Cheap Apartments for Rent in Memphis, NY from $500 (15 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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Memphis, NY Local Guide

Cheapest Available Memphis Apartments for Rent and Nearby

 

The cheapest available apartment rental in Memphis, NY is a Studio unit found at Braeside Apartments priced from $999. Grenadier Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,275. Here is today’s list of the most affordable Memphis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Braeside ApartmentsStudioStudio,1BA$999
Grenadier Village ApartmentsKings-1x11BR,1BA$1,275
Willow Stream Apartments SouthSub-Level Two Bedroom2BR,1BA$1,295
Wellington Manor Apartments2x2A2WM2BR,2BA$1,300
Residences at Covered Bridge2x1A1CB2BR,1BA$1,350

Best Value Apartments for Rent in Memphis, NY and Nearby

As of November 01, 2025 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$1.61
Steeplechase Apartment HomesTwo Bedroom 2 Bath- 1,150 sqft2BR,2BA$1.53
Aspen Springs Apartments2 Bed 2 Bath2BR,2BA$1.45
The Landings at Meadowood Apartment HomesTwo Bedroom 2 Bath- 1,069 sqft2BR,2BA$1.77
Wellington Manor Apartments2x2A2WM2BR,2BA$1.27
Willow Stream Apartments SouthUpper Two Bedroom2BR,1BA$1.34
Village Green2 Bedroom 2 Bath2BR,2BA$1.44
Residences at Covered Bridge2x1A1CB2BR,1BA$1.55

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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 $1,179 at Braeside 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 $1,295 at Willow Stream Apartments South.

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

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! 

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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.

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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.