Cheap Homes for Rent in Audubon Park Neighborhood of Memphis, TN from $500 (64 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 El Dorado priced from $546. 4015 Summer Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here are the most affordable Audubon Park apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
El Dorado1 Bedroom1BR,1BA$546
4015 Summer AveOne1BR,1BA$550
The Residences at LakeviewStudioStudio,1BA$581
Shady Oaks1 Bed, 1 bath1BR,1BA$595
Elite Living ResidenceStudioStudio,1BA$650
University CrossingsBrister1BR,1BA$675
Grahamwood Place Apartments1 bedroom 1 bathroom1BR,1BA$699
The JunctionThe Engineer1BR,1BA$710
Springdale Creek Apartments1 Bedroom1BR,1BA$725
Oak Grove FlatsStudioStudio,1BA$745

Best Value Apartments for Rent in Audubon Park, TN

As of June 23, 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 4 Bedroom 2 Bathroom Model at Tillman Cove starting at $1,511 with a $0.79 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
Tillman Cove4 Bedroom 2 Bathroom4BR,2BA$0.79
Student Lofts at BristerEntire home 4 Bedrooms 4 Baths1BR,1BA$0.43
Grahamwood Place Apartments3 bedroom 2 bathroom3BR,2BA$0.83
Audubon DownsTwo Bedroom2BR,1BA$0.93
Summer Oaks Apartments2 Beds, 1 bath2BR,1BA$0.81
Shady Oaks1 Bed, 1 bath1BR,1BA$0.66
Springdale Creek Apartments1 Bedroom1BR,1BA$1.04
4015 Summer AveOne1BR,1BA$0.88
El Dorado1 Bedroom1BR,1BA$0.95

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Frequently Asked Questions about Audubon Park

What type of rentals are currently available in Audubon Park?

There are currently 232 Apartments for Rent in Audubon Park, TN with pricing that ranges from $549 to $7,190. There are also 284 Single Family Homes for rent, Condos, and Townhome rentals currently available in Audubon Park ranging from $550 to $2,975.

What is the current price range for Rental Homes in Audubon Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Audubon Park ranges from $550 to $2,975 with an average monthly rent of $1,278.

How much are larger Three and Four Bedroom Rentals in Audubon Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Audubon Park range from $699 to $4,039, while Three Bedroom Homes, Condos, and Townhomes for rent range from $795 to $2,850. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $549.

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.