703 N 3rd St
MemphisTN38107
Cheap Homes for Rent in Mud Island Neighborhood of Memphis, TN from $900 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Mud Island area of Memphis.
1319 Nicholas St
MemphisTN38107
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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.
close
View Me
$1,5001 Bedroom Apartments Available Apr 30
645 N Front St, Unit 415
645 N Front StMemphis, TN 38107
599 Huron Ave
MemphisTN38107
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
158 Keel Ave
MemphisTN38107
Showing Results 1-5, Page 1 of 1
Mud Island, Memphis, TN Local Guide
How much does it cost to rent a home in Mud Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mud Island 3 Bedroom Homes for Rent | $2,205 | $1,700 | $2,600 |
| Mud Island 4 Bedroom Homes for Rent | $1,530 | $1,095 | $1,850 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 1 mile radius of the Mud Island Neighborhood of Memphis, TN.
Explore Memphis
Let everyone know!
Do you know the Mud Island area?
If you’re an expert on all things Mud Island, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 $750. The Kendall has the second lowest priced unit, which is a 2 Beds apartment currently listed from $815. 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 | $750 |
| The Kendall | 2BR/1.0BA | 2BR,1BA | $815 |
| Bickford Square Apartments | 2BR/2BA | 2BR,2BA | $895 |
Best Value Apartments for Rent in Mud Island, TN
As of April 22, 2026 the best value apartment in the Mud Island area is the $0.84 price per square foot 2BR/2BA Model at Bickford Square Apartments in the in the Downtown Memphis neighborhood starting from $895. The second greatest value Mud Island apartment is the B1 Model at The Estates at River Pointe starting at $1,562 with a $1.68 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. |
|---|---|---|---|
| Bickford Square Apartments | 2BR/2BA | 2BR,2BA | $0.84 |
| The Estates at River Pointe | B1 | 1BR,1BA | $1.68 |
| Grand Island Apartments | Waterstone | 1BR,1BA | $1.94 |
| Harbor Island Apartments | One Bedroom | 1BR,1BA | $2.03 |
| Island Park/Harbor Town Square | A1 (1x1 Island Park) | 1BR,1BA | $1.59 |
| Uptown Flats | 1-B | 1BR,1BA | $1.26 |
| The Kendall | 2BR/1.0BA | 2BR,1BA | $1.22 |
| Greenlaw Apartments | 2 bedroom x 1 bath | 2BR,1BA | $1.15 |
| Riverset Apartments | A1 - Elm | 1BR,1BA | $1.88 |
| Belle Harbour Apartments | A1 | 1BR,1BA | $1.95 |
Frequently Asked Questions about Mud Island
What type of rentals are currently available in Mud Island?
There are currently 43 Apartments for Rent in Mud Island, TN with pricing that ranges from $750 to $3,300. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mud Island ranging from $975 to $2,600.
What is the current price range for Rental Homes in Mud Island?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Mud Island ranges from $975 to $2,600 with an average monthly rent of $1,807.
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.
Articles, How-To's, and Tips
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.