Cheap Apartments for Rent in the North Memphis Neighborhood of Memphis, TN from $300 (69 Rentals)

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Search the lowest-cost Apartments available for rent right now in the North Memphis area of Memphis.

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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property at 820 Maury St

$775 - $785

1 Bedroom Rentals

Available Now

820 Maury St

MemphisTN38107

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Affordable Memphis: The Best Neighborhoods with Character and Lower Rents

Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.

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411 Tillman St
2 Bedroom Apartments

411 Tillman St

411 Tillman StMemphis, TN 38112
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Rehab/QCT
1 to 2 Bedroom Apartments

Rehab/QCT

3250 Guernsey AveMemphis, TN 38112

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.

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3335 Henry Ave
2 Bedroom Apartments

3335 Henry Ave

3335 Henry AveMemphis, TN 38122
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2238 Howell Ave
1 to 2 Bedroom Apartments

2238 Howell Ave

2238 Howell AveMemphis, TN 38108
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230 Cochran St
2 Bedroom Apartments

230 Cochran St

230 Cochran StMemphis, TN 38105
  • Utilities Included
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Peach Apartments
1 Bedroom Apartments

Peach Apartments

1330 Peach AveMemphis, TN 38104
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Harmony Woods
2 to 3 Bedroom Apartments

Harmony Woods

3384 Harmony CtMemphis, TN 38122
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Shady Oaks
1 Bedroom Apartments

Shady Oaks

520 Sharon DrMemphis, TN 38122
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April Woods
2 to 3 Bedroom Apartments

April Woods

262 Chelsea AveMemphis, TN 38107
  • Utilities Included

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.

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North Memphis, Memphis, TN Local Guide

Cheapest Available North Memphis Apartments for Rent

 

The cheapest available apartment rental in the North Memphis area of Memphis, TN is a 1 Bed unit found at Springdale Creek Apartments priced from $625. University Gardens Manor has the second lowest priced unit, which is a 2 Beds apartment currently listed from $659. Here are the most affordable North Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Springdale Creek Apartments1 Bedroom1BR,1BA$625
University Gardens Manor2x1 Classic2BR,1BA$659
Grahamwood Place1 bedroom 1 bathroom1BR,1BA$699
High Point Apartments2 Bedroom 1 Bathroom2BR,1BA$730
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$750
Summer Oaks Apartments4030 Summer2BR,1BA$750
Uptown Square ApartmentsStudio - HandicappedStudio,1BA$760
Edison ParkOne Bedroom High-RiseStudio,1BA$765
The Pulse Apartments1 Bedroom 1 Bathroom1BR,1BA$779
Midtown PlaceSt Regis - 1B1B1BR,1BA$788

Best Value Apartments for Rent in North Memphis, TN

As of February 15, 2026 the best value apartment in the North Memphis area is the $1.07 price per square foot 2Bedroom, 2 Bathroom Downstairs-Partial-Renovated Model at Chickasaw at The Greenline in the in the East Memphis neighborhood starting from $1,450. The second greatest value North Memphis apartment is the 2 Bed 1.5 Bath Model at Stonewall Apartments starting at $895 with a $0.81 price per square foot in the Midtown Memphis neighborhood. Here is today’s list of the best values for North Memphis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Chickasaw at The Greenline2Bedroom, 2 Bathroom Downstairs-Partial-Renovated2BR,2BA$1.07
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
Bickford Square Apartments2BR/2BA2BR,2BA$0.84
High Point Apartments2 Bedroom 1 Bathroom2BR,1BA$0.89
Summer Oaks Apartments4030 Summer2BR,1BA$0.81
Macon Crossing Apartments¡Moderno y Luminoso Departamento en Macon Rd. –...2BR,1BA$1.06
Parkside Poplar Apartments1 Bedroom1BR,1BA$0.98
Grahamwood Place1 bedroom 1 bathroom1BR,1BA$0.93
The Drew1 Bedroom 1 Bathroom1BR,1BA$1.14
Springdale Creek Apartments1 Bedroom1BR,1BA$0.89

College Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive

Where do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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Pet Friendly Lifestyle
North Memphis, Memphis, TN

Ranked #14

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States including North Memphis, Memphis, and the greater Memphis area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, pet-friendly features, places that make kids happy, proximity to transit, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap North Memphis Apartments

What is a cheap apartment in North Memphis?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Memphis is under $788.

What is the price of a cheap apartment in North Memphis?

The cheapest apartment in North Memphis is Springdale Creek Apartments which is listed at $625, while the average apartment in North Memphis costs $3,943.

What types of apartments are the cheapest in North Memphis?

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 365 regular apartments in North Memphis that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in North Memphis?

Cheap apartments in North Memphis have an average cost of $409 which is $3,534 cheaper than the average rent for all rentals in North Memphis.

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.

Articles, How-To's, and Tips

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Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.