Cheap Apartments for Rent in the Cypress Creek Neighborhood of Memphis, TN from $300 (80 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Cypress Creek 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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property at 896 N Dunlap St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

1 Bedroom, 1 Bath Home for Rent

Available Now

896 N Dunlap St

MemphisTN38107
property at 864 Dickinson St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

3 Bedroom, 1 Bath Home for Rent

Available Jul 31

864 Dickinson St

MemphisTN38107

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 1542 Tutwiler Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

1542 Tutwiler Ave

MemphisTN38107
property at 1540 Tutwiler Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1540 Tutwiler Ave

MemphisTN38107
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699 N 5th St, Unit 2
$1,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100
1 Bedroom Apartment Available Jun 15

699 N 5th St, Unit 2

699 N 5th StMemphis, TN 38107
Furnished
  • Smoke Free
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Watkins Manor
1 to 3 Bedroom Apartments

Watkins Manor

2643 N Watkins StMemphis, TN 38127
  • Utilities Included

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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2238 Howell Ave
1 to 2 Bedroom Apartments

2238 Howell Ave

2238 Howell AveMemphis, TN 38108
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April Woods
2 to 3 Bedroom Apartments

April Woods

262 Chelsea AveMemphis, TN 38107
  • Utilities Included
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2086 Hubert Ave
2 Bedroom Apartments

2086 Hubert Ave

2086 Hubert AveMemphis, TN 38108
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1111 N Parkway
1 Bedroom Apartments

1111 N Parkway

1111 N ParkwayMemphis, TN 38105

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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property at 820 Maury St

$775

1 Bedroom Rentals

Available Now

820 Maury St

MemphisTN38107
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The Kendall
2 Bedroom Apartments

The Kendall

1018 N 7th StMemphis, TN 38107

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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Showing Results 1-50, Page 1 of 2

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 2 Beds unit found at University Gardens Manor priced from $659. Overton Place has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Cypress Creek apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
University Gardens Manor2x1 Classic2BR,1BA$659
Overton PlaceStudioStudio,1BA$725
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$750
Uptown Square ApartmentsStudio - HandicappedStudio,1BA$760
The Kendall2BR/1.0BA2BR,1BA$799
1716 DuPont Ave2 Bed 1 Bed2BR,1BA$850
Parkway Place ApartmentsStudioStudio,1BA$850
Bickford Square Apartments2BR/2BA2BR,2BA$895
Conwood Flats Apartment HomesS10 Studio1BR,1BA$935

Best Value Apartments for Rent in Cypress Creek, TN

As of June 13, 2026 the best value apartment in the Cypress Creek area is the $0.84 price per square foot 2BR/2BA Model at Bickford Square Apartments in the in the Downtown Memphis neighborhood starting from $895. The second greatest value Cypress Creek apartment is the 2 Bedroom Townhouse Model at Legends Park Apartments starting at $1,250 with a $1.30 price per square foot in the Medical District 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.
Bickford Square Apartments2BR/2BA2BR,2BA$0.84
Legends Park Apartments2 Bedroom Townhouse2BR,1.5BA$1.30
Kings Reserve MemphisTutwiller2BR,1BA$1.39
University Gardens ManorGold Unit2BR,1BA$1.19
Uptown Flats1-B1BR,1BA$1.28
The Kendall2BR/1.0BA2BR,1BA$1.20
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$1.15
Parkway Place ApartmentsStudioStudio ,1BA$1.42
Overton PlaceStudioStudio ,1BA$1.42
592 N 3rd St, Unit 592 N. Third ST592 N 3rd St1BR,1BA$1.33

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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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 #66

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 $935.

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

The cheapest apartment in Cypress Creek is University Gardens Manor which is listed at $659, while the average apartment in Cypress Creek costs $1,495.

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 132 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 $460 which is $1,035 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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