907 PEARCE St
MemphisTN38107
Cheap Homes for Rent in New Chicago Neighborhood of Memphis, TN from $600 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the New Chicago area of Memphis.
850 N DUNLAP St
MemphisTN38107
838 LEON Pl
MemphisTN38107
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
826 N DUNLAP St
MemphisTN38107
1082 Garland St
MemphisTN38107
844 LEON Pl
MemphisTN38107
839 Leon Pl
MemphisTN38107
823 N DUNLAP St
MemphisTN38107
1030 Kney St
MemphisTN38107
1034 Kney St
MemphisTN38107
1364 Breedlove St
MemphisTN38108
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
1004 Alaska St
MemphisTN38107
1066 Greenlaw Ave
MemphisTN38105
Showing Results 1-13, 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 | $1,020 | $775 | $1,800 |
| New Chicago 3 Bedroom Homes for Rent | $1,109 | $834 | $1,375 |
| New Chicago 4 Bedroom Homes for Rent | $1,469 | $1,200 | $1,795 |
Browse Homes for Rent in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the New Chicago Neighborhood of Memphis, TN.
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New Chicago, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
- Nearby Cities
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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 1 Bed unit found at Belvedere Gardens Condominiums priced from $775. Greenlaw Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $795. Here are the most affordable New Chicago apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Belvedere Gardens Condominiums | 1x1 Bath | 1BR,1BA | $775 |
| Greenlaw Apartments | 2 bedroom x 1 bath | 2BR,1BA | $795 |
| The Kendall | 2BR/1.0BA | 2BR,1BA | $813 |
| 628 Madison Ave | Small Studio | Studio,1BA | $850 |
| Crescendo Apartments | 1 Bed 1 Bath | 1BR,1BA | $875 |
Best Value Apartments for Rent in New Chicago, TN
As of June 01, 2025 the best value apartment in the New Chicago area is the $0.89 price per square foot Spacious Model at 1468 Snowden Ave in the in the Midtown Memphis neighborhood starting from $1,500. The second greatest value New Chicago 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 New Chicago apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1468 Snowden Ave | Spacious | 2BR,1.5BA | $0.89 |
| Bickford Square Apartments | 2BR/2BA | 2BR,2BA | $0.84 |
| 628 Madison Ave | 2 bd / 2 ba | 2BR,2BA | $1.35 |
| Overton Garden Apartments | 2151 Poplar Ave | 2BR,2BA | $1.23 |
| Urban Peddler | 2BR 1BA Renovated | 2BR,1BA | $1.23 |
| The Biltmore - McAlpin Apartments | Single 850 | 1BR,1BA | $1.26 |
| Belvedere Gardens Condominiums | 1x1 Bath - Furnished | 1BR,1BA | $1.53 |
| The Kendall | 2BR/1.0BA | 2BR,1BA | $1.22 |
| Greenlaw Apartments | 2 bedroom x 1 bath | 2BR,1BA | $1.22 |
| Crescendo Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.39 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Frequently Asked Questions about New Chicago
What type of rentals are currently available in New Chicago?
There are currently 67 Apartments for Rent in New Chicago, TN with pricing that ranges from $775 to $2,150. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Chicago ranging from $650 to $2,000.
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 $650 to $2,000 with an average monthly rent of $1,264.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.