Cheap Apartments for Rent in the Audubon Park Neighborhood of Memphis, TN from $300 (92 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Audubon Park area of Memphis.

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411 Tillman St
2 Bedroom Apartments

411 Tillman St

411 Tillman StMemphis, TN 38112
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Rehab/QCT
1 to 2 Bedroom Apartments

Rehab/QCT

3250 Guernsey AveMemphis, TN 38112
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Addison 1 Apartments
2 Bedroom Apartments

Addison 1 Apartments

3300 Southern AveMemphis, TN 38111
  • Utilities Included
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3335 Henry Ave
2 Bedroom Apartments

3335 Henry Ave

3335 Henry AveMemphis, TN 38122
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Campus View
1 to 2 Bedroom Apartments

Campus View

3606 Walker AveMemphis, TN 38111
  • Utilities Included

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Audubon Park, Memphis, TN Local Guide

Cheapest Available Audubon Park Apartments for Rent

 

The cheapest available apartment rental in the Audubon Park area of Memphis, TN is a 1 Bed unit found at 4015 Summer Ave priced from $550. El Dorado has the second lowest priced unit, which is a 1 Bed apartment currently listed from $561. Here are the most affordable Audubon Park apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
4015 Summer AveOne1BR,1BA$550
El Dorado1 Bedroom1BR,1BA$561
The Residences at LakeviewStudioStudio,1BA$581
Yugo Memphis Southern4 Bed, 4 Bath Classic4BR,4BA$599
Springdale Creek Apartments1 Bedroom1BR,1BA$625
Thompson HeightsAmazing Unit2BR,1BA$650
Oak Grove Flats2BR2BR,1BA$667
Grahamwood Place-New1 bedroom 1 bathroom1BR,1BA$699
Audubon Park PlaceStudio/1BAStudio,1BA$745
Summer Oaks Apartments4030 Summer2BR,1BA$750

Best Value Apartments for Rent in Audubon Park, TN

As of December 12, 2025 the best value apartment in the Audubon Park area is the $0.35 price per square foot Entire home 4 Bedrooms 4 Baths Model at Student Lofts at Brister in the in the East Memphis neighborhood starting from $650. The second greatest value Audubon Park apartment is the 3BR Model at Oak Grove Flats starting at $935 with a $0.94 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for Audubon Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Student Lofts at BristerEntire home 4 Bedrooms 4 Baths1BR,1BA$0.35
Oak Grove Flats3BR3BR,1.5BA$0.94
Audubon DownsTwo Bedroom2BR,1BA$0.93
Spottswood Manor2 Bedroom Townhome2BR,1.5BA$0.93
Summer Oaks Apartments4030 Summer2BR,1BA$0.81
Imperial Arms ApartmentsImperial Arms2BR,1BA$0.97
Thompson HeightsAmazing Unit2BR,1BA$0.81
Grahamwood Place-New1 bedroom 1 bathroom1BR,1BA$0.93
Springdale Creek Apartments1 Bedroom1BR,1BA$0.89
4015 Summer AveOne1BR,1BA$0.88

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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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.

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Pet Friendly Lifestyle
Audubon Park, Memphis, TN

Ranked #35

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals in cities and towns across the United States, including Memphis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and the best outdoor access, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Audubon Park Neighborhood in Memphis, TN

Walk Score®

59 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

54 / 100

Bikeable

Some bike infrastructure

Transit Score®

32 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Audubon Park Apartments

What is a cheap apartment in Audubon Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Audubon Park is under $750.

What is the price of a cheap apartment in Audubon Park?

The cheapest apartment in Audubon Park is 4015 Summer Ave which is listed at $550, while the average apartment in Audubon Park costs $6,839.

What types of apartments are the cheapest in Audubon Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 64 regular apartments in Audubon Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Audubon Park?

Cheap apartments in Audubon Park have an average cost of $455 which is $6,384 cheaper than the average rent for all rentals in Audubon Park.

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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Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!