Cheap Apartments for Rent in the Hollywood Neighborhood of Memphis, TN from $300 (23 Rentals)

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

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The Drew
$800 - $9501 to 2 Bedroom Apartments Available Now

The Drew

1060 Merriwether AveMemphis, TN 38105
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Watkins Manor
1 Bedroom Apartments

Watkins Manor

2643 N Watkins StMemphis, TN 38127
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2238 Howell Ave
1 to 2 Bedroom Apartments

2238 Howell Ave

2238 Howell AveMemphis, TN 38108
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2086 Hubert Ave
2 Bedroom Apartments

2086 Hubert Ave

2086 Hubert AveMemphis, TN 38108
Showing Results 1-23, Page 1 of 1

Hollywood, Memphis, TN Local Guide

Cheapest Available Hollywood Apartments for Rent

 

The cheapest available apartment rental in the Hollywood area of Memphis, TN is a 1 Bed unit found at Renaissance at Steele priced from $660. University Gardens Manor has the second lowest priced unit, which is a 2 Beds apartment currently listed from $709. Here are the most affordable Hollywood apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Renaissance at Steele1 bedroom1BR,1BA$660
University Gardens Manor2x1 Classic2BR,1BA$709
Overton PlaceStudioStudio,1BA$725
Springdale Creek Apartments1 Bedroom1BR,1BA$725
Rangepark Apartments2x22BR,2BA$750

Best Value Apartments for Rent in Hollywood, TN

As of August 28, 2025 the best value apartment in the Hollywood area is the $0.89 price per square foot Spacious Model at 1468 Snowden Ave in the in the Midtown Memphis neighborhood starting from $1,500. The second greatest value Hollywood apartment is the Red Oak Model at At The Park Apartments starting at $1,649 with a $1.53 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for Hollywood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1468 Snowden AveSpacious2BR,1.5BA$0.89
At The Park ApartmentsRed Oak2BR,2BA$1.53
Rangepark Apartments2x22BR,2BA$0.88
The Galloway @ EvergreenThe Evergreen2BR,1.5BA$1.25
Scenic Hills Apartments1 Bedroom1BR,1BA$1.03
University Gardens ManorGold Unit2BR,1BA$1.19
Springdale Creek Apartments1 Bedroom1BR,1BA$1.04
Love Midtown Apartments1 Bed 1 Bath1BR,1BA$1.37
Renaissance at Steele1 bedroom1BR,1.5BA$1.27
Overton PlaceStudioStudio ,1BA$1.42

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Hollywood, Memphis, TN

Ranked #60

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 a cheap apartment in Hollywood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Hollywood is under $950.

What is the price of a cheap apartment in Hollywood?

The cheapest apartment in Hollywood is Renaissance at Steele which is listed at $660, while the average apartment in Hollywood costs $4,500.

What types of apartments are the cheapest in Hollywood?

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 63 regular apartments in Hollywood 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 Hollywood?

Cheap apartments in Hollywood have an average cost of $744 which is $3,756 cheaper than the average rent for all rentals in Hollywood.

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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.

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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.