Cheap Apartments for Rent near Memphis, NE from $900 (53 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Capriana
$1,301 - $3,710

Total Monthly Price

Base Rent$1,301 - $3,710
Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Capriana

3333 N 212th StOmaha, NE 68022
Corporate Housing
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Allora 168
Rent Specials
$1,403 - $3,534

Total Monthly Price

Base Rent$1,403 - $3,534
Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Allora 168

16751 Morgan AveGretna, NE 68028
Senior Living
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  • Customer Reviewed
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Stony Brook
1 to 4 Bedroom Apartments

Stony Brook

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

Elkhorn Station

2606 N Main StElkhorn, NE 68022

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.

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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 $925. Stony Brook in the Millard neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $965. 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$925
Stony BrookOne Bedroom 11A1BR,1BA$965
The Creek ApartmentsAC Unit A - StudioStudio,1BA$975
Echo Park0 Bedroom, 1 Bathroom - 507 SFStudio,1BA$1,059
Trade Winds Apartment HomesOne Bedroom1BR,1BA$1,140
The AbacusS2Studio,1BA$1,160
The Village on the PreserveOak1BR,1BA$1,170
Broadmoor HillsLondonStudio,1BA$1,185
Fifty575 CoventryA11BR,1BA$1,187
1010 on the LakeA695 One Bed Floor Plan1BR,1BA$1,195

Best Value Apartments for Rent in Memphis, NE and Nearby

As of September 06, 2026 the best value apartment in the Memphis area is the $1.25 price per square foot Elk underground parking Model at Elk Hills in the in the Elkhorn neighborhood starting from $1,725. The second greatest value Memphis apartment is the 2 Bedroom Model at Villas At The Pines starting at $1,295 with a $1.14 price per square foot . 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.
Elk HillsElk underground parking2BR,2BA$1.25
Villas At The Pines2 Bedroom2BR,2BA$1.14
Lakeside HillsThe Walden1BR,1BA$1.43
Avenue 204Boulevard2BR,2BA$1.46
Legacy FlatsBrock1BR,1BA$1.45
Trade Winds Apartment HomesOne Bedroom End1BR,1BA$1.45
Andover Pointe Apartment HomesOne Bedroom End1BR,1BA$1.51
Northridge1 Bedroom, 1 Bathroom A1BR,1BA$1.51
Stony BrookOne Bedroom 11A1BR,1BA$1.22
Willow Creek1 Bed, 1 Bath A11BR,1BA$1.42

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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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

Explore Memphis, NE Rentals by Map

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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 Creek Apartments listed at $975.

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

The lowest price for a Cheap One Bedroom Memphis Apartment is $925 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 $1,160 at Stony Brook.

What is the most affordable Memphis Three Bedroom Apartment?

The best deal on a cheap Memphis Three Bedroom Apartment rental is at Stony Brook and starts from $1,635.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.