853 Annie St
MemphisTN38107
Cheap Homes for Rent in the New Chicago Neighborhood of Memphis, TN from $700 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the New Chicago area of Memphis.
778 Alma St
MemphisTN38107
Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
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218 Chelsea Ave
MemphisTN38107
1066 Greenlaw Ave
MemphisTN38105
Rent According to Income: A Look at Income-Restricted Rentals
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703 N 3rd St
MemphisTN38107
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New Chicago, Memphis, TN Local Guide
How much does it cost to rent a home in New Chicago?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Chicago 2 Bedroom Homes for Rent | $916 | $750 | $1,195 |
| New Chicago 3 Bedroom Homes for Rent | $1,274 | $800 | $1,895 |
| New Chicago 4 Bedroom Homes for Rent | $1,216 | $1,075 | $1,425 |
| New Chicago 5 Bedroom Homes for Rent | $1,475 | $1,350 | $1,600 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Greenlaw Apartments | 2 bedroom x 1 bath | 2BR,1BA | $750 |
| Bickford Square Apartments | 2BR/2BA | 2BR,2BA | $895 |
Best Value Apartments for Rent in New Chicago, TN
As of July 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 2 bedroom x 1 bath Model at Greenlaw Apartments starting at $750 with a $1.15 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 |
| Greenlaw Apartments | 2 bedroom x 1 bath | 2BR,1BA | $1.15 |
Frequently Asked Questions about New Chicago
What type of rentals are currently available in New Chicago?
There are currently 58 Apartments for Rent in New Chicago, TN with pricing that ranges from $750 to $995. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Chicago ranging from $750 to $1,895.
What is the current price range for Rental Homes in New Chicago?
Today's rental pricing for Homes for Rent, Condos and Townhomes in New Chicago ranges from $750 to $1,895 with an average monthly rent of $1,161.
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
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Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
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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.