Cheap Homes for Rent in Hyde Park Neighborhood of Memphis, TN from $700 (10 Rentals)

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

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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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.

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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. The Gilmore Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $765. Here are the most affordable Hyde Park apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Springdale Creek Apartments1 Bedroom1BR,1BA$725
The Gilmore ApartmentsStudio-AvailableStudio,1BA$765
Parkway Place ApartmentsStudioStudio,1BA$850

Best Value Apartments for Rent in Hyde Park, TN

As of June 03, 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 $1,250 with a $1.56 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 @ Evergreen -The Evergreen2BR,1.5BA$1.56
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 ApartmentsA11BR,1BA$2.28
Park TerraceStudioStudio ,1BA$1.79
Art Lofts @ OvertonS4Studio ,1BA$2.67
Kings Reserve MemphisPeabodyStudio ,1BA$2.52

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Frequently Asked Questions about Hyde Park

What type of rentals are currently available in Hyde Park?

There are currently 42 Apartments for Rent in Hyde Park, TN with pricing that ranges from $709 to $4,097. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hyde Park ranging from $750 to $2,600.

What is the current price range for Rental Homes in Hyde Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Hyde Park ranges from $750 to $2,600 with an average monthly rent of $1,487.

How much are larger Three and Four Bedroom Rentals in Hyde Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Hyde Park range from $940 to $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $1,950. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $1,100.

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.