
Cheap Apartments for Rent in the McKeller Neighborhood of Memphis, TN from $400 (4 Rentals)
Search the lowest-cost Apartments available for rent right now in the McKeller area of Memphis.


The Trace at 161
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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.

The Crescent at 161

Weatherstone Apartments
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McKeller, Memphis, TN Local Guide

How much does it cost to rent an apartment in McKeller?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| McKeller 1 Bedroom Apartments | $1,066 | $999 | $1,125 |
| McKeller 2 Bedroom Apartments | $1,301 | $1,129 | $1,375 |
| McKeller 3 Bedroom Apartments | $1,524 | $1,425 | $1,599 |
| McKeller 4 Bedroom Apartments | $1,395 | $1,395 | $1,395 |
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McKeller, Memphis, TN Local Guide
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Best Value Apartments for Rent in McKeller, TN
As of July 11, 2026 the best value apartment in the McKeller area is the $1.08 price per square foot 3 Bedroom, 2 Bathroom Model at Weatherstone Apartments in the in the McKeller neighborhood starting from $1,599. The second greatest value McKeller apartment is the 2 Bedroom Model at The Trace at 161 starting at $1,295 with a $1.13 price per square foot in the McKeller neighborhood. Here is today’s list of the best values for McKeller apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Weatherstone Apartments | 3 Bedroom, 2 Bathroom | 3BR,2BA | $1.08 |
| The Trace at 161 | 2 Bedroom | 2BR,2BA | $1.13 |
| The Crescent at 161 | 1 Bedroom 1 Bath | 1BR,1BA | $1.40 |
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 ArticleDon'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 ArticleReal 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 ArticleQuick 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.
Pet Friendly Lifestyle
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Pet Friendliness Lifestyle Score
Pet Friendly
Frequently Asked Questions about Cheap McKeller Apartments
What is the lowest price for a Cheap Two Bedroom McKeller Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in McKeller is starting from $1,275 at The Crescent at 161.
What is the most affordable McKeller Three Bedroom Apartment?
The best deal on a cheap McKeller Three Bedroom Apartment rental is at Weatherstone Apartments and starts from $1,599.
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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Pet-Friendly Renting: Everything You Need to Know Before You Move
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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.