Cheap Apartments for Rent in the Audubon Park Neighborhood of Memphis, TN from $300 (91 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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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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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
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The Belle
Studio to 2 Bedroom Apartments

The Belle

3375 Southern AveMemphis, TN 38111
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Harmony Woods
2 Bedroom Apartments

Harmony Woods

3384 Harmony CtMemphis, TN 38122
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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 $557. 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$557
The Residences at LakeviewStudioStudio,1BA$581
Shady Oaks1 Bed, 1 bath1BR,1BA$595
Elite Living ResidenceStudioStudio,1BA$650
Audubon Park PlaceStudio/1BAStudio,1BA$675
Grahamwood Place Apartments1 bedroom 1 bathroom1BR,1BA$699
The JunctionThe Engineer1BR,1BA$710
Springdale Creek Apartments1 Bedroom1BR,1BA$725

Best Value Apartments for Rent in Audubon Park, TN

As of July 28, 2025 the best value apartment in the Audubon Park area is the $0.38 price per square foot Student Housing Per Person Model at 3570 Spottswood Ave in the in the East Memphis neighborhood starting from $750. The second greatest value Audubon Park apartment is the Entire home 4 Bedrooms 4 Baths Model at Student Lofts at Brister starting at $775 with a $0.42 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.
3570 Spottswood AveStudent Housing Per Person5BR,5BA$0.38
Student Lofts at BristerEntire home 4 Bedrooms 4 Baths1BR,1BA$0.42
Grahamwood Place Apartments3 bedroom 2 bathroom3BR,2BA$0.83
Audubon DownsTwo Bedroom2BR,1BA$0.93
Summer Oaks Apartments2 Beds, 1 bath2BR,1BA$0.81
Imperial Arms ApartmentsImperial Arms2BR,1BA$0.97
Shady Oaks1 Bed, 1 bath1BR,1BA$0.66
El Dorado2 Bedroom2BR,1.5BA$0.99
4015 Summer AveOne1BR,1BA$0.88
4659 Cottonwood Rd1 Bed 1 Bath1BR,1BA$0.91

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Audubon Park, Memphis, TN

Ranked #39

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

Pet Friendliness Lifestyle Score

4.0
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 $725.

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 $5,680.

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 77 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 $700 which is $4,980 cheaper than the average rent for all rentals in Audubon Park.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.