
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

Springdale Creek Apartments

2086 Hubert Ave

1178 N Evergreen St

Tutwiler Court
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

The Altana

910 N Hollywood St

Love Midtown Apartments

2238 Howell Ave

Cypress Gardens Apartments

Cypress Court
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.

528 E Parkway N
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 | $850 | $850 | $850 |
| Hyde Park 1 Bedroom Apartments | $695 | $525 | $895 |
| Hyde Park 2 Bedroom Apartments | $742 | $659 | $920 |
| Hyde Park 3 Bedroom Apartments | $1,240 | $940 | $1,695 |
| Hyde Park 4 Bedroom Apartments | $1,095 | $1,095 | $1,095 |
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.
See all Apartments in MemphisExplore Memphis
Cheapest Available Hyde Park Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Gardens Manor | 2x1 Classic | 2BR,1BA | $659 |
| Parkway Place Apartments | Studio | Studio,1BA | $850 |
Best Value Apartments for Rent in Hyde Park, TN
As of June 13, 2026 the best value apartment in the Hyde Park area is the $1.19 price per square foot Gold Unit Model at University Gardens Manor in the in the East Memphis neighborhood starting from $920. The second greatest value Hyde Park apartment is the Studio Model at Parkway Place Apartments starting at $850 with a $1.42 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. |
|---|---|---|---|
| University Gardens Manor | Gold Unit | 2BR,1BA | $1.19 |
| Parkway Place Apartments | Studio | Studio ,1BA | $1.42 |
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 $1,495.
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 75 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
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.
Helpful Local Expert Guides

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

The Local Memphis Experts Guide to Renting Near the Citys Top Employers
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.

Memphis, Tennessee: A Local Experts Insider Guide to the Bluff City
Written by: Joshua Carlucci
Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.
Articles, How-To's, and Tips

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.