Cheap Apartments for Rent in Memphis, NY from $500 (19 Rentals)

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

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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-19, 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 Studio unit found at Braeside Apartments priced from $999. Willow Stream Apartments South has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,130. Here is today’s list of the most affordable Memphis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Braeside ApartmentsStudioStudio,1BA$999
Willow Stream Apartments SouthUpper One Bedroom1BR,1BA$1,130
Breckenridge ApartmentsLoft1BR,1BA$1,195
Serenity Village1x1 Atrium R1BR,1BA$1,450
Silverwood at the Radisson2 Bedroom2BR,2BA$1,550

Best Value Apartments for Rent in Memphis, NY and Nearby

As of June 05, 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 2 Bath Garage Model at Fobes Island Apartments starting at $2,375 with a $1.79 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
Fobes Island Apartments2 Bedroom 2 Bath Garage2BR,2BA$1.79
Center Pointe at Radisson2 Bedroom2BR,2BA$1.39
Tumblerock Luxury Apartments2 bedroom 2 bath2BR,2BA$2.00
Silverwood at the Radisson2 Bedroom2BR,2BA$1.27
Grenadier Village ApartmentsQueens-3x1.5/Terrace3BR,1.5BA$1.63
Starlight Estates Apartments2 Beds, 2 baths2BR,2BA$1.59
105 N Willow St2 bedrooms2BR,1BA$2.06
Willow Stream Apartments SouthUpper One Bedroom1BR,1BA$1.51
Breckenridge ApartmentsLoft1BR,1BA$2.06

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Location, Location, Location!

Explore Memphis, NY Rentals by Map

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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 $1,089 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 $1,240 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 Serenity Village and starts from $1,750.

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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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.

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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.

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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.

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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.