
Cheap Homes for Rent near Memphis, NY from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Memphis.


406.5 Union Pl

154 Liberty St

327 Village Blvd N

505 Village Blvd N
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.

116 Alice Ave

21 S Skaneateles St

1208 Greymoor Way

130 Old Liverpool Rd

309 Hamilton St
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.
Memphis, NY Local Guide

How much does it cost to rent a home in Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Memphis 2 Bedroom Homes for Rent | $1,986 | $1,400 | $3,500 |
| Memphis 3 Bedroom Homes for Rent | $2,911 | $1,650 | $10,000+ |
| Memphis 4 Bedroom Homes for Rent | $2,792 | $1,400 | $4,700 |
| Memphis 5 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
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Memphis, NY Local Guide
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Cheapest Available Memphis Apartments for Rent and Nearby
 The cheapest available apartment rental in Memphis, NY is a 2 Beds unit found at Cedarwood Crossings priced from $1,175. Breckenridge Apartments 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cedarwood Crossings | Red Coach 1 Bedroom 1 Bath | 2BR,1BA | $1,175 |
| Breckenridge Apartments | Loft | 1BR,1BA | $1,182 |
| Serenity Village | 1x1 Ranch | 1BR,1BA | $1,225 |
Best Value Apartments for Rent in Memphis, NY and Nearby
As of July 28, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 3396-3442 Summers Gate Dr | 2 Bed 2 Bath | 2BR,2.5BA | $1.71 |
| Center Pointe at Radisson | 2 Bedroom | 2BR,2BA | $1.54 |
| Fobes Island Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.60 |
| Aspen Springs Apartments | 2 Bed 2 Bath | 2BR,2BA | $1.43 |
| Kings Gate West | One Bedroom | 1BR,1BA | $1.70 |
| The Landings at Meadowood Apartment Homes | One Bedroom- 848 sqft | 1BR,1BA | $1.95 |
| Wellington Gardens | 1 Bed 1 Bath | 1BR,1BA | $1.56 |
| Grampian Crossings | 1 Bedroom 1 Bathroom Grampian Classic | 1BR,1BA | $2.00 |
| Serenity Village | 1x1 Ranch | 1BR,1BA | $1.88 |
| Cedarwood Crossings | Red Coach 1 Bedroom 1 Bath | 1BR,1BA | $1.96 |
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.
Read ArticleReal 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 Memphis
What type of rentals are currently available in Memphis?
There are currently 38 Apartments for Rent in Memphis, NY with pricing that ranges from $628 to $3,300. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $795 to $10,000.
What is the current price range for Rental Homes in Memphis?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Memphis ranges from $795 to $10,000 with an average monthly rent of $2,347.
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

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.

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.