4541 Tranquility Dr
LincolnNE68504
Cheap Homes for Rent in Memphis, NE from $800 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Memphis.
5628 Logan Ave
LincolnNE68507
5300 Ervin St
LincolnNE68504
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.
6601 Havelock Ave
LincolnNE68507
6935 Colby St
LincolnNE68505
2007 Sawyer St
LincolnNE68505
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.
Showing Results 1-6, Page 1 of 1
Memphis, NE Local Guide
Sunset Ride by Tim Vrtiska is licensed under CC BY 2.0
How much does it cost to rent a home in Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Memphis 2 Bedroom Homes for Rent | $1,594 | $895 | $2,295 |
| Memphis 3 Bedroom Homes for Rent | $2,283 | $1,799 | $3,000 |
| Memphis 4 Bedroom Homes for Rent | $2,494 | $1,925 | $3,200 |
Browse Top Homes for Rent in Memphis
Explore Memphis
Memphis, NE Local Guide
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Cheapest Available Memphis Apartments for Rent and Nearby
The cheapest available apartment rental in Memphis, NE is a Studio unit found at Fifty575 Coventry in the Ballena neighborhood priced from $1,090. Rock Creek Apartments in the Millard 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fifty575 Coventry | E | Studio,1BA | $1,090 |
| Rock Creek Apartments | One Bedroom | 1BR,1BA | $1,095 |
| 1010 on the Lake | A1 Studio Floor Plan | 1BR,1BA | $1,095 |
Best Value Apartments for Rent in Memphis, NE and Nearby
As of June 08, 2025 the best value apartment in the Memphis area is the $1.01 price per square foot Classic Unit C Model at Bellbrook Townhomes in the in the Ballena neighborhood starting from $1,750. The second greatest value Memphis apartment is the Dogwood Model at The Village on the Preserve starting at $1,675 with a $1.39 price per square foot in the South Elkhorn 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. |
|---|---|---|---|
| Bellbrook Townhomes | Classic Unit C | 2BR,2.5BA | $1.01 |
| The Village on the Preserve | Dogwood | 2BR,2BA | $1.39 |
| Villas At The Pines | 2 Bedroom | 2BR,2BA | $1.14 |
| Dalmore Apartments | Brooklyn | 3BR,2BA | $1.61 |
| Northridge | 2 Bedroom, 2 Bathroom - 1102 SF | 2BR,1.5BA | $1.24 |
| Lakeside Hills | The Geneva | 1BR,1BA | $1.34 |
| Andover Pointe Apartment Homes | Two Bedroom Two Bath | 2BR,2BA | $1.38 |
| The Bungalows on 204 | A972 *Attached Garage w/Select Units | 1BR,1BA | $1.54 |
| Trade Winds Apartment Homes | One Bedroom | 1BR,1BA | $1.43 |
| Rock Creek Apartments | One Bedroom | 1BR,1BA | $1.50 |
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Frequently Asked Questions about Memphis
What type of rentals are currently available in Memphis?
There are currently 40 Apartments for Rent in Memphis, NE with pricing that ranges from $799 to $3,600. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $895 to $3,200.
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 $895 to $3,200 with an average monthly rent of $1,830.
How much are larger Three and Four Bedroom Rentals in Memphis?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Memphis range from $1,803 to $3,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,799 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,925 and Four Bedroom Apartments start at $3,600.
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.