Cheap Apartments for Rent in Memphis, NE from $800 (33 Rentals)

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

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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
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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 Stony Brook in the Millard neighborhood priced from $970. Rock Creek Apartments in the Willow Creek neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here is today’s list of the most affordable Memphis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Stony BrookOne Bedroom 11A1BR,1BA$970
Rock Creek ApartmentsOne Bedroom1BR,1BA$1,000
The Trails at North StreamsStanding BearStudio,1BA$1,025
Echo Park0 Bedroom, 1 Bathroom - 531 SFStudio,1BA$1,090
1010 on the LakeA1 Studio Floor Plan1BR,1BA$1,095
Windsor HillsSunflowerStudio,1BA$1,100
Trade Winds Apartment HomesOne Bedroom1BR,1BA$1,137
Fifty575 CoventryA1BR,1BA$1,142
The Creek ApartmentsAC Unit B2B - 1 I 11BR,1BA$1,150
Oxbow Crossing1 Bed 1 Bath1BR,1BA$1,150

Best Value Apartments for Rent in Memphis, NE and Nearby

As of October 24, 2025 the best value apartment in the Memphis area is the $1.14 price per square foot 2 Bedroom Model at Villas At The Pines in the starting from $1,295. The second greatest value Memphis apartment is the Barberry Model at Live Hawthorne starting at $1,560 with a $1.42 price per square foot in the Millard 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.
Villas At The Pines2 Bedroom2BR,2BA$1.14
Live HawthorneBarberry2BR,2BA$1.42
Lakeside HillsThe Geneva1BR,1BA$1.36
Avenue 204Heights2BR,2BA$1.45
Legacy FlatsDylan1BR,1BA$1.46
The Village on the PreserveMaple2BR,2BA$1.40
Trade Winds Apartment HomesOne Bedroom End1BR,1BA$1.37
Andover Pointe Apartment HomesOne Bedroom End1BR,1BA$1.50
Stony BrookOne Bedroom 11A1BR,1BA$1.22
Rock Creek ApartmentsOne Bedroom1BR,1BA$1.37

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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!

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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 $1,025.

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

The lowest price for a Cheap One Bedroom Memphis Apartment is $970 at Stony Brook.

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 $1,090 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 Fifty575 Coventry and starts from $1,800.

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.

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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! 

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.