
Cheap Apartments for Rent in the Mud Island Neighborhood of Memphis, TN from $600 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Mud Island area of Memphis.


Greenlaw Apartments

The Metropolitan and Greenlaw Place Apartments

Bickford Square Apartments

Fielder Square

Urban Loft Co. Memphis- Utilties Included

Downtown Memphis Flats

Riverset Apartments

Conwood Flats
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

602 N Main St

220 Mill Ave

604 N Main St

205 Reno Ave

440 N Front St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Mud Island, Memphis, TN Local Guide

How much does it cost to rent an apartment in Mud Island?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Mud Island Studio Apartments | $1,638 | $760 | $4,338 |
Mud Island 1 Bedroom Apartments | $1,576 | $805 | $6,702 |
Mud Island 2 Bedroom Apartments | $1,897 | $795 | $6,068 |
Mud Island 3 Bedroom Apartments | $2,137 | $995 | $3,103 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 1 mile radius of the Mud Island Neighborhood of Memphis, TN.
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Mud Island, Memphis, TN Local Guide
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Cheapest Available Mud Island Apartments for Rent
 The cheapest available apartment rental in the Mud Island area of Memphis, TN is a 2 Beds unit found at Greenlaw Apartments priced from $795. The Metropolitan and Greenlaw Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Mud Island apartments for rent in Memphis, TN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Greenlaw Apartments | 2 bedroom x 1 bath | 2BR,1BA | $795 |
The Metropolitan and Greenlaw Place Apartments | Greenlaw 1 Bedroom Flat | 1BR,1BA | $850 |
Bickford Square Apartments | 2BR/2BA | 2BR,2BA | $895 |
Uptown Square Apartments | 1 Bedroom - Urban | 1BR,1BA | $930 |
Urban Loft Co. Memphis- Utilties Included | The Urban Loft A | 1BR,1BA | $999 |
Best Value Apartments for Rent in Mud Island, TN
As of May 01, 2025 the best value apartment in the Mud Island area is the $1.41 price per square foot B1 (2x2 Island Park) Model at Island Park/Harbor Town Square in the in the Downtown Memphis neighborhood starting from $1,566. The second greatest value Mud Island apartment is the 2 BR Model at Court Square Apartments starting at $1,599 with a $1.47 price per square foot in the Downtown Memphis neighborhood. Here is today’s list of the best values for Mud Island apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Island Park/Harbor Town Square | B1 (2x2 Island Park) | 2BR,2BA | $1.41 |
Court Square Apartments | 2 BR | 2BR,2BA | $1.47 |
Bickford Square Apartments | 2BR/2BA | 2BR,2BA | $0.84 |
Belle Harbour Apartments | A4 | 1BR,1BA | $1.88 |
The Estates at River Pointe | B1 | 1BR,1BA | $1.80 |
Downtown Memphis Flats | Main Street 1 Bedroom, 1.5 Bathroom | 1BR,1BA | $1.63 |
Riverset Apartments | A4 - Willow | 1BR,1BA | $1.55 |
The Metropolitan and Greenlaw Place Apartments | Greenlaw 1 Bedroom Flat | 1BR,1BA | $1.16 |
Uptown Square Apartments | 2 Bedroom - Elvis Building | 2BR,1BA | $1.45 |
Greenlaw Apartments | 2 bedroom x 1 bath | 2BR,1BA | $1.22 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleMud Island, Memphis, TN
Ranked #35
Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Mud Island Neighborhood in Memphis, TN
Walk Score®
48 / 100
Car-Dependent
Most errands require a car
Bike Score®
44 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
53 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Mud Island Apartments
What is a cheap apartment in Mud Island?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Mud Island is under $1,229.
What is the price of a cheap apartment in Mud Island?
The cheapest apartment in Mud Island is The Metropolitan and Greenlaw Place Apartments which is listed at $850, while the average apartment in Mud Island costs $2,129.
What types of apartments are the cheapest in Mud Island?
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 19 regular apartments in Mud Island 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 Mud Island?
Cheap apartments in Mud Island have an average cost of $313 which is $1,816 cheaper than the average rent for all rentals in Mud Island.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.