Cheap Homes for Rent in the Mud Island Neighborhood of Memphis, TN from $800 (2 Rentals)

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

$800

2 Bedroom, 1 Bath Home for Rent

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$925

1 Bedroom, 1 Bath Home for Rent

Available Now

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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	$1,500	$800	$2,200
Mud Island 3 Bedroom Homes for Rent	$2,212	$1,690	$2,500
Mud Island 4 Bedroom Homes for Rent	$2,395	$2,395	$2,395

Browse Homes for Rent in this Neighborhood

There are currently 2 rentals with your search options within a 1 mile radius of the Mud Island Neighborhood of Memphis, TN.

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Best Value Apartments for Rent in Mud Island, TN

As of July 22, 2026 the best value apartment in the Mud Island area is the $1.52 price per square foot C1 Model at The Estates at River Pointe in the in the Downtown Memphis neighborhood starting from $2,080. The second greatest value Mud Island apartment is the 2BR/2BA Model at Bickford Square Apartments starting at $895 with a $0.84 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.
The Estates at River Pointe	C1	3BR,2BA	$1.52
Bickford Square Apartments	2BR/2BA	2BR,2BA	$0.84
Conwood Flats Apartment Homes	A7	1BR,1BA	$1.92
Greenlaw Apartments	2 bedroom x 1 bath	2BR,1BA	$1.15
Riverset Apartments	A1 - Elm	1BR,1BA	$1.89
Arbors Harbor Town	Hibiscus - Renovated	1BR,1BA	$2.37
Harbor Side at Conwood Flats Apartments	S1	1BR,1BA	$2.16

Frequently Asked Questions about Mud Island

What type of rentals are currently available in Mud Island?

There are currently 42 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 $800 to $2,500.

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 $800 to $2,500 with an average monthly rent of $1,758.

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.

Helpful Local Expert Guides

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City

Written by: Joshua Carlucci

Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.