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The Metropolitan and Greenlaw Place Apartments
374 Mill AveMemphis, TN 38107
Cheap Apartments for Rent in the New Chicago Neighborhood of Memphis, TN from $300 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the New Chicago area of Memphis.
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Rent Specials
$750 - $7952 Bedroom Apartments Available Now
Greenlaw Apartments
267 Greenlaw AveMemphis, TN 38105
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$895 - $9952 to 3 Bedroom Apartments Available Now
Bickford Square Apartments
281 Bickford AveMemphis, TN 38107
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$750
Total Monthly Price
1 Bedroom Apartment Available Jul 1Total Monthly Price
Base Rent
$750
Total Monthly Price
$750
574 N 4th St, Unit 2 apts available
574 N 4th StMemphis, TN 38105
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2 Bedroom Apartments
Looney Apartments
693 Looney AveMemphis, TN 38107
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.
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1 Bedroom Apartments
750 Chelsea Ave
750 Chelsea AveMemphis, TN 38107
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1 Bedroom Apartments
965 Eldridge Ave
965 Eldridge AveMemphis, TN 38107
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1 Bedroom Apartments
1356-1370 Vollintine
1356-1370 VollintineMemphis, TN 38107
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2 Bedroom Apartments
1022 N 7th St
1022 N 7th StMemphis, TN 38107
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1 Bedroom Apartments
Lawson's Manufactured Housing Community
1450 Chelsea AveMemphis, TN 38108
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.
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1 Bedroom Apartments
Lions Estate
1281 Lion StMemphis, TN 38107
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2 Bedroom Apartments
The Kendall
1018 N 7th StMemphis, TN 38107
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2 Bedroom Apartments
Greenlaw Apartments
234 Greenlaw AveMemphis, TN 38105
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2 to 3 Bedroom Apartments
April Woods
262 Chelsea AveMemphis, TN 38107
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Studio to 2 Bedroom Apartments
Chicago Park Place Apartments
1415 Breedlove StMemphis, TN 38107
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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2 Bedroom Apartments
675 Looney Rd
675 Looney RdMemphis, TN 38107
Showing Results 1-16, Page 1 of 1
New Chicago, Memphis, TN Local Guide
How much does it cost to rent an apartment in New Chicago?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Chicago 1 Bedroom Apartments | $1,100 | $1,100 | $1,100 |
| New Chicago 2 Bedroom Apartments | $837 | $750 | $895 |
| New Chicago 3 Bedroom Apartments | $995 | $995 | $995 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the New Chicago Neighborhood of Memphis, TN.
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Cheapest Available New Chicago Apartments for Rent
The cheapest available apartment rental in the New Chicago 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 $799. Here are the most affordable New Chicago 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 | $799 |
| Bickford Square Apartments | 2BR/2BA | 2BR,2BA | $895 |
Best Value Apartments for Rent in New Chicago, TN
As of June 22, 2026 the best value apartment in the New Chicago 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 New Chicago apartment is the 2BR/1.0BA Model at The Kendall starting at $799 with a $1.20 price per square foot in the Downtown Memphis neighborhood. Here is today’s list of the best values for New Chicago 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 Kendall | 2BR/1.0BA | 2BR,1BA | $1.20 |
| Greenlaw Apartments | 2 bedroom x 1 bath | 2BR,1BA | $1.15 |
| 699 N 5th St, Unit 2 | 699 N 5th St | 1BR,1BA | $2.12 |
Frequently Asked Questions about Cheap New Chicago Apartments
What types of apartments are the cheapest in New Chicago?
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 3 regular apartments in New Chicago that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.