Cheap Apartments for Rent in the Jackson Neighborhood of Memphis, TN from $500 (57 Rentals)

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

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Campus View
1 to 2 Bedroom Apartments

Campus View

3606 Walker AveMemphis, TN 38111
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Cherry Gardens
2 to 3 Bedroom Apartments

Cherry Gardens

4350 Dunn RdMemphis, TN 38111
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Serenity at Highland
Studio to 1 Bedroom Apartments

Serenity at Highland

400 S Highland StMemphis, TN 38111
Senior Living
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Rhodes Townhomes
2 Bedroom Apartments

Rhodes Townhomes

3640 Rhodes AveMemphis, TN 38111
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Brister Place
1 to 2 Bedroom Apartments

Brister Place

625 Brister StMemphis, TN 38111
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The Embassy Apartments
Studio to 3 Bedroom Apartments

The Embassy Apartments

505 S Perkins RdMemphis, TN 38117
  • Utilities Included

Affordable Memphis: The Best Neighborhoods with Character and Lower Rents

Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.

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Tiger Flats
1 to 2 Bedroom Apartments

Tiger Flats

650 Minor RdMemphis, TN 38111
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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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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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Jackson, Memphis, TN Local Guide

Cheapest Available Jackson Apartments for Rent

 

The cheapest available apartment rental in the Jackson area of Memphis, TN is a 4 Beds unit found at Yugo Memphis Southern priced from $599. Thompson Heights has the second lowest priced unit, which is a 2 Beds apartment currently listed from $650. Here are the most affordable Jackson apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Yugo Memphis Southern4 Bed, 4 Bath Classic4BR,4BA$599
Thompson HeightsAmazing Unit2BR,1BA$650
Audubon Park PlaceStudio/1BAStudio,1BA$745
Cherry Creek Apartments1 Bedroom, 1 Bath1BR,1BA$775
Woodtrail Apartment1/11BR,1BA$850
Den Apartments1 BR1BR,1BA$895
Imperial Arms ApartmentsImperial Arms2BR,1BA$895
The Tower at Kent1 Bedroom / 1 Bathroom Silver1BR,1BA$970
Monarch on HighlandMHLA11BR,1BA$999
Element Apartments at HighlandStudioStudio,1BA$1,015

Best Value Apartments for Rent in Jackson, TN

As of January 27, 2026 the best value apartment in the Jackson area is the $0.38 price per square foot Entire home 4 Bedrooms 4 Baths Model at Student Lofts at Brister in the in the East Memphis neighborhood starting from $695. The second greatest value Jackson apartment is the The Overton Model at MAA Park Estate starting at $1,498 with a $1.15 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for Jackson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Student Lofts at BristerEntire home 4 Bedrooms 4 Baths1BR,1BA$0.38
MAA Park EstateThe Overton2BR,2BA$1.15
Sherwood FlatsSpacious 3-Bedroom Apartment with In-Unit Washe...3BR,2BA$1.04
Imperial Arms ApartmentsImperial Arms2BR,1BA$0.97
The Nine2Bed / 2Bath A2BR,2BA$1.13
Woodtrail Apartment1/11BR,1BA$1.06
Thompson HeightsAmazing Unit2BR,1BA$0.81
Yugo Memphis Southern2 Bed, 2 Bath Plus2BR,2BA$1.14
The Tower at Kent1 Bedroom / 1 Bathroom Platinum1BR,1BA$1.63
Cherry Creek Apartments1 Bedroom, 1 Bath1BR,1BA$1.41

College Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive

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!

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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Pet Friendly Lifestyle
Jackson, Memphis, TN

Ranked #87

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 Cheap Jackson Apartments

What is a cheap apartment in Jackson?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Jackson is under $1,015.

What is the price of a cheap apartment in Jackson?

The cheapest apartment in Jackson is Cherry Creek Apartments which is listed at $775, while the average apartment in Jackson costs $1,448.

What types of apartments are the cheapest in Jackson?

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 31 regular apartments in Jackson that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Jackson?

Cheap apartments in Jackson have an average cost of $497 which is $951 cheaper than the average rent for all rentals in Jackson.

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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Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.