Cheap Homes for Rent in Memphis, NY from $700 (9 Rentals)

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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.

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.

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 Serenity Village priced from $1,225. Breckenridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here is today’s list of the most affordable Memphis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Serenity Village1x1 Ranch1BR,1BA$1,225
Breckenridge ApartmentsLoft1BR,1BA$1,250
Grenadier Village ApartmentsMajestic-1x11BR,1BA$1,275

Best Value Apartments for Rent in Memphis, NY and Nearby

As of June 12, 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
Kings Gate WestTwo Bedroom2BR,2BA$1.46
Aspen Springs Apartments2 Bed 2 Bath2BR,2BA$1.43
Grampian Crossings1 Bedroom 1 Bathroom Grampian Remodel1BR,1BA$1.44
Wellington Gardens1x1A1WM1BR,1BA$1.65
Steeplechase Apartment HomesOne Bedroom- 745 sqft1BR,1BA$1.95
Cedarwood CrossingsCedarwood - 1 Bedroom 1 Bath1BR,1BA$1.88
Serenity Village1x1 Ranch1BR,1BA$1.88

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 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 35 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

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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.