Cheap Apartments for Rent near Memphis, NY from $628 (31 Rentals)

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

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.

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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.

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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.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Showing Results 1-31, Page 1 of 1

Memphis, NY Local Guide

Cheapest Available Memphis Apartments for Rent and Nearby

 

The cheapest available apartment rental in Memphis, NY is a 1 Bed unit found at Breckenridge Apartments priced from $1,138. Wellington Gardens has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,182. Here is today’s list of the most affordable Memphis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Breckenridge ApartmentsLoft1BR,1BA$1,138
Wellington Gardens1 Bed 1 Bath1BR,1BA$1,182
Serenity Village1x1 Ranch1BR,1BA$1,225
Grenadier Village ApartmentsMajestic-1x11BR,1BA$1,325
Cedarwood CrossingsCedarwood - 1 Bedroom 1 Bath1BR,1BA$1,325
Grampian Crossings1 Bedroom 1 Bathroom Grampian Remodel1BR,1BA$1,350
Village Green2 Bedroom 2 Bath2BR,2BA$1,445
Pozzi PlaceOne Bedroom1BR,1BA$1,450
105 N Willow St1 Bedroom with In-Unit W/D1BR,1BA$1,495
Kings Gate WestOne Bedroom1BR,1BA$1,565

Best Value Apartments for Rent in Memphis, NY and Nearby

As of August 29, 2026 the best value apartment in the Memphis area is the $1.71 price per square foot 2 Bed 2 Bath Model at 3396-3442 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.
3396-3442 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
Steeplechase Apartment HomesTwo Bedroom- 1,070 sqft2BR,1BA$1.74
Village Green2 Bedroom 2 Bath2BR,2BA$1.48
Kings Gate WestOne Bedroom1BR,1BA$1.70
Wellington Gardens1 Bed 1 Bath1BR,1BA$1.50
Serenity Village1x1 Atrium R1BR,1BA$1.95
Cedarwood CrossingsCedarwood - 1 Bedroom 1 Bath1BR,1BA$1.95

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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Real 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.

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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 $1,138 at Breckenridge 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 $1,360 at Wellington Gardens.

What is the most affordable Memphis Three Bedroom Apartment?

The best deal on a cheap Memphis Three Bedroom Apartment rental is at Breckenridge Apartments and starts from $1,582.

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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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.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.