Cheap Apartments for Rent in the East Memphis Neighborhood of Memphis, TN from $300 (152 Rentals)

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

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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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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Affordable Memphis: The Best Neighborhoods with Character and Lower Rents

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

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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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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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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. El Dorado has the second lowest priced unit, which is a 1 Bed apartment currently listed from $591. Here are the most affordable East Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
4015 Summer AveOne1BR,1BA$550
El Dorado1 Bedroom1BR,1BA$591
Yugo Memphis Southern4 Bed, 4 Bath Classic4BR,4BA$599
Village Square2068 #31BR,1BA$625
Coronado Manor1 bedroom1BR,1BA$649
1645 Wells Station Rd2 Beds, 1 bath2BR,1BA$650
Elite Living ResidenceStudioStudio,1BA$650
Thompson HeightsAmazing Unit2BR,1BA$650
University Gardens Manor2x1 Classic2BR,1BA$659
Oak Grove Flats2BR2BR,1BA$667

Best Value Apartments for Rent in East Memphis, TN

As of October 27, 2025 the best value apartment in the East Memphis area is the $0.69 price per square foot 4 Bedroom Model at Barksdale Flats in the in the East Memphis neighborhood starting from $1,595. The second greatest value East Memphis apartment is the Student Housing Per Person Model at 3570 Spottswood Ave starting at $750 with a $0.38 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.
Barksdale Flats4 Bedroom4BR,2BA$0.69
3570 Spottswood AveStudent Housing Per Person5BR,5BA$0.38
Student Lofts at BristerEntire home 4 Bedrooms 4 Baths1BR,1BA$0.38
Audubon DownsTwo Bedroom2BR,1BA$0.93
Spottswood Manor2 Bedroom Townhome2BR,1.5BA$0.93
Summer Oaks Apartments4030 Summer2BR,1BA$0.81
Oak Grove Flats2BR2BR,1BA$0.78
Thompson HeightsAmazing Unit2BR,1BA$0.81
Grahamwood Place-New1 bedroom 1 bathroom1BR,1BA$0.93
4015 Summer AveOne1BR,1BA$0.88

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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
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 $650 at Thompson Heights.

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 $850.

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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Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.