Cheap Homes for Rent in Frayser Neighborhood of Memphis, TN from $500 (29 Rentals)

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

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Showing Results 1-29, Page 1 of 1

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$750
The Kendall2BR/1.0BA2BR,1BA$815
Bickford Square Apartments2BR/2BA2BR,2BA$895

Best Value Apartments for Rent in Frayser, TN

As of January 21, 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$1.22
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$1.15
Renaissance at Steele1 bedroom1BR,1.5BA$1.27
699 N 5th St, Unit 2699 N 5th St1BR,1BA$2.31

Frequently Asked Questions about Frayser

What type of rentals are currently available in Frayser?

There are currently 107 Apartments for Rent in Frayser, TN with pricing that ranges from $510 to $1,200. There are also 133 Single Family Homes for rent, Condos, and Townhome rentals currently available in Frayser ranging from $595 to $2,350.

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 $2,350 with an average monthly rent of $1,261.

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.

Articles, How-To's, and Tips

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Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

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

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.