
Cheap Homes for Rent in Mud Island Neighborhood of Memphis, TN from $900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Mud Island area of Memphis.


711 N Front St

645 N Front St

645 N Front St
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.

645 N Front St

645 N Front St

599 Huron Ave

158 Keel Ave
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.
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 2 Bedroom Homes for Rent | $2,450 | $2,450 | $2,450 |
| Mud Island 3 Bedroom Homes for Rent | $2,470 | $1,700 | $3,490 |
| Mud Island 4 Bedroom Homes for Rent | $1,747 | $1,645 | $1,850 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 1 mile radius of the Mud Island Neighborhood of Memphis, TN.
Explore Memphis
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 March 07, 2026 the best value apartment in the Mud Island area is the $1.96 price per square foot Three Bedroom Model at Harbor Island Apartments in the in the Downtown Memphis neighborhood starting from $2,778. The second greatest value Mud Island apartment is the B4 (2x2 Harbor Town) Model at Island Park/Harbor Town Square starting at $1,523 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. |
|---|---|---|---|
| Harbor Island Apartments | Three Bedroom | 3BR,2BA | $1.96 |
| Island Park/Harbor Town Square | B4 (2x2 Harbor Town) | 2BR,2BA | $1.24 |
| Bickford Square Apartments | 2BR/2BA | 2BR,2BA | $0.84 |
| Grand Island Apartments | Waterstone | 1BR,1BA | $1.82 |
| The Estates at River Pointe | A2 | 1BR,1BA | $1.61 |
| 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 | $1.87 |
| Arbors Harbor Town | Hibiscus - Renovated | 1BR,1BA | $1.93 |
| Belle Harbour Apartments | A1 | 1BR,1BA | $1.88 |
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 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mud Island ranging from $975 to $3,490.
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 $3,490 with an average monthly rent of $1,910.
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.

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.