Cheap Apartments for Rent in the Greenbelt Park Lagoon Neighborhood of Memphis, TN from $600 (20 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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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699 N 5th St, Unit 2
$1,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100
1 Bedroom Apartment Available Jun 15

699 N 5th St, Unit 2

699 N 5th StMemphis, TN 38107
Furnished
  • Smoke Free
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Riverset Apartments
Rent Specials
$1,131 - $2,601
Total Monthly Price

Total Monthly Price

Base Rent
$1,131 - $2,601

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Riverset Apartments

100 Riverset LnMemphis, TN 38103
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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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April Woods
2 to 3 Bedroom Apartments

April Woods

262 Chelsea AveMemphis, TN 38107
  • Utilities Included
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1018 N 7th St
2 Bedroom Apartments

1018 N 7th St

1018 N 7th StMemphis, TN 38107
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Looney Apartments
2 Bedroom Apartments

Looney Apartments

693 Looney AveMemphis, TN 38107
  • Smoke Free
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Uptown Flats
1 to 3 Bedroom Apartments

Uptown Flats

627 N Main StMemphis, TN 38107
  • Utilities Included

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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Burkle and Main
2 to 4 Bedroom Apartments

Burkle and Main

812 N Main StMemphis, TN 38107

Greenbelt Park Lagoon, Memphis, TN Local Guide

Cheapest Available Greenbelt Park Lagoon Apartments for Rent

 

The cheapest available apartment rental in the Greenbelt Park Lagoon area of Memphis, TN is a 2 Beds unit found at Greenlaw Apartments priced from $750. 1018 N 7th St has the second lowest priced unit, which is a 2 Beds apartment currently listed from $799. Here are the most affordable Greenbelt Park Lagoon apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$750
1018 N 7th St2BR/1.0BA2BR,1BA$799
Bickford Square Apartments2BR/2BA2BR,2BA$895
Conwood Flats Apartment HomesS10 Studio1BR,1BA$935
Uptown Flats1-B1BR,1BA$973

Best Value Apartments for Rent in Greenbelt Park Lagoon, TN

As of June 11, 2026 the best value apartment in the Greenbelt Park Lagoon area is the $1.72 price per square foot Two Bedroom Model at Harbor Island Apartments in the in the Downtown Memphis neighborhood starting from $2,033. The second greatest value Greenbelt Park Lagoon 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 Greenbelt Park Lagoon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Harbor Island ApartmentsTwo Bedroom2BR,2BA$1.72
Bickford Square Apartments2BR/2BA2BR,2BA$0.84
Arbors Harbor TownCedar - Renovated1BR,1BA$2.07
1018 N 7th St2BR/1.0BA2BR,1BA$1.20
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$1.15
Riverset ApartmentsA1 - Elm1BR,1BA$1.83
Harbor Side at Conwood Flats ApartmentsS11BR,1BA$2.16
592 N 3rd St, Unit 592 N. Third ST592 N 3rd St1BR,1BA$1.33
Conwood Flats Apartment HomesS10 Studio1BR,1BA$2.26

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
Greenbelt Park Lagoon, Memphis, TN

Ranked #67

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Lifestyle Ratings

Our team compares millions of points of data to bring you Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Tennessee, including Memphis. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, pet-friendly features, apartment communities for the kids, proximity to transit, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Greenbelt Park Lagoon Apartments

What is the price of a cheap apartment in Greenbelt Park Lagoon?

The cheapest apartment in Greenbelt Park Lagoon is Conwood Flats Apartment Homes which is listed at $935, while the average apartment in Greenbelt Park Lagoon costs $2,127.

What types of apartments are the cheapest in Greenbelt Park Lagoon?

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 56 regular apartments in Greenbelt Park Lagoon 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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