Cheap Homes for Rent in the East Memphis Neighborhood of Memphis, TN from $400 (167 Rentals)

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

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City

Moving to the Bluff City? Get the insider’s guide on Memphis life, from specific neighborhood personalities and current average rent, to the best barbecue and live music spots.

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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 1716 Combs St

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

1 Bedroom, 1 Bath Condo for Rent

Available Now

1716 Combs St, Unit B

1716 Combs St
MemphisTN38108

The Local Memphis Expert's Guide to Renting Near the City's Top Employers

Memphis apartment guide from a local expert, breaking down neighborhoods, average rent, and ideal commute times near the 5 largest employers - FedEx, St. Jude, U of M, Methodist, and AutoZone.

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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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property at 3449 Southern Ave

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

1 Bedroom, 1 Bath Condo for Rent

Available Now

3449 Southern Ave, Unit 3453 - 102

3449 Southern Ave
MemphisTN38111

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 $547. 165 N Merton 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$547
165 N Merton1BR/1.0BA1BR,1BA$550
TE - SpottswoodAve38751BR/1.0BA1BR,1BA$599
1645 Wells Station Rd2 Beds, 1 bath2BR,1BA$650
1277 Airways Blvd2 Beds, 1 Baths2BR,1BA$650
University Gardens Manor2x1 Classic2BR,1BA$659
Barron CourtBarron Court 2 Bedroom 1 Bath2BR,1BA$673
Audubon Park PlaceStudioStudio,1BA$695
3969 Southlawn Ave2 Beds, 1 Baths2BR,1BA$695
Grahamwood Place1 bedroom 1 bathroom1BR,1BA$699

Best Value Apartments for Rent in East Memphis, TN

As of August 06, 2026 the best value apartment in the East Memphis area is the $0.51 price per square foot 4 Beds, 2 Baths Model at 378 N Highland St in the in the East Memphis neighborhood starting from $1,550. The second greatest value East Memphis apartment is the 3 Beds, 2 Baths Model at 2191 Washington Ave starting at $1,600 with a $0.84 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.
378 N Highland St4 Beds, 2 Baths4BR,2BA$0.51
2191 Washington Ave3 Beds, 2 Baths3BR,2BA$0.84
High Point Apartments3 Bedroom 2 Bathroom3BR,2BA$0.82
Brentwood Parc2 Bed/ 2 Bath Towhnome2BR,2BA$0.83
34 N Idlewild St2BR/1.0BA2BR,1BA$0.89
Summer Oaks Apartments4030 Summer2BR,1BA$0.81
Imperial Arms ApartmentsImperial Arms2BR,1BA$0.92
Whispering Pines1 BR1BR,1BA$0.83
1101 S Rembert St, Unit 11011101 S Rembert St1BR,1BA$0.83
Barron CourtBarron Court 2 Bedroom 1 Bath2BR,1BA$0.87

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 656 Apartments for Rent in East Memphis, TN with pricing that ranges from $550 to $3,400. There are also 464 Single Family Homes for rent, Condos, and Townhome rentals currently available in East Memphis ranging from $495 to $6,200.

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 $495 to $6,200 with an average monthly rent of $1,478.

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 $550 to $3,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $3,500. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $550.

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.

Helpful Local Expert Guides

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Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City

Written by: Joshua Carlucci

Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.

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The Local Memphis Expert's Guide to Renting Near the Citys Top Employers

Written by: Joshua Carlucci

I'm Josh, your ApartmentHomeLiving.

decorative image for College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive article

College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive

Written by: Joshua Carlucci

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

decorative image for Affordable Memphis: The Best Lower Priced Neighborhoods with Character article

Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

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

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.