Cheap Homes for Rent in Hyde Park Neighborhood of Memphis, TN from $400 (10 Rentals)

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

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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 2 Beds unit found at University Gardens Manor priced from $709. Springdale Creek Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here are the most affordable Hyde Park apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
University Gardens Manor2x1 Classic2BR,1BA$709
Springdale Creek Apartments1 Bedroom1BR,1BA$725
Love Midtown Apartments1 Bed 1 Bath1BR,1BA$890

Best Value Apartments for Rent in Hyde Park, TN

As of September 15, 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 $725 with a $1.04 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 ListingModel NameBed/BathPrice Per Sq.Ft.
University Gardens ManorGold Unit2BR,1BA$1.19
Springdale Creek Apartments1 Bedroom1BR,1BA$1.04
Parkway Place Apartments1 Bed, 1 bath1BR,1BA$1.46
Love Midtown Apartments1 Bed 1 Bath1BR,1BA$1.37
1742 N Parkway, Unit Rear1742 N ParkwayStudio ,1BA$2.31

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Hyde Park, Memphis, TN

Ranked #82

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 $709 to $4,500. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hyde Park ranging from $450 to $3,400.

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 $450 to $3,400 with an average monthly rent of $1,942.

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 $975, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $2,290. Four Bedroom Single-Family rentals are also available starting from $895 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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.