
Cheap Apartments for Rent in the Hyde Park Neighborhood of Memphis, TN from $500 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Hyde Park area of Memphis.


Parkway Place Apartments

Springdale Creek Apartments

Total Monthly Price
1742 N Parkway, Unit Rear

2086 Hubert Ave

1178 N Evergreen St

Tutwiler Court
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The Altana

910 N Hollywood St

Love Midtown Apartments

2238 Howell Ave

Cypress Gardens Apartments

Cypress Court

528 E Parkway N
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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 | $799 | $749 | $850 |
| Hyde Park 1 Bedroom Apartments | $758 | $625 | $925 |
| Hyde Park 2 Bedroom Apartments | $736 | $650 | $1,195 |
| Hyde Park 3 Bedroom Apartments | $800 | $800 | $800 |
| Hyde Park 4 Bedroom Apartments | $3,925 | $900 | $6,951 |
Browse Apartments in this Neighborhood
There are currently 14 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
 The cheapest available apartment rental in the Hyde Park area of Memphis, TN is a 1 Bed unit found at Springdale Creek Apartments priced from $625. University Gardens Manor has the second lowest priced unit, which is a 2 Beds apartment currently listed from $659. Here are the most affordable Hyde Park apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Springdale Creek Apartments | 1 Bedroom | 1BR,1BA | $625 |
| 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 March 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 1 Bedroom Model at Springdale Creek Apartments starting at $625 with a $0.89 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 |
| Springdale Creek Apartments | 1 Bedroom | 1BR,1BA | $0.89 |
| Parkway Place Apartments | Studio | Studio ,1BA | $1.42 |
| 1742 N Parkway, Unit Rear | 1742 N Parkway | Studio ,1BA | $1.94 |
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 Springdale Creek Apartments which is listed at $625, while the average apartment in Hyde Park costs $3,948.
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 37 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.
Articles, How-To's, and Tips

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