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

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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.

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Campus View
1 to 2 Bedroom Apartments

Campus View

3606 Walker AveMemphis, TN 38111
  • Utilities Included
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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.

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Thompson Heights
2 Bedroom Apartments

Thompson Heights

1566 Stribling StMemphis, TN 38111
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3969 Southlawn Ave
1 to 2 Bedroom Apartments

3969 Southlawn Ave

3969 Southlawn AveMemphis, 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
  • Utilities Included
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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.

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The Embassy Apartments
Studio to 3 Bedroom Apartments

The Embassy Apartments

505 S Perkins RdMemphis, TN 38117
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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.

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605 Patterson St
2 Bedroom Apartments

605 Patterson St

605 Patterson StMemphis, TN 38111

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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 1 Bed unit found at Monarch on Highland priced from $600. 3969 Southlawn Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here are the most affordable Jackson apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Monarch on HighlandMHLA11BR,1BA$600
3969 Southlawn Ave1 Beds, 1 Baths1BR,1BA$650
Audubon Park PlaceStudioStudio,1BA$695
Cherry Creek Apartments1 Bedroom, 1 Bath1BR,1BA$750
Grove at Patterson1 BR/ 1 BA1BR,1BA$750
Imperial Arms ApartmentsImperial Arms2BR,1BA$795
3523-3539 Clayphil Ave2 Beds, 1 Baths2BR,1BA$800
Sherwood FlatsB12BR,1BA$849
The Tower at Kent1 Bedroom / 1 Bathroom Silver1BR,1BA$910
Den Apartments2 BR2BR,1BA$1,000

Best Value Apartments for Rent in Jackson, TN

As of June 22, 2026 the best value apartment in the Jackson area is the $0.38 price per square foot Entire home 4 Bedrooms 4 Baths(SHARED HOUSING Model at Student Lofts at Brister in the in the East Memphis neighborhood starting from $700. The second greatest value Jackson apartment is the The Overton Model at MAA Park Estate starting at $1,668 with a $1.28 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 Baths(SHARED HOUSING1BR,1BA$0.38
MAA Park EstateThe Overton2BR,2BA$1.28
Woodtrail Apartment2/1.52BR,1.5BA$1.03
Imperial Arms ApartmentsImperial Arms2BR,1BA$0.86
3523-3539 Clayphil Ave2 Beds, 1 Baths2BR,1BA$0.88
Sherwood FlatsB22BR,1BA$1.08
The Annex of Memphis2 Bed 2 Bath A2BR,2BA$1.03
The Nine at Memphis2Bed / 2Bath A2BR,2BA$0.97
Grove at Patterson1 BR/ 1 BA1BR,1BA$0.96
Den Apartments2 BR2BR,1BA$1.32

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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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.

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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 #72

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 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 $1,215.

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 $435 which is $780 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.

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