Cheap Apartments for Rent in Memphis, NY from $500 (18 Rentals)

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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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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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Memphis, NY Local Guide

Cheapest Available Memphis Apartments for Rent and Nearby

 

The cheapest available apartment rental in Memphis, NY is a 2 Beds unit found at Wellington Manor Apartments priced from $1,200. Serenity Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,225. Here is today’s list of the most affordable Memphis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Wellington Manor Apartments2x2A2WM2BR,2BA$1,200
Serenity Village1x1 Ranch1BR,1BA$1,225
Willow Stream Apartments SouthUpper One Bedroom1BR,1BA$1,260
Grenadier Village ApartmentsMajestic-1x11BR,1BA$1,275
Village Green1 Bedroom 1 Bath1BR,1BA$1,280

Best Value Apartments for Rent in Memphis, NY and Nearby

As of January 24, 2026 the best value apartment in the Memphis area is the $1.71 price per square foot 2 Bed 2 Bath Model at 3410 Summers Gate Dr in the starting from $2,730. The second greatest value Memphis apartment is the 2 Bedroom Model at Center Pointe at Radisson starting at $2,000 with a $1.54 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.
3410 Summers Gate Dr2 Bed 2 Bath2BR,2.5BA$1.71
Center Pointe at Radisson2 Bedroom2BR,2BA$1.54
Fobes Island Apartments2 Bedroom 1 Bath2BR,1BA$1.60
Aspen Springs Apartments2 Bed 2 Bath2BR,2BA$1.43
The Landings at Meadowood Apartment HomesTwo Bedroom 2 Bath- 1,069 sqft2BR,2BA$1.72
Braeside ApartmentsTwo Bedroom2BR,2BA$1.39
Wellington Manor Apartments2x1A1WM2BR,1BA$1.36
Kings Gate WestOne Bedroom1BR,1BA$1.61
Village Green1 Bedroom 1 Bath1BR,1BA$1.60
Willow Stream Apartments SouthUpper One Bedroom1BR,1BA$1.68

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

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Frequently Asked Questions about Cheap Memphis Apartments

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

The lowest price for a Cheap One Bedroom Memphis Apartment is $1,225 at Serenity Village.

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 $1,200 at Wellington Manor Apartments.

What is the most affordable Memphis Three Bedroom Apartment?

The best deal on a cheap Memphis Three Bedroom Apartment rental is at Grenadier Village Apartments and starts from $1,720.

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.