Cheap Apartments for Rent in the North Memphis Neighborhood of Memphis, TN from $300 (64 Rentals)

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

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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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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property at 180 Clark Pl

180 Clark Pl

MemphisTN38104

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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property at 820 Maury St

820 Maury St

MemphisTN38107
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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

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 Bedroom Apartments

Harmony Woods

3384 Harmony CtMemphis, TN 38122
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April Woods
2 to 3 Bedroom Apartments

April Woods

262 Chelsea AveMemphis, TN 38107
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2086 Hubert Ave
2 Bedroom Apartments

2086 Hubert Ave

2086 Hubert AveMemphis, TN 38108
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Forrest Cove
2 Bedroom Apartments

Forrest Cove

3609 Forrest AveMemphis, TN 38122
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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 4015 Summer Ave priced from $550. Shady Oaks has the second lowest priced unit, which is a 1 Bed apartment currently listed from $595. Here are the most affordable North Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
4015 Summer AveOne1BR,1BA$550
Shady Oaks1 Bed, 1 bath1BR,1BA$595
Grahamwood Place1 bedroom 1 bathroom1BR,1BA$699
Villages at Harrison Creek- $1000.00 off!The Willows1BR,1BA$699
University Gardens Manor2x1 Classic2BR,1BA$709
Overton PlaceStudioStudio,1BA$725
Springdale Creek Apartments1 Bedroom1BR,1BA$725
Summer Oaks Apartments2 Beds, 1 bath2BR,1BA$750
Edison ParkOne Bedroom High-RiseStudio,1BA$765
Belvedere Gardens Condominiums1x1 Bath1BR,1BA$775

Best Value Apartments for Rent in North Memphis, TN

As of June 16, 2025 the best value apartment in the North Memphis 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 North Memphis apartment is the 3 bedroom 2 bathroom Model at Grahamwood Place starting at $949 with a $0.83 price per square foot in the East 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.
1468 Snowden AveSpacious2BR,1.5BA$0.89
Grahamwood Place3 bedroom 2 bathroom3BR,2BA$0.83
The Metropolitan and Greenlaw Place ApartmentsMetropolitan Two Bedroom2BR,2BA$0.88
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
Bickford Square Apartments2BR/2BA2BR,2BA$0.84
Summer Oaks Apartments2 Beds, 1 bath2BR,1BA$0.81
Shady Oaks1 Bed, 1 bath1BR,1BA$0.66
Parkside Poplar Apartments1 Bedroom1BR,1BA$1.05
Springdale Creek Apartments1 Bedroom1BR,1BA$1.04
4015 Summer AveOne1BR,1BA$0.88

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 #15

Among neighborhoods in Memphis, TN 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 the Cheapest Studio apartment in North Memphis?

Currently the most affordable Cheap Studio Apartment in North Memphis is at Overton Place listed at $725.

How much is rent for a Cheap One Bedroom North Memphis Apartment?

The lowest price for a Cheap One Bedroom North Memphis Apartment is $550 at 4015 Summer Ave.

What is the lowest price for a Cheap Two Bedroom North Memphis Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in North Memphis is starting from $709 at University Gardens Manor.

What is the most affordable North Memphis Three Bedroom Apartment?

The best deal on a cheap North Memphis Three Bedroom Apartment rental is at Springdale Creek Apartments and starts from $940.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.

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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.