
Cheap Apartments for Rent in the Mud Island Neighborhood of Memphis, TN from $600 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Mud Island area of Memphis.


Greenlaw Apartments
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.

Bickford Square Apartments

Urban Loft Co. Memphis- Utilties Included

The Metropolitan and Greenlaw Place Apartments

Fielder Square

Conwood Flats

Downtown Memphis Flats

Iris Luxury Apartments
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.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

220 Mill Ave
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 | $1,245 | $760 | $1,618 |
Mud Island 1 Bedroom Apartments | $1,494 | $805 | $2,525 |
Mud Island 2 Bedroom Apartments | $1,738 | $795 | $3,162 |
Mud Island 3 Bedroom Apartments | $2,237 | $995 | $3,246 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 1 mile radius of the Mud Island Neighborhood of Memphis, TN.
See all Apartments in MemphisExplore Memphis
Mud Island, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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 Kendall has the second lowest priced unit, which is a 2 Beds apartment currently listed from $813. 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 Kendall | 2BR/1.0BA | 2BR,1BA | $813 |
Bickford Square Apartments | 2BR/2BA | 2BR,2BA | $895 |
Uptown Square Apartments | 1 Bedroom - Urban | 1BR,1BA | $930 |
Gayoso House & Pembroke Square | Pembroke Square- S2 | Studio,1BA | $999 |
Best Value Apartments for Rent in Mud Island, TN
As of June 15, 2025 the best value apartment in the Mud Island area is the $1.46 price per square foot C1 Model at Belle Harbour Apartments in the in the Downtown Memphis neighborhood starting from $2,198. The second greatest value Mud Island apartment is the 2 BR Model at Court Square Apartments starting at $1,589 with a $1.24 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. |
---|---|---|---|
Belle Harbour Apartments | C1 | 3BR,2BA | $1.46 |
Court Square Apartments | 2 BR | 2BR,2BA | $1.24 |
Island Park/Harbor Town Square | B4 (2x2 Harbor Town) | 2BR,2BA | $1.44 |
The Metropolitan and Greenlaw Place Apartments | Metropolitan Two Bedroom | 2BR,2BA | $0.88 |
Riverset Apartments | B2 - River Birch | 2BR,2BA | $1.42 |
Bickford Square Apartments | 2BR/2BA | 2BR,2BA | $0.84 |
Downtown Memphis Flats | Main Street 1 Bedroom, 1.5 Bathroom | 1BR,1BA | $1.63 |
Uptown Square Apartments | 2 Bedroom - Elvis Building | 2BR,1BA | $1.45 |
The Kendall | 2BR/1.0BA | 2BR,1BA | $1.22 |
Greenlaw Apartments | 2 bedroom x 1 bath | 2BR,1BA | $1.22 |
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.
Pet Friendly LifestyleMud Island, Memphis, TN
Ranked #40
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 the Cheapest Studio apartment in Mud Island?
Currently the most affordable Cheap Studio Apartment in Mud Island is at Gayoso House & Pembroke Square listed at $999.
How much is rent for a Cheap One Bedroom Mud Island Apartment?
The lowest price for a Cheap One Bedroom Mud Island Apartment is $930 at Uptown Square Apartments.
What is the lowest price for a Cheap Two Bedroom Mud Island Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Mud Island is starting from $795 at Greenlaw Apartments.
What is the most affordable Mud Island Three Bedroom Apartment?
The best deal on a cheap Mud Island Three Bedroom Apartment rental is at Bickford Square Apartments and starts from $995.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.