Cheap Apartments for Rent in the Greenbelt Park Lagoon Neighborhood of Memphis, TN from $600 (17 Rentals)

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

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Riverset Apartments
Rent Specials
$1,111 - $2,456
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$1,111 - $2,456

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1 to 2 Bedroom Apartments Available Now

Riverset Apartments

100 Riverset LnMemphis, TN 38103
Corporate Housing
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  • Utilities Included

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April Woods
2 to 3 Bedroom Apartments

April Woods

262 Chelsea AveMemphis, TN 38107
  • Utilities Included

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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The Kendall
2 Bedroom Apartments

The Kendall

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

Looney Apartments

693 Looney AveMemphis, TN 38107
  • Smoke Free

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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Uptown Flats
1 to 3 Bedroom Apartments

Uptown Flats

627 N Main StMemphis, TN 38107
  • Utilities Included
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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. Bickford Square Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $895. 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
Bickford Square Apartments2BR/2BA2BR,2BA$895
Harbor Side at Conwood Flats ApartmentsS51BR,1BA$1,005
Riverset ApartmentsA1 - Elm1BR,1BA$1,136
Arbors Harbor TownHibiscus - Renovated1BR,1BA$1,437

Best Value Apartments for Rent in Greenbelt Park Lagoon, TN

As of July 26, 2026 the best value apartment in the Greenbelt Park Lagoon area is the $1.48 price per square foot C1 Model at The Estates at River Pointe in the in the Downtown Memphis neighborhood starting from $2,027. The second greatest value Greenbelt Park Lagoon apartment is the B4 (2x2 Harbor Town) Model at Island Park/Harbor Town Square starting at $1,773 with a $1.44 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.
The Estates at River PointeC13BR,2BA$1.48
Island Park/Harbor Town SquareB4 (2x2 Harbor Town)2BR,2BA$1.44
Bickford Square Apartments2BR/2BA2BR,2BA$0.84
Conwood Flats Apartment HomesA101BR,1BA$2.00
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$1.15
Riverset ApartmentsA1 - Elm1BR,1BA$1.80
Arbors Harbor TownHibiscus - Renovated1BR,1BA$2.28
Harbor Side at Conwood Flats ApartmentsS11BR,1BA$2.16

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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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 Harbor Side at Conwood Flats Apartments which is listed at $1,005, while the average apartment in Greenbelt Park Lagoon costs $2,175.

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 57 regular apartments in Greenbelt Park Lagoon that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Greenbelt Park Lagoon?

Cheap apartments in Greenbelt Park Lagoon have an average cost of $864 which is $1,311 cheaper than the average rent for all rentals in Greenbelt Park Lagoon.

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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