Cheap Apartments for Rent in the Cypress Creek Neighborhood of Memphis, TN from $300 (65 Rentals)

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

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2238 Howell Ave
1 to 2 Bedroom Apartments

2238 Howell Ave

2238 Howell AveMemphis, TN 38108
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1111 N Parkway
1 Bedroom Apartments

1111 N Parkway

1111 N ParkwayMemphis, TN 38105
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April Woods
2 to 3 Bedroom Apartments

April Woods

262 Chelsea AveMemphis, TN 38107
  • Utilities Included

The Local Memphis Expert's Guide to Renting Near the City's Top Employers

Memphis apartment guide from a local expert, breaking down neighborhoods, average rent, and ideal commute times near the 5 largest employers - FedEx, St. Jude, U of M, Methodist, and AutoZone.

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2086 Hubert Ave
2 Bedroom Apartments

2086 Hubert Ave

2086 Hubert AveMemphis, TN 38108
property at 820 Maury St

$695 - $725

1 Bedroom Rentals

Available Now

820 Maury St

MemphisTN38107

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Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.

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The Kendall
2 Bedroom Apartments

The Kendall

1018 N 7th StMemphis, TN 38107

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Cypress Creek, Memphis, TN Local Guide

Cheapest Available Cypress Creek Apartments for Rent

 

The cheapest available apartment rental in the Cypress Creek area of Memphis, TN is a 1 Bed unit found at 1111 N Parkway priced from $600. University Gardens Manor has the second lowest priced unit, which is a 2 Beds apartment currently listed from $659. Here are the most affordable Cypress Creek apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
1111 N Parkway1 Beds, 1 Baths1BR,1BA$600
University Gardens Manor2x1 Classic2BR,1BA$659
Overton Place1 Bedroom Victorian1BR,1BA$725
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$750
Uptown Square ApartmentsStudio - HandicappedStudio,1BA$760
Watkins Manor1 Bed, 1 bath1BR,1BA$850
1716 DuPont Ave2 Bed 1 Bed2BR,1BA$850
Kings Reserve MemphisStonewall1BR,1BA$880
Bickford Square Apartments2BR/2BA2BR,2BA$895
Parkway Place Apartments1 Bed, 1 bath1BR,1BA$950

Best Value Apartments for Rent in Cypress Creek, TN

As of July 28, 2026 the best value apartment in the Cypress Creek area is the $1.01 price per square foot 3-A Model at Uptown Flats in the in the Downtown Memphis neighborhood starting from $1,339. The second greatest value Cypress Creek apartment is the 2BR/2BA Model at Bickford Square Apartments starting at $895 with a $0.84 price per square foot in the Downtown Memphis neighborhood. Here is today’s list of the best values for Cypress Creek apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Uptown Flats3-A3BR,2BA$1.01
Bickford Square Apartments2BR/2BA2BR,2BA$0.84
Legends Park Apartments2 Bedroom Townhouse2BR,1.5BA$1.30
Kings Reserve MemphisOverton2BR,1BA$1.27
Woodglen VillageTwo Bedroom One Bathroom2BR,1BA$1.09
1111 N Parkway1 Beds, 1 Baths1BR,1BA$0.75
University Gardens ManorGold Unit2BR,1BA$1.19
Overton Place1 Bedroom Victorian (Renovated)1BR,1BA$1.25
Parkway Place Apartments1 Bed, 1 bath1BR,1BA$1.46
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$1.15

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
Cypress Creek, Memphis, TN

Ranked #53

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Cypress Creek Apartments

What is a cheap apartment in Cypress Creek?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Cypress Creek is under $950.

What is the price of a cheap apartment in Cypress Creek?

The cheapest apartment in Cypress Creek is 1111 N Parkway which is listed at $600, while the average apartment in Cypress Creek costs $1,795.

What types of apartments are the cheapest in Cypress Creek?

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 162 regular apartments in Cypress Creek 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 Cypress Creek?

Cheap apartments in Cypress Creek have an average cost of $659 which is $1,136 cheaper than the average rent for all rentals in Cypress Creek.

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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