1BA$1,115
The AbacusS2Studio,1BA$1,160

Best Value Apartments for Rent in Memphis, NE and Nearby

As of September 09, 2025 the best value apartment in the Memphis area is the $1.11 price per square foot Select Unit C Model at Bellbrook Townhomes in the in the Ballena neighborhood starting from $1,800. The second greatest value Memphis apartment is the The Champlain Model at Lakeside Hills starting at $1,895 with a $1.22 price per square foot in the Oakbrook Meadows Altech neighborhood. Here is today’s list of the best values for Memphis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bellbrook TownhomesSelect Unit C2BR,2.5BA$1.11
Lakeside HillsThe Champlain2BR,2BA$1.22
The Creek ApartmentsAC Unit F - 3 I 23BR,2BA$1.59
Villas At The Pines2 Bedroom2BR,2BA$1.14
Dalmore ApartmentsToronto2BR,2BA$1.45
Trade Winds Apartment HomesTwo Bedroom2BR,2BA$1.34
Stony BrookOne Bedroom 11A1BR,1BA$1.25
Live HawthorneLilac1BR,1BA$1.60
Rock Creek ApartmentsOne Bedroom1BR,1BA$1.37
Willow Creek1 Bed, 1 Bath A11BR,1BA$1.23

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Memphis, NE

Ranked #87

Among cities in Nebraska for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Memphis, NE Rentals by Map

Decorative image of map

See the most popular apartments and homes in Memphis, NE

View Map
Memphis, NE Apartments Map
View Map
Memphis, NE Rental Homes Map

Getting Around Memphis, NE

Walk Score®

42 / 100

Car-Dependent

Most errands require a car

Bike Score®

36 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Memphis Apartments

What is the Cheapest Studio apartment in Memphis?

Currently the most affordable Cheap Studio Apartment in Memphis is at The Trails at North Streams listed at $1,055.

How much is rent for a Cheap One Bedroom Memphis Apartment?

The lowest price for a Cheap One Bedroom Memphis Apartment is $799 at Willow Creek.

What is the lowest price for a Cheap Two Bedroom Memphis Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Memphis is starting from $1,195 at Rock Creek Apartments.

What is the most affordable Memphis Three Bedroom Apartment?

The best deal on a cheap Memphis Three Bedroom Apartment rental is at Fifty575 Coventry and starts from $1,806.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.