Cheap Apartments for Rent in the Mud Island Neighborhood of Memphis, TN from $600 (15 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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April Woods
2 to 3 Bedroom Apartments

April Woods

262 Chelsea AveMemphis, TN 38107
  • Utilities Included

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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The Kendall
2 Bedroom Apartments

The Kendall

1018 N 7th StMemphis, TN 38107
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Uptown Flats
1 to 2 Bedroom Apartments

Uptown Flats

627 N Main StMemphis, TN 38107
  • Utilities Included

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.

Mud Island, Memphis, TN Local Guide

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 ListingModel NameBed/BathPriced From
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$795
The Kendall2BR/1.0BA2BR,1BA$813
Bickford Square Apartments2BR/2BA2BR,2BA$895
Uptown Square Apartments1 Bedroom - Urban1BR,1BA$930
Gayoso House & Pembroke SquarePembroke Square- S2Studio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Belle Harbour ApartmentsC13BR,2BA$1.46
Court Square Apartments2 BR2BR,2BA$1.24
Island Park/Harbor Town SquareB4 (2x2 Harbor Town)2BR,2BA$1.44
The Metropolitan and Greenlaw Place ApartmentsMetropolitan Two Bedroom2BR,2BA$0.88
Riverset ApartmentsB2 - River Birch2BR,2BA$1.42
Bickford Square Apartments2BR/2BA2BR,2BA$0.84
Downtown Memphis FlatsMain Street 1 Bedroom, 1.5 Bathroom1BR,1BA$1.63
Uptown Square Apartments2 Bedroom - Elvis Building2BR,1BA$1.45
The Kendall2BR/1.0BA2BR,1BA$1.22
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$1.22

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Pet Friendly Lifestyle
Mud Island, Memphis, TN

Ranked #40

Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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

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.

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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.

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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.

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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.

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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.