Cheap Homes for Rent in Frayser Neighborhood of Memphis, TN from $600 (35 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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

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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 Renaissance at Steele priced from $660. Greenlaw Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $795. Here are the most affordable Frayser apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Renaissance at Steele1 bedroom1BR,1BA$660
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$795
The Kendall2BR/1.0BA2BR,1BA$813
Love Midtown Apartments1 Bed 1 Bath1BR,1BA$890
Bickford Square Apartments2BR/2BA2BR,2BA$895
University Gardens ManorGold Unit2BR,1BA$920
Woodglen VillageTwo Bedroom One Bathroom2BR,1BA$970
The Metropolitan and Greenlaw Place ApartmentsMetropolitan Two Bedroom2BR,2BA$1,000

Best Value Apartments for Rent in Frayser, TN

As of June 29, 2025 the best value apartment in the Frayser area is the $0.88 price per square foot Metropolitan Two Bedroom Model at The Metropolitan and Greenlaw Place Apartments in the in the Downtown Memphis neighborhood starting from $1,000. The second greatest value Frayser apartment is the 2BR/2BA Model at Bickford Square Apartments starting at $895 with a $0.84 price per square foot in the Downtown 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.
The Metropolitan and Greenlaw Place ApartmentsMetropolitan Two Bedroom2BR,2BA$0.88
Bickford Square Apartments2BR/2BA2BR,2BA$0.84
Woodglen VillageTwo Bedroom One Bathroom2BR,1BA$1.09
University Gardens ManorGold Unit2BR,1BA$1.19
The Kendall2BR/1.0BA2BR,1BA$1.22
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$1.22
Love Midtown Apartments1 Bed 1 Bath1BR,1BA$1.37
Renaissance at Steele1 bedroom1BR,1.5BA$1.27

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Frequently Asked Questions about Frayser

What type of rentals are currently available in Frayser?

There are currently 103 Apartments for Rent in Frayser, TN with pricing that ranges from $660 to $1,000. There are also 87 Single Family Homes for rent, Condos, and Townhome rentals currently available in Frayser ranging from $650 to $1,950.

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 $650 to $1,950 with an average monthly rent of $1,092.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.