847 Ayers St
MemphisTN38107
Cheap Homes for Rent in the New Chicago Neighborhood of Memphis, TN from $625 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the New Chicago area of Memphis.
839 LEON Pl
MemphisTN38107
218 Chelsea Ave
MemphisTN38107
Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
Moving to the Bluff City? Get the insider’s guide on Memphis life, from specific neighborhood personalities and current average rent, to the best barbecue and live music spots.
1066 Greenlaw Ave
MemphisTN38105
1074 Palmetto Ave
MemphisTN38107
703 N 3rd St
MemphisTN38107
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
679 Leath St
MemphisTN38107
Showing Results 1-7, Page 1 of 1
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 | $1,018 | $775 | $1,550 |
| New Chicago 3 Bedroom Homes for Rent | $1,233 | $950 | $1,775 |
| New Chicago 4 Bedroom Homes for Rent | $1,607 | $1,375 | $1,795 |
| New Chicago 5 Bedroom Homes for Rent | $1,425 | $1,350 | $1,500 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the New Chicago Neighborhood of Memphis, TN.
Explore Memphis
Let everyone know!
Do you know the New Chicago area?
If you’re an expert on all things New Chicago, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Cheapest Available New Chicago Apartments for Rent
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Greenlaw Apartments | 2 bedroom x 1 bath | 2BR,1BA | $725 |
| Bickford Square Apartments | 2BR/2BA | 2BR,2BA | $895 |
Best Value Apartments for Rent in New Chicago, TN
As of September 05, 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 $725 with a $0.85 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 | $0.85 |
Frequently Asked Questions about New Chicago
What type of rentals are currently available in New Chicago?
There are currently 61 Apartments for Rent in New Chicago, TN with pricing that ranges from $650 to $1,023. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Chicago ranging from $625 to $1,795.
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 $625 to $1,795 with an average monthly rent of $1,267.
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.
The Local Memphis Expert's Guide to Renting Near the Citys Top Employers
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.
College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.