1133 Gerard St
MemphisTN38107
Cheap Homes for Rent in New Chicago Neighborhood of Memphis, TN from $600 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the New Chicago area of Memphis.
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$7251 Bedroom Apartments Available Now
302 Mill Ave, Unit 102
302 Mill AveMemphis, TN 38105
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.
778 Alma St
MemphisTN38107
896 N Dunlap St
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.
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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 | $923 | $695 | $1,100 |
| New Chicago 3 Bedroom Homes for Rent | $1,288 | $800 | $1,650 |
| New Chicago 4 Bedroom Homes for Rent | $1,454 | $1,075 | $1,850 |
| New Chicago 5 Bedroom Homes for Rent | $1,550 | $1,550 | $1,550 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the New Chicago Neighborhood of Memphis, TN.
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Best Value Apartments for Rent in New Chicago, TN
As of June 06, 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 |
Frequently Asked Questions about New Chicago
What type of rentals are currently available in New Chicago?
There are currently 57 Apartments for Rent in New Chicago, TN with pricing that ranges from $725 to $1,100. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Chicago ranging from $695 to $1,850.
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 $695 to $1,850 with an average monthly rent of $1,225.
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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Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
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.
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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.