Cheap Apartments for Rent in the Jackson Neighborhood of Memphis, TN from $500 (41 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article
property at 3646 Spottswood Ave

$945

Total Monthly Price

Total Monthly Price

Base Rent
$945
Total Monthly Price
$945

2 Bedroom, 1 Bath Condo for Rent

Available Now

3646 Spottswood Ave

MemphisTN38111
close
View Me
Campus View
1 to 2 Bedroom Apartments

Campus View

3606 Walker AveMemphis, TN 38111
  • Utilities Included
close
View Me
Cherry Gardens
2 to 3 Bedroom Apartments

Cherry Gardens

4350 Dunn RdMemphis, TN 38111
  • Utilities Included

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.

Read Article
close
View Me
Thompson Heights
2 Bedroom Apartments

Thompson Heights

1566 Stribling StMemphis, TN 38111
  • Utilities Included
close
View Me
Serenity at Highland
Studio to 1 Bedroom Apartments

Serenity at Highland

400 S Highland StMemphis, TN 38111
Senior Living
  • Utilities Included
close
View Me
Rhodes Townhomes
2 Bedroom Apartments

Rhodes Townhomes

3640 Rhodes AveMemphis, TN 38111
  • Utilities Included

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.

Read Article
close
View Me
The Embassy Apartments
Studio to 3 Bedroom Apartments

The Embassy Apartments

505 S Perkins RdMemphis, TN 38117
  • Utilities Included
close
View Me
Tiger Flats
1 to 2 Bedroom Apartments

Tiger Flats

650 Minor RdMemphis, TN 38111
  • Utilities Included

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.

Read Article
close
View Me
611 Patterson
2 Bedroom Apartments

611 Patterson

611 Patterson StMemphis, TN 38111

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.

Read Article
Showing Results 1-41, Page 1 of 1

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. Monarch on Highland has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. 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
Monarch on HighlandMHLA11BR,1BA$600
Audubon Park PlaceStudioStudio,1BA$695
Cherry Creek Apartments1 Bedroom, 1 Bath1BR,1BA$750
Woodtrail Apartment1/11BR,1BA$795
Imperial Arms ApartmentsImperial Arms2BR,1BA$795
Southernwood Apartments1 BR/ 1 BA1BR,1BA$800
Brister Place Apartments2bedroom, 1bathroom2BR,1BA$875
The Tower at Kent1 Bedroom / 1 Bathroom1BR,1BA$875
Sherwood FlatsGrandes ofertas de mudanza 2/2 recamaras! Great...2BR,2BA$999

Best Value Apartments for Rent in Jackson, TN

As of May 08, 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 $1,603 with a $1.23 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$1.23
Sherwood FlatsGrandes ofertas de mudanza 2/2 recamaras! Great...2BR,2BA$0.95
Woodtrail Apartment2/1.52BR,1.5BA$1.03
Imperial Arms ApartmentsImperial Arms2BR,1BA$0.86
Brister Place Apartments2bedroom, 1bathroom2BR,1BA$1.03
The Nine at Memphis2Bed / 2Bath A2BR,2BA$0.97
Yugo Memphis Southern2 Bed, 2 Bath Plus2BR,2BA$1.14
Southernwood Apartments1 BR/ 1 BA1BR,1BA$1.02
Cherry Creek Apartments1 Bedroom, 1 Bath1BR,1BA$1.36

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!

Read Article
Decorative image

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.

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Jackson, Memphis, TN

Ranked #72

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

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 $999.

What is the price of a cheap apartment in Jackson?

The cheapest apartment in Jackson is Monarch on Highland which is listed at $600, while the average apartment in Jackson costs $1,311.

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 33 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 $442 which is $869 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

decorative image for Affordable Memphis: The Best Lower Priced Neighborhoods with Character article

Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.