Cheap Apartments for Rent in the East Memphis Neighborhood of Memphis, TN from $300 (148 Rentals)

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

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East Memphis, Memphis, TN Local Guide

Cheapest Available East Memphis Apartments for Rent

 

The cheapest available apartment rental in the East Memphis area of Memphis, TN is a 1 Bed unit found at 4015 Summer Ave priced from $550. 165 N Merton has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here are the most affordable East Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
4015 Summer AveOne1BR,1BA$550
165 N Merton1BR/1.0BA1BR,1BA$550
El Dorado1 Bedroom1BR,1BA$561
Shady Oaks1 Bed, 1 bath1BR,1BA$595
Elite Living ResidenceStudioStudio,1BA$650
University Gardens Manor1x1 Classic1BR,1BA$659
Audubon Park PlaceStudio/1BAStudio,1BA$675
Villages at Harrison Creek- $1000.00 off!The Willows1BR,1BA$699
Grahamwood Place Apartments1 bedroom 1 bathroom1BR,1BA$699
Coronado Manor1 bedroom1BR,1BA$699

Best Value Apartments for Rent in East Memphis, TN

As of July 27, 2025 the best value apartment in the East Memphis 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 East Memphis 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 East Memphis 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
151 N Evergreen St, Unit 151 N Evergreen151 N Evergreen St3BR,1BA$0.97
Grahamwood Place Apartments3 bedroom 2 bathroom3BR,2BA$0.83
Brentwood Apartments2x2 Classic2BR,2BA$0.91
Audubon DownsTwo Bedroom2BR,1BA$0.93
Summer Oaks Apartments2 Beds, 1 bath2BR,1BA$0.81
Shady Oaks1 Bed, 1 bath1BR,1BA$0.66
Barron CourtBarron Court 2 Bedroom 1 Bath2BR,1BA$0.96
4015 Summer AveOne1BR,1BA$0.88

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Pet Friendly Lifestyle
East Memphis, Memphis, TN

Ranked #6

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 comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including East Memphis, Memphis, and the greater Memphis area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, transit availability, pet-friendly communities, apartment complexes for the kids, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap East Memphis Apartments

What is the Cheapest Studio apartment in East Memphis?

Currently the most affordable Cheap Studio Apartment in East Memphis is at Elite Living Residence listed at $650.

How much is rent for a Cheap One Bedroom East Memphis Apartment?

The lowest price for a Cheap One Bedroom East Memphis Apartment is $550 at 4015 Summer Ave.

What is the lowest price for a Cheap Two Bedroom East Memphis Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in East Memphis is starting from $695 at 4015 Summer Ave.

What is the most affordable East Memphis Three Bedroom Apartment?

The best deal on a cheap East Memphis Three Bedroom Apartment rental is at Springdale Creek Apartments and starts from $940.

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.