Cheap Homes for Rent in East Memphis Neighborhood of Memphis, TN from $500 (123 Rentals)

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

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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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 $564. 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$564
Shady Oaks2 Beds, 1 bath2BR,1BA$595
Elite Living ResidenceStudioStudio,1BA$650
University CrossingsBrister1BR,1BA$675
Village Square2054 #21BR,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 03, 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
Audubon DownsTwo Bedroom2BR,1BA$0.93
Summer Oaks Apartments2 Beds, 1 bath2BR,1BA$0.81
Shady Oaks2 Beds, 1 bath2BR,1BA$0.66
Abington2 Bed / 2 Bath – Spacious Townhome2BR,1.5BA$0.89
Springdale Creek Apartments1 Bedroom1BR,1BA$1.04
4015 Summer AveOne1BR,1BA$0.88
El Dorado1 Bedroom1BR,1BA$0.98

Quick Rent Budget Calculator

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Frequently Asked Questions about East Memphis

What type of rentals are currently available in East Memphis?

There are currently 610 Apartments for Rent in East Memphis, TN with pricing that ranges from $549 to $8,180. There are also 406 Single Family Homes for rent, Condos, and Townhome rentals currently available in East Memphis ranging from $595 to $5,900.

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 $595 to $5,900 with an average monthly rent of $1,714.

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 $699 to $4,270, while Three Bedroom Homes, Condos, and Townhomes for rent range from $650 to $3,170. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $549.

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

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.

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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.