Cheap Homes for Rent in Kilowatt Lake Neighborhood of Memphis, TN from $600 (64 Rentals)

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Search the lowest-cost Homes available for rent right now in the Kilowatt Lake 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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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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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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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 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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Kilowatt Lake, Memphis, TN Local Guide

Cheapest Available Kilowatt Lake Apartments for Rent

 

The cheapest available apartment rental in the Kilowatt Lake area of Memphis, TN is a 1 Bed unit found at Springdale Creek Apartments priced from $625. University Gardens Manor has the second lowest priced unit, which is a 2 Beds apartment currently listed from $659. Here are the most affordable Kilowatt Lake apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Springdale Creek Apartments1 Bedroom1BR,1BA$625
University Gardens Manor2x1 Classic2BR,1BA$659
Kings Reserve MemphisPeabodyStudio,1BA$725
The Galloway @ EvergreenThe Evergreen2BR,1BA$999
Parcels at ConcourseKismet 91BR,1BA$1,833

Best Value Apartments for Rent in Kilowatt Lake, TN

As of December 08, 2025 the best value apartment in the Kilowatt Lake area is the $1.92 price per square foot Americus 2 Model at Parcels at Concourse in the in the Medical District neighborhood starting from $2,024. The second greatest value Kilowatt Lake apartment is the The Evergreen Model at The Galloway @ Evergreen starting at $999 with a $1.25 price per square foot in the Midtown Memphis neighborhood. Here is today’s list of the best values for Kilowatt Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Parcels at ConcourseAmericus 22BR,2BA$1.92
The Galloway @ EvergreenThe Evergreen2BR,1.5BA$1.25
University Gardens ManorGold Unit2BR,1BA$1.19
Springdale Creek Apartments1 Bedroom1BR,1BA$0.89
Kings Reserve MemphisPeabodyStudio ,1BA$2.03

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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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
Kilowatt Lake, Memphis, TN

Ranked #92

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 Kilowatt Lake

What type of rentals are currently available in Kilowatt Lake?

There are currently 98 Apartments for Rent in Kilowatt Lake, TN with pricing that ranges from $545 to $4,550. There are also 130 Single Family Homes for rent, Condos, and Townhome rentals currently available in Kilowatt Lake ranging from $625 to $3,950.

What is the current price range for Rental Homes in Kilowatt Lake?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Kilowatt Lake ranges from $625 to $3,950 with an average monthly rent of $1,645.

How much are larger Three and Four Bedroom Rentals in Kilowatt Lake?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Kilowatt Lake range from $800 to $1,375, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $2,290. Four Bedroom Single-Family rentals are also available starting from $1,050 and Four Bedroom Apartments start at $900.

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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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!