Cheap Homes for Rent in East Memphis Neighborhood of Memphis, TN from $500 (212 Rentals)

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Search the lowest-cost Homes 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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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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property at 605 Patterson St

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895
Total Monthly Price
$895

2 Bedroom, 1 Bath Home for Rent

Available Now

605 Patterson St

MemphisTN38111

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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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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 #4

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about East Memphis

What type of rentals are currently available in East Memphis?

There are currently 624 Apartments for Rent in East Memphis, TN with pricing that ranges from $589 to $8,693. There are also 447 Single Family Homes for rent, Condos, and Townhome rentals currently available in East Memphis ranging from $575 to $6,700.

What is the current price range for Rental Homes in East Memphis?

Today's rental pricing for Homes for Rent, Condos and Townhomes in East Memphis ranges from $575 to $6,700 with an average monthly rent of $1,700.

How much are larger Three and Four Bedroom Rentals in East Memphis?

For those who are looking for larger living arrangements, Three Bedroom Apartments in East Memphis range from $737 to $6,173, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $3,200. Four Bedroom Single-Family rentals are also available starting from $925 and Four Bedroom Apartments start at $650.

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.

Articles, How-To's, and Tips

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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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.