
Cheap Apartments for Rent in the Hollywood Neighborhood of Memphis, TN from $300 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Hollywood area of Memphis.


1591 Locust St

University Gardens Manor

Renaissance at Steele

Springdale Creek Apartments

1353 Fairfax St
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Overton Place

2565 Peres Ave

2336 Norman Ave

The Drew

Kings Reserve Memphis

Cavelier Court Apartments
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1445 Britton St

2086 Hubert Ave

1463 Boxwood St

2251 Stovall Ave

2196 Lyon Ave

2198 Lyon Ave
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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 | $1,011 | $850 | $1,090 |
| Hollywood 1 Bedroom Apartments | $1,101 | $350 | $1,967 |
| Hollywood 2 Bedroom Apartments | $927 | $659 | $2,407 |
| Hollywood 3 Bedroom Apartments | $1,231 | $880 | $1,800 |
| Hollywood 4 Bedroom Apartments | $1,095 | $1,095 | $1,095 |
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.
See all Apartments in MemphisExplore Memphis
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 Watkins Manor priced from $350. University Gardens Manor has the second lowest priced unit, which is a 2 Beds apartment currently listed from $659. Here are the most affordable Hollywood apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Watkins Manor | 1 Bed, 1 bath | 1BR,1BA | $350 |
| University Gardens Manor | 2x1 Classic | 2BR,1BA | $659 |
| The Drew | 1 Bedroom 1 Bathroom | 1BR,1BA | $800 |
| Overton Place | 2 Bedroom Gardens I | 2BR,1BA | $825 |
| 1716 DuPont Ave | 2 Bed 1 Bed | 2BR,1BA | $850 |
Best Value Apartments for Rent in Hollywood, TN
As of July 13, 2026 the best value apartment in the Hollywood area is the $0.86 price per square foot 431 N Evergreen St Model at 431 N Evergreen St, Unit 431 N. Evergreen St. in the in the East Memphis neighborhood starting from $1,800. The second greatest value Hollywood apartment is the 2 Bedroom Gardens I Model at Overton Place starting at $825 with a $0.92 price per square foot in the Medical District 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. |
|---|---|---|---|
| 431 N Evergreen St, Unit 431 N. Evergreen St. | 431 N Evergreen St | 3BR,2BA | $0.86 |
| Overton Place | 2 Bedroom Gardens I | 2BR,1BA | $0.92 |
| Brinkley | 1/1 | 1BR,1BA | $1.58 |
| Kings Reserve Memphis | Tutwiller | 2BR,1BA | $1.39 |
| University Gardens Manor | Gold Unit | 2BR,1BA | $1.19 |
| The Drew | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.14 |
| The Galloway @ Evergreen | 2 Beds, 1 bath | 2BR,1BA | $1.67 |
| Parkway Place Apartments | Studio | Studio ,1BA | $1.42 |
| 1716 DuPont Ave | 2 Bed 1 Bed | 2BR,1BA | $1.48 |
| Watkins Manor | 1 Bed, 1 bath | 1BR,1BA | $0.61 |
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 $1,425.
What is the price of a cheap apartment in Hollywood?
The cheapest apartment in Hollywood is Watkins Manor which is listed at $350, while the average apartment in Hollywood costs $1,325.
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 102 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 $798 which is $527 cheaper than the average rent for all rentals in Hollywood.
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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