Cheap Apartments for Rent in the East Memphis Neighborhood of Memphis, TN from $300 (172 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 El Dorado priced from $548. 4015 Summer Ave 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
El Dorado1 Bedroom1BR,1BA$548
4015 Summer AveOne1BR,1BA$550
Shady Oaks1 Bed, 1 bath1BR,1BA$595
Elite Living ResidenceStudioStudio,1BA$650
University CrossingsBrister1BR,1BA$675
Village Square2054 #3 (Coming Soon)1BR,1BA$695
Villages at Harrison Creek- 50% off 1st monthThe Willows1BR,1BA$699
Grahamwood Place1 bedroom 1 bathroom1BR,1BA$699
Springdale Creek Apartments1 Bedroom1BR,1BA$725
Oak Grove FlatsStudioStudio,1BA$745

Best Value Apartments for Rent in East Memphis, TN

As of June 11, 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 4 Bedroom 4 Bath Model at Student Lofts at Brister starting at $800 with a $0.43 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 Brister4 Bedroom 4 Bath1BR,1BA$0.43
Grahamwood Place3 bedroom 2 bathroom3BR,2BA$0.83
Sycamore Lake2 Bed 1.5 Bath2BR,1BA$0.96
Summer Oaks Apartments2 Beds, 1 bath2BR,1BA$0.81
Abington2 Bed / 2 Bath – Spacious Townhome2BR,1.5BA$0.89
1101 S Rembert St, Unit 11011101 S Rembert St1BR,1BA$0.83
Shady Oaks1 Bed, 1 bath1BR,1BA$0.66
El Dorado2 Bedroom2BR,1.5BA$0.98
4015 Summer AveOne1BR,1BA$0.88

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Pet Friendly Lifestyle
East Memphis, Memphis, TN

Ranked #8

Among neighborhoods in Memphis, TN 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 a cheap apartment in East Memphis?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in East Memphis is under $745.

What is the price of a cheap apartment in East Memphis?

The cheapest apartment in East Memphis is El Dorado which is listed at $548, while the average apartment in East Memphis costs $3,750.

What types of apartments are the cheapest in East Memphis?

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 63 regular apartments in East Memphis 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 East Memphis?

Cheap apartments in East Memphis have an average cost of $581 which is $3,169 cheaper than the average rent for all rentals in East Memphis.

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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The Art of the Rental Viewing: What to look for during a property tour

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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.