Cheap Homes for Rent in the Frayser Neighborhood of Memphis, TN from $500 (25 Rentals)

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

property at 820 Maury St

$725

1 Bedroom Rentals

Available Now

820 Maury St

MemphisTN38107

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

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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 1 Bed unit found at Watkins Manor priced from $350. University Gardens Manor has the second lowest priced unit, which is a 2 Beds apartment currently listed from $659. Here are the most affordable Frayser apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Watkins Manor1 Bed, 1 bath1BR,1BA$350
University Gardens Manor2x1 Classic2BR,1BA$659
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$750
1716 DuPont Ave2 Bed 1 Bed2BR,1BA$850
Bickford Square Apartments2BR/2BA2BR,2BA$895

Best Value Apartments for Rent in Frayser, TN

As of July 24, 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
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$1.15
1716 DuPont Ave2 Bed 1 Bed2BR,1BA$1.48
Watkins Manor1 Bed, 1 bath1BR,1BA$0.61

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
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 Frayser

What type of rentals are currently available in Frayser?

There are currently 111 Apartments for Rent in Frayser, TN with pricing that ranges from $350 to $1,350. There are also 95 Single Family Homes for rent, Condos, and Townhome rentals currently available in Frayser ranging from $595 to $2,800.

What is the current price range for Rental Homes in Frayser?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Frayser ranges from $595 to $2,800 with an average monthly rent of $1,151.

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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