Cheap Apartments for Rent in the Hyde Park Neighborhood of Memphis, TN from $500 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Hyde Park area of Memphis.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Hyde Park, Memphis, TN Local Guide

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 $725. Parkway Place Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here are the most affordable Hyde Park apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Springdale Creek Apartments1 Bedroom1BR,1BA$725
Parkway Place ApartmentsStudioStudio,1BA$850
Park TerraceStudioStudio,1BA$850
The Gilmore ApartmentsLarge Studio- AvailableStudio,1BA$865
Love Midtown Apartments1 Bed 1 Bath1BR,1BA$890

Best Value Apartments for Rent in Hyde Park, TN

As of June 11, 2025 the best value apartment in the Hyde Park area is the $1.56 price per square foot 3 bedroom x bath with office Model at Barksdale Flats in the in the East Memphis neighborhood starting from $2,500. The second greatest value Hyde Park apartment is the The Evergreen Model at The Galloway @ Evergreen starting at $1,150 with a $1.44 price per square foot in the Midtown Memphis neighborhood. Here is today’s list of the best values for Hyde Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Barksdale Flats3 bedroom x bath with office3BR,2BA$1.56
The Galloway @ EvergreenThe Evergreen2BR,1.5BA$1.44
University Gardens ManorGold Unit2BR,1BA$1.19
Springdale Creek Apartments1 Bedroom1BR,1BA$1.04
Parkway Place ApartmentsTwo Bedroom2BR,1BA$1.56
Love Midtown Apartments1 Bed 1 Bath1BR,1BA$1.37
The Citizen ApartmentsA21BR,1BA$2.40
Park TerraceStudioStudio ,1BA$1.79
The Gilmore ApartmentsLarge Studio- AvailableStudio ,1BA$1.88
Kings Reserve MemphisPeabodyStudio ,1BA$2.52

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Pet Friendly Lifestyle
Hyde Park, Memphis, TN

Ranked #65

Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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

Frequently Asked Questions about Cheap Hyde Park Apartments

What is the Cheapest Studio apartment in Hyde Park?

Currently the most affordable Cheap Studio Apartment in Hyde Park is at Parkway Place Apartments listed at $850.

How much is rent for a Cheap One Bedroom Hyde Park Apartment?

The lowest price for a Cheap One Bedroom Hyde Park Apartment is $725 at Springdale Creek Apartments.

What is the lowest price for a Cheap Two Bedroom Hyde Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Hyde Park is starting from $850 at Springdale Creek Apartments.

What is the most affordable Hyde Park Three Bedroom Apartment?

The best deal on a cheap Hyde Park Three Bedroom Apartment rental is at Springdale Creek Apartments and starts from $940.

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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.