
Cheap Homes for Rent in Hyde Park Neighborhood of Memphis, TN from $500 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Hyde Park area of Memphis.


2367 Hubbard Ave

1766 Eldridge Ave

984 University St

1742 Brown Ave
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1740 Brown Ave

2655 Whitman Ave

1078 N Evergreen St

1080 N Evergreen St

528 E Pkwy N, Unit 15
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1785 Marble Ave

2071 Hubert Ave

2271 Hunter Ave

1026 Harrison St

2401 Shasta Ave
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Hyde Park, Memphis, TN Local Guide

How much does it cost to rent a home in Hyde Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Hyde Park 2 Bedroom Homes for Rent | $999 | $675 | $1,350 |
| Hyde Park 3 Bedroom Homes for Rent | $1,410 | $950 | $2,290 |
| Hyde Park 4 Bedroom Homes for Rent | $1,758 | $795 | $3,950 |
| Hyde Park 5 Bedroom Homes for Rent | $1,861 | $1,250 | $3,150 |
| Hyde Park 6 Bedroom Homes for Rent | $3,400 | $3,400 | $3,400 |
Browse Homes for Rent in this Neighborhood
There are currently 15 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 November 27, 2025 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 $699 with a $1.00 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 | $1.00 |
| Parkway Place Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.46 |
| Love Midtown Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.37 |
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Where do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Read ArticleQuick 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.
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
Frequently Asked Questions about Hyde Park
What type of rentals are currently available in Hyde Park?
There are currently 35 Apartments for Rent in Hyde Park, TN with pricing that ranges from $659 to $4,986. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hyde Park ranging from $525 to $3,950.
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 $525 to $3,950 with an average monthly rent of $1,692.
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 $850 to $850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $2,290. Four Bedroom Single-Family rentals are also available starting from $795 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.

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.