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Cheap Apartments for Rent in the Hollywood Neighborhood of Memphis, TN from $500 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Hollywood area of Memphis.
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$659 - $9201 to 2 Bedroom Apartments Available Now
University Gardens Manor
2059 N Cabana CirMemphis, TN 38107
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$660 - $8801 to 3 Bedroom Apartments Available Now
Renaissance at Steele
1441 Renaissance DrMemphis, TN 38127
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Rent Specials
$679 - $7491 to 2 Bedroom Apartments Available Now
Scenic Hills Apartments
3108 New Allen RdMemphis, TN 38128
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$699 - $1,1001 to 4 Bedroom Apartments Available Now
Springdale Creek Apartments
831 Springdale Run DrMemphis, TN 38108
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$725 - $1,650Studio to 3 Bedroom Apartments Available Now
Kings Reserve Memphis
1550 N ParkwayMemphis, TN 38112
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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$725 - $875Studio to 2 Bedroom Apartments Available Now
Overton Place
1214 Overton Park AveMemphis, TN 38104
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$750 - $9252 Bedroom Apartments Available Now
Rangepark Apartments
3401 Range Line RdMemphis, TN 38127
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$821 - $3,357Studio to 2 Bedroom Apartments Available Now
Link Apartments® Broad Ave
2540 Broad AveMemphis, TN 38112
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$850 - $1,095Studio to 2 Bedroom Apartments Available Now
Parkway Place Apartments
2342-2352 Parkway PlMemphis, TN 38112
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$890 - $9901 to 2 Bedroom Apartments Available Now
Love Midtown Apartments
1188 Tunica StMemphis, TN 38108
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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2367 Hubbard Ave
MemphisTN38108
1290 N McNeil St
MemphisTN38108
1614 Oakwood St
MemphisTN38108
2156 Stovall Ave
MemphisTN38108
Affordable Memphis: The Best Neighborhoods with Character and Lower Rents
Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.
Showing Results 1-18, Page 1 of 1
Hollywood, Memphis, TN Local Guide
How much does it cost to rent an apartment in Hollywood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Hollywood Studio Apartments | $828 | $725 | $900 |
| Hollywood 1 Bedroom Apartments | $1,071 | $595 | $2,073 |
| Hollywood 2 Bedroom Apartments | $1,170 | $659 | $2,392 |
| Hollywood 3 Bedroom Apartments | $1,117 | $850 | $1,375 |
| Hollywood 4 Bedroom Apartments | $3,276 | $1,100 | $4,669 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Hollywood Neighborhood of Memphis, TN.
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Hollywood, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
- Nearby Cities
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- Local Counties
Cheapest Available Hollywood Apartments for Rent
The cheapest available apartment rental in the Hollywood 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 Hollywood apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Gardens Manor | 2x1 Classic | 2BR,1BA | $659 |
| Renaissance at Steele | 1 bedroom | 1BR,1BA | $660 |
| Scenic Hills Apartments | 1 Bedroom | 1BR,1BA | $679 |
| Springdale Creek Apartments | 1 Bedroom | 1BR,1BA | $699 |
| Overton Place | Studio | Studio,1BA | $725 |
Best Value Apartments for Rent in Hollywood, TN
As of November 28, 2025 the best value apartment in the Hollywood area is the $0.88 price per square foot 2 Bedroom Flat Model at Scenic Hills Apartments in the in the Raleigh neighborhood starting from $749. The second greatest value Hollywood apartment is the 2x2 Model at Rangepark Apartments starting at $750 with a $0.88 price per square foot in the Frayser neighborhood. Here is today’s list of the best values for Hollywood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Scenic Hills Apartments | 2 Bedroom Flat | 2BR,1BA | $0.88 |
| Rangepark Apartments | 2x2 | 2BR,2BA | $0.88 |
| The Galloway @ Evergreen | The Evergreen | 2BR,1.5BA | $1.25 |
| University Gardens Manor | Gold Unit | 2BR,1BA | $1.19 |
| Springdale Creek Apartments | 1 Bedroom | 1BR,1BA | $1.00 |
| The Drew | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.14 |
| Parkway Place Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.46 |
| Love Midtown Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.37 |
| Renaissance at Steele | 1 bedroom | 1BR,1.5BA | $1.27 |
| Overton Place | Studio | Studio ,1BA | $1.42 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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Pet Friendly LifestyleHollywood, Memphis, TN
Ranked #58
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Hollywood Neighborhood in Memphis, TN
Walk Score®
35 / 100
Car-Dependent
Most errands require a car
Bike Score®
51 / 100
Bikeable
Some bike infrastructure
Transit Score®
31 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Hollywood Apartments
What is the Cheapest Studio apartment in Hollywood?
Currently the most affordable Cheap Studio Apartment in Hollywood is at Overton Place listed at $725.
How much is rent for a Cheap One Bedroom Hollywood Apartment?
The lowest price for a Cheap One Bedroom Hollywood Apartment is $659 at University Gardens Manor.
What is the lowest price for a Cheap Two Bedroom Hollywood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Hollywood is starting from $659 at University Gardens Manor.
What is the most affordable Hollywood Three Bedroom Apartment?
The best deal on a cheap Hollywood Three Bedroom Apartment rental is at Springdale Creek Apartments and starts from $850.
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.
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.