Cheap Apartments for Rent in the East Memphis Neighborhood of Memphis, TN from $300 (155 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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Cherry Creek Apartments
Rent Specials
$750 - $875
Total Monthly Price

Total Monthly Price

Base Rent
$727 - $852
Required Monthly Fees
$23
Total Monthly Price
$750 - $875
1 to 3 Bedroom Apartments Available Now

Cherry Creek Apartments

1460 Cherry RdMemphis, TN 38117
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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University Crossings
Rent Specials
$815 - $1,075
Total Monthly Price

Total Monthly Price

Base Rent
$776 - $1,036
Required Monthly Fees
$39
Total Monthly Price
$815 - $1,075
1 to 2 Bedroom Apartments Available Now

University Crossings

3467-3469 Southern AveMemphis, TN 38111
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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Highland Chateau
$880 - $1,150
Total Monthly Price

Total Monthly Price

Base Rent
$831 - $1,101
Required Monthly Fees
$49
Total Monthly Price
$880 - $1,150
1 to 3 Bedroom Apartments Contact Us For Availability

Highland Chateau

5246 Raleigh Lagrange RdMemphis, TN 38134
Affordability
  • Verified
  • Customer Reviewed

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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 165 N Merton St priced from $550. El Dorado has the second lowest priced unit, which is a 1 Bed apartment currently listed from $589. Here are the most affordable East Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
165 N Merton St1BR/1.0BA1BR,1BA$550
El Dorado1 Bedroom1BR,1BA$589
Yugo Memphis Southern4 Bed, 4 Bath Classic4BR,4BA$599
Monarch on HighlandMHLA11BR,1BA$600
Springdale Creek Apartments1 Bedroom1BR,1BA$625
1645 Wells Station Rd2 Beds, 1 bath2BR,1BA$650
University Gardens Manor2x1 Classic2BR,1BA$659
Oak Grove Flats2BR2BR,1BA$667
Audubon Park PlaceStudio/1BAStudio,1BA$695
Grahamwood Place1 bedroom 1 bathroom1BR,1BA$699

Best Value Apartments for Rent in East Memphis, TN

As of March 22, 2026 the best value apartment in the East Memphis area is the $0.38 price per square foot Entire home 4 Bedrooms 4 Baths Model at Student Lofts at Brister in the in the East Memphis neighborhood starting from $695. The second greatest value East Memphis apartment is the 4 Bedroom Model at Barksdale Flats starting at $1,500 with a $0.94 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.
Student Lofts at BristerEntire home 4 Bedrooms 4 Baths1BR,1BA$0.38
Barksdale Flats4 Bedroom4BR,2BA$0.94
Parkway Arms Apartments2 Bed 2 Bath2BR,2BA$0.93
Oak Grove Flats3BR3BR,1.5BA$0.94
Spottswood Manor2 Bedroom Townhome2BR,1.5BA$0.93
High Point Apartments2 Bedroom 1 Bathroom2BR,1BA$0.89
Summer Oaks Apartments4030 Summer2BR,1BA$0.81
Imperial Arms ApartmentsImperial Arms2BR,1BA$0.86
Grahamwood Place1 bedroom 1 bathroom1BR,1BA$0.93
Springdale Creek Apartments1 Bedroom1BR,1BA$0.89

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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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
East Memphis, Memphis, TN

Ranked #4

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 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 $699.

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

The cheapest apartment in East Memphis is 165 N Merton which is listed at $550, while the average apartment in East Memphis costs $8,693.

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 202 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 $481 which is $8,212 cheaper than the average rent for all rentals in East Memphis.

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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