Cheap Apartments for Rent in the Hollywood Neighborhood of Memphis, TN from $300 (24 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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Watkins Manor
1 to 3 Bedroom Apartments

Watkins Manor

2643 N Watkins StMemphis, TN 38127
  • Utilities Included
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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 1-24, 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. Springdale Creek Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Hollywood apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Renaissance at Steele1 bedroom1BR,1BA$660
Springdale Creek Apartments1 Bedroom1BR,1BA$699
University Gardens Manor2x1 Classic2BR,1BA$709
Kings Reserve MemphisPeabodyStudio,1BA$725
Overton PlaceStudioStudio,1BA$725

Best Value Apartments for Rent in Hollywood, TN

As of October 13, 2025 the best value apartment in the Hollywood area is the $1.05 price per square foot 2 Bedroom Flat Model at Scenic Hills Apartments in the in the Raleigh neighborhood starting from $899. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Scenic Hills Apartments2 Bedroom Flat2BR,1BA$1.05
Rangepark Apartments2x22BR,2BA$0.88
The Galloway @ EvergreenThe Evergreen2BR,1.5BA$1.25
University Gardens ManorGold Unit2BR,1BA$1.19
Springdale Creek Apartments1 Bedroom1BR,1BA$1.00
The Drew1 Bedroom 1 Bathroom1BR,1BA$1.14
Parkway Place Apartments1 Bed, 1 bath1BR,1BA$1.46
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 #57

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 $850.

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 $1,840.

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 59 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 $731 which is $1,109 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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.