
Cheap Apartments for Rent in the Hyde Park Neighborhood of Memphis, TN from $500 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Hyde Park area of Memphis.


Parkway Place Apartments

Love Midtown Apartments

Springdale Creek Apartments
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Hyde Park, Memphis, TN Local Guide

How much does it cost to rent an apartment in Hyde Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent | 
|---|---|---|---|
| Hyde Park Studio Apartments | $895 | $895 | $895 | 
| Hyde Park 1 Bedroom Apartments | $754 | $659 | $950 | 
| Hyde Park 2 Bedroom Apartments | $734 | $659 | $1,095 | 
| Hyde Park 3 Bedroom Apartments | $850 | $850 | $850 | 
| Hyde Park 4 Bedroom Apartments | $1,100 | $1,100 | $1,100 | 
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 1 mile radius of the Hyde Park Neighborhood of Memphis, TN.
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Hyde Park, Memphis, TN Local Guide
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Cheapest Available Hyde Park Apartments for Rent
 The cheapest available apartment rental in the Hyde Park area of Memphis, TN is a 2 Beds unit found at University Gardens Manor priced from $659. Springdale Creek Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Hyde Park apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From | 
|---|---|---|---|
| University Gardens Manor | 2x1 Classic | 2BR,1BA | $659 | 
| Springdale Creek Apartments | 1 Bedroom | 1BR,1BA | $699 | 
| Parkway Place Apartments | Studio | Studio,1BA | $850 | 
| Love Midtown Apartments | 1 Bed 1 Bath | 1BR,1BA | $890 | 
Best Value Apartments for Rent in Hyde Park, TN
As of October 31, 2025 the best value apartment in the Hyde Park area is the $1.00 price per square foot 1 Bedroom Model at Springdale Creek Apartments in the in the East Memphis neighborhood starting from $699. The second greatest value Hyde Park apartment is the 1 Bed, 1 bath Model at Parkway Place Apartments starting at $950 with a $1.46 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for Hyde Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. | 
|---|---|---|---|
| Springdale Creek Apartments | 1 Bedroom | 1BR,1BA | $1.00 | 
| Parkway Place Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.46 | 
| Love Midtown Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.37 | 
| University Gardens Manor | 1x1 Classic | 1BR,1BA | $1.07 | 
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleQuick Rent Budget Calculator
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Pet Friendly LifestyleHyde Park, Memphis, TN
Ranked #82
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Hyde Park Neighborhood in Memphis, TN
Walk Score®
45 / 100
Car-Dependent
Most errands require a car
Bike Score®
54 / 100
Bikeable
Some bike infrastructure
Transit Score®
32 / 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 Hyde Park Apartments
What is the price of a cheap apartment in Hyde Park?
The cheapest apartment in Hyde Park is University Gardens Manor which is listed at $659, while the average apartment in Hyde Park costs $1,100.
What types of apartments are the cheapest in Hyde Park?
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 47 regular apartments in Hyde Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.








