Cheap Apartments for Rent in the Frayser Neighborhood of Memphis, TN from $350 (58 Rentals)

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

property at 2336 Norman Ave
$595
2 Bedroom Rentals
Available Now
Affordability

2336 Norman Ave

MemphisTN38108

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

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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

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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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
property at 820 Maury St
$690
1 Bedroom Rentals
Available Now
Affordability

820 Maury St

MemphisTN38107

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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The Kendall
2 Bedroom Apartments

The Kendall

1018 N 7th StMemphis, TN 38107

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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Frayser, Memphis, TN Local Guide

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. Renaissance at Steele has the second lowest priced unit, which is a 1 Bed apartment currently listed from $660. Here are the most affordable Frayser apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
University Gardens Manor2x1 Classic2BR, 1BA$659
Renaissance at Steele1 bedroom1BR, 1BA$660
Greenlaw Apartments2 bedroom x 1 bath2BR, 1BA$725
Watkins Manor1 Bed, 1 bath1BR, 1BA$850
Bickford Square Apartments2BR/2BA2BR, 2BA$895
Woodglen VillageTwo Bedroom One Bathroom2BR, 1BA$970

Best Value Apartments for Rent in Frayser, TN

As of September 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 Downtown Memphis neighborhood starting from $895. The second greatest value Frayser apartment is the Two Bedroom One Bathroom Model at Woodglen Village in the Frayser neighborhood starting at $970 with a $1.09 price per square foot. 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
Woodglen VillageTwo Bedroom One Bathroom2BR, 1BA$1.09
Greenlaw Apartments2 bedroom x 1 bath2BR, 1BA$0.85
University Gardens ManorGold unit 11BR, 1BA$1.23
Watkins Manor1 Bed, 1 bath1BR, 1BA$1.49
Renaissance at Steele1 bedroom1BR, 1.5BA$1.27

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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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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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
Frayser, Memphis, TN

Ranked #93

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 $709.

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 73 regular apartments in Frayser that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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