Cheap Apartments for Rent in the Frayser Neighborhood of Memphis, TN from $300 (62 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Frayser area of Memphis.

property at 896 N Dunlap St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

1 Bedroom, 1 Bath Home for Rent

Available Now

896 N Dunlap St

MemphisTN38107

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Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 864 Dickinson St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

3 Bedroom, 1 Bath Home for Rent

Available Jul 31

864 Dickinson St

MemphisTN38107
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Watkins Manor
1 to 3 Bedroom Apartments

Watkins Manor

2643 N Watkins StMemphis, TN 38127
  • Utilities Included

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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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Carriage House
1 to 3 Bedroom Apartments

Carriage House

1145 Frayser BlvdMemphis, TN 38127
  • Utilities Included
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2238 Howell Ave
1 to 2 Bedroom Apartments

2238 Howell Ave

2238 Howell AveMemphis, TN 38108
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April Woods
2 to 3 Bedroom Apartments

April Woods

262 Chelsea AveMemphis, TN 38107
  • Utilities Included
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2086 Hubert Ave
2 Bedroom Apartments

2086 Hubert Ave

2086 Hubert AveMemphis, TN 38108

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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property at 820 Maury St

$775

1 Bedroom Rentals

Available Now

820 Maury St

MemphisTN38107
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The Kendall
2 Bedroom Apartments

The Kendall

1018 N 7th StMemphis, TN 38107

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Cheapest Available Frayser Apartments for Rent

 

The cheapest available apartment rental in the Frayser area of Memphis, TN is a 2 Beds unit found at University Gardens Manor priced from $659. Greenlaw Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $750. Here are the most affordable Frayser apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
University Gardens Manor2x1 Classic2BR,1BA$659
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$750
The Kendall2BR/1.0BA2BR,1BA$799
1716 DuPont Ave2 Bed 1 Bed2BR,1BA$850
Bickford Square Apartments2BR/2BA2BR,2BA$895

Best Value Apartments for Rent in Frayser, TN

As of June 22, 2026 the best value apartment in the Frayser area is the $0.84 price per square foot 2BR/2BA Model at Bickford Square Apartments in the in the Downtown Memphis neighborhood starting from $895. The second greatest value Frayser apartment is the Gold Unit Model at University Gardens Manor starting at $920 with a $1.19 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for Frayser apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bickford Square Apartments2BR/2BA2BR,2BA$0.84
University Gardens ManorGold Unit2BR,1BA$1.19
The Kendall2BR/1.0BA2BR,1BA$1.20
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$1.15
1716 DuPont Ave2 Bed 1 Bed2BR,1BA$1.48
699 N 5th St, Unit 2699 N 5th St1BR,1BA$2.12

Frequently Asked Questions about Cheap Frayser Apartments

What is the price of a cheap apartment in Frayser?

The cheapest apartment in Frayser is University Gardens Manor which is listed at $659, while the average apartment in Frayser costs $995.

What types of apartments are the cheapest in Frayser?

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 95 regular apartments in Frayser 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 Frayser?

Cheap apartments in Frayser have an average cost of $527 which is $468 cheaper than the average rent for all rentals in Frayser.

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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