
Cheap Homes for Rent near Memphis, NE from $1,800 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Memphis.


14012 Ohern St

3307 S 133rd St

9002 David Cir

14614 Borman St

38 Cypress St
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.

6204 S 140th Ave

2670 River Rd Dr

4107 N 213th Cir

13718 Polk St

18731 Allan St

13715 Birchwood Ave
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.

18707 Allan St

17516 Gertrude Cir

7407 S 176th Cir

7826 S 161st Terrace

7333 S 183rd St

15229 Y St
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.
Memphis, NE Local Guide

How much does it cost to rent a home in Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Memphis 3 Bedroom Homes for Rent | $2,223 | $1,895 | $3,000 |
| Memphis 4 Bedroom Homes for Rent | $3,028 | $1,995 | $5,000 |
Browse Top Homes for Rent in Memphis
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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 1 Bed unit found at Stony Brook in the Millard neighborhood priced from $960. Rock Creek Apartments in the Willow Creek neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $995. Here is today’s list of the most affordable Memphis apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stony Brook | One Bedroom 11A | 1BR,1BA | $960 |
| Rock Creek Apartments | Two Bedroom | 2BR,1BA | $995 |
| Fifty575 Coventry | A2 | 1BR,1BA | $1,047 |
| The Trails at North Streams | Standing Bear | Studio,1BA | $1,055 |
| Trade Winds Apartment Homes | One Bedroom | 1BR,1BA | $1,140 |
Best Value Apartments for Rent in Memphis, NE and Nearby
As of July 23, 2026 the best value apartment in the Memphis area is the $1.34 price per square foot Aiden Model at Legacy Flats in the in the Oakbrook Meadows Altech neighborhood starting from $1,765. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Legacy Flats | Aiden | 2BR,2BA | $1.34 |
| Villas At The Pines | 2 Bedroom | 2BR,2BA | $1.14 |
| Avenue 204 | Boulevard | 2BR,2BA | $1.46 |
| Rock Creek Apartments | Two Bedroom | 2BR,1BA | $1.07 |
| The Village on the Preserve | Ginkgo | 1BR,1BA | $1.47 |
| Elk Hills | Buck | 1BR,1BA | $1.38 |
| Willow Creek | 2 Bed, 1 Bath B2 | 2BR,1BA | $1.41 |
| Andover Pointe Apartment Homes | One Bedroom One Bath | 1BR,1BA | $1.50 |
| Trade Winds Apartment Homes | One Bedroom | 1BR,1BA | $1.43 |
| Stony Brook | One Bedroom 11A | 1BR,1BA | $1.21 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Memphis, NE Rentals by Map
See the most popular apartments and homes in Memphis, NE
Frequently Asked Questions about Memphis
What type of rentals are currently available in Memphis?
There are currently 47 Apartments for Rent in Memphis, NE with pricing that ranges from $900 to $3,569. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $1,895 to $5,000.
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 $1,895 to $5,000 with an average monthly rent of $2,625.
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 $1,915 to $3,569, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,895 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,995 and Four Bedroom Apartments start at $2,950.
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

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.