Cheap Apartments for Rent in the Mud Island Neighborhood of Memphis, TN from $640 (24 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Mud Island area of Memphis.

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Riverset Apartments
Rent Specials
$1,111 - $2,351

Total Monthly Price

Base Rent$1,111 - $2,351

Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

Riverset Apartments

100 Riverset LnMemphis, TN 38103
Corporate Housing
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  • Utilities Included

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April Woods
2 to 3 Bedroom Apartments

April Woods

262 Chelsea AveMemphis, TN 38107
  • Utilities Included
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The Kendall
2 Bedroom Apartments

The Kendall

1018 N 7th StMemphis, TN 38107

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Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Uptown Flats
1 to 3 Bedroom Apartments

Uptown Flats

627 N Main StMemphis, TN 38107
  • Utilities Included
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Burkle and Main
2 to 4 Bedroom Apartments

Burkle and Main

812 N Main StMemphis, TN 38107
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Harbor Town Square
1 to 3 Bedroom Apartments

Harbor Town Square

60 Harbor Town SqMemphis, TN 38103

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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 $725. Bickford Square Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $895. Here are the most affordable Mud Island apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$725
Bickford Square Apartments2BR/2BA2BR,2BA$895
Uptown Flats1-B Type A1BR,1BA$973
Riverset ApartmentsA1 - Elm1BR,1BA$1,111
Harbor Side at Conwood Flats ApartmentsS11BR,1BA$1,140

Best Value Apartments for Rent in Mud Island, TN

As of September 05, 2026 the best value apartment in the Mud Island area is the $1.24 price per square foot B4 (2x2 Harbor Town) Model at Harbor Town Square in the in the Downtown Memphis neighborhood starting from $1,530. The second greatest value Mud Island apartment is the Terrace Model at Grand Island Apartments starting at $1,758 with a $1.48 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Harbor Town SquareB4 (2x2 Harbor Town)2BR,2BA$1.24
Grand Island ApartmentsTerrace2BR,2BA$1.48
Bickford Square Apartments2BR/2BA2BR,2BA$0.84
Arbors Harbor TownCypress - Renovated2BR,1BA$1.81
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$0.85
Island Park/Harbor Town SquareA1A (1x1 Island Park )1BR,1BA$1.58
Uptown Flats1-A1BR,1BA$1.30
Conwood Flats Apartment HomesA91BR,1BA$1.93
The Estates at River PointeA11BR,1BA$1.89
Riverset ApartmentsA1 - Elm1BR,1BA$1.76

Frequently Asked Questions about Cheap Mud Island Apartments

What is the price of a cheap apartment in Mud Island?

The cheapest apartment in Mud Island is Uptown Flats which is listed at $973, while the average apartment in Mud Island costs $1,436.

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 49 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 $864 which is $572 cheaper than the average rent for all rentals in Mud Island.

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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