Cheap Apartments for Rent in Memphis, NE from $800 (34 Rentals)

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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.

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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.

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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.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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
Showing Results 1-34, 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 Rock Creek Apartments in the Willow Creek neighborhood priced from $900. 1010 on the Lake in the Northeast Outer Elkhorn neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here is today’s list of the most affordable Memphis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rock Creek ApartmentsOne Bedroom1BR,1BA$900
1010 on the LakeA1 Studio Floor Plan1BR,1BA$1,095
Trade Winds Apartment HomesOne Bedroom1BR,1BA$1,095
The Trails at North StreamsStanding BearStudio,1BA$1,099
Windsor HillsSunflowerStudio,1BA$1,100
Broadmoor HillsThomasvilleStudio,1BA$1,115
The Creek ApartmentsAC Unit B2B - 1 I 11BR,1BA$1,150
Allora 168SaluteStudio,1BA$1,150
The Village on the PreserveElm1BR,1BA$1,155
The AbacusS2Studio,1BA$1,160

Best Value Apartments for Rent in Memphis, NE and Nearby

As of December 09, 2025 the best value apartment in the Memphis area is the $0.90 price per square foot Two Bedroom 22B Model at Stony Brook in the in the Millard neighborhood starting from $1,390. The second greatest value Memphis apartment is the Elk underground parking Model at Elk Hills starting at $1,685 with a $1.22 price per square foot in the Northeast Outer Elkhorn 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.
Stony BrookTwo Bedroom 22B2BR,1.5BA$0.90
Elk HillsElk underground parking2BR,2BA$1.22
Villas At The Pines2 Bedroom2BR,2BA$1.14
Live HawthorneBarberry2BR,2BA$1.42
Lakeside HillsThe Geneva1BR,1BA$1.36
Avenue 204Heights2BR,2BA$1.45
Dalmore ApartmentsClassic1BR,1BA$1.52
Trade Winds Apartment HomesOne Bedroom End1BR,1BA$1.36
The Village on the PreserveBirch1BR,1BA$1.44
Rock Creek ApartmentsOne Bedroom1BR,1BA$1.23

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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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.

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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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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

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

Explore Memphis, NE Rentals by Map

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See the most popular apartments and homes in Memphis, NE

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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 $1,099.

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

The lowest price for a Cheap One Bedroom Memphis Apartment is $900 at Rock Creek Apartments.

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 $995 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 Stony Brook and starts from $1,665.

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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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.