Cheap Homes for Rent in Audubon Park Neighborhood of Memphis, TN from $500 (75 Rentals)

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

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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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property at 3449 Southern Ave

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

1 Bedroom, 1 Bath Condo for Rent

Available Now

3449 Southern Ave, Unit 3453 - 102

3449 Southern Ave
MemphisTN38111

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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 $563. The Residences at Lakeview has the second lowest priced unit, which is a Studio apartment currently listed from $581. Here are the most affordable Audubon Park apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
El Dorado1 Bedroom1BR,1BA$563
The Residences at LakeviewStudioStudio,1BA$581
Monarch on HighlandMHLA11BR,1BA$600
3969 Southlawn Ave1 Beds, 1 Baths1BR,1BA$650
Barron CourtBarron Court 2 Bedroom 1 Bath2BR,1BA$664
Oak Grove Flats2BR2BR,1BA$667
Audubon Park PlaceStudioStudio,1BA$695
Grahamwood Place1 bedroom 1 bathroom1BR,1BA$699
High Point Apartments2 Bedroom 1 Bathroom2BR,1BA$730
Summer Oaks Apartments4030 Summer2BR,1BA$750

Best Value Apartments for Rent in Audubon Park, TN

As of June 21, 2026 the best value apartment in the Audubon Park area is the $0.53 price per square foot 4 Beds, 2 Baths Model at 378 N Highland St in the in the East Memphis neighborhood starting from $1,600. The second greatest value Audubon Park apartment is the Entire home 4 Bedrooms 4 Baths(SHARED HOUSING Model at Student Lofts at Brister starting at $700 with a $0.38 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.
378 N Highland St4 Beds, 2 Baths4BR,2BA$0.53
Student Lofts at BristerEntire home 4 Bedrooms 4 Baths(SHARED HOUSING1BR,1BA$0.38
High Point Apartments3 Bedroom 2 Bathroom3BR,2BA$0.93
Brentwood Parc2 Bed/ 2 Bath Towhnome2BR,2BA$0.83
Spottswood Manor2 Bedroom Townhome2BR,1.5BA$0.93
Summer Oaks Apartments4030 Summer2BR,1BA$0.81
Imperial Arms ApartmentsImperial Arms2BR,1BA$0.86
3523-3539 Clayphil Ave2 Beds, 1 Baths2BR,1BA$0.88
Barron CourtBarron Court 2 Bedroom 1 Bath2BR,1BA$0.86
Grahamwood Place1 bedroom 1 bathroom1BR,1BA$0.93

College Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive

Where do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!

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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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Quick Rent Budget Calculator

How much rent can you afford?

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 #39

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Audubon Park

What type of rentals are currently available in Audubon Park?

There are currently 244 Apartments for Rent in Audubon Park, TN with pricing that ranges from $581 to $2,482. There are also 290 Single Family Homes for rent, Condos, and Townhome rentals currently available in Audubon Park ranging from $550 to $6,999.

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 $6,999 with an average monthly rent of $1,742.

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 $600 to $2,482, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,725. Four Bedroom Single-Family rentals are also available starting from $1,050 and Four Bedroom Apartments start at $599.

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.

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