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

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Showing Results 1-18, 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 $1,260. 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$1,260
Grenadier Village ApartmentsKings-1x11BR,1BA$1,275
Serenity Village1x1 Ranch1BR,1BA$1,350
Kings Gate WestTwo Bedroom2BR,2BA$1,590

Best Value Apartments for Rent in Memphis, NY and Nearby

As of September 14, 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 $1,795 with a $1.39 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$1.39
The Fairways at Timber BanksTwo Bedroom 2 Bath w/ Den2BR,2BA$1.54
Fobes Island Apartments2 Bedroom 1 Bath2BR,1BA$1.61
The Landings at Meadowood Apartment HomesTwo Bedroom 2 Bath- 1,182 sqft2BR,2BA$1.63
Steeplechase Apartment HomesTwo Bedroom 2 Bath- 1,150 sqft2BR,2BA$1.61
Canal Crossing Apartment HomesTwo Bedroom 2 Bath- 1138 sqft2BR,2BA$1.89
Camillus Mills1BR/1.0BA1BR,1BA$1.81
Kings Gate WestOne Bedroom1BR,1BA$1.78
Willow Stream Apartments SouthUpper One Bedroom1BR,1BA$1.68

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Memphis, NY Rentals by Map

Decorative image of map

See the most popular apartments and homes in Memphis, NY

View Map
Memphis, NY Apartments Map
View Map
Memphis, NY Rental Homes Map

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 $1,260 at Willow Stream Apartments South.

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 $1,305 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 $1,725.

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.