Cheap Apartments for Rent in the North Memphis Neighborhood of Memphis, TN from $335 (175 Rentals)

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

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City

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property at 821 Maury St

$749

1 Bedroom Rentals

Available Now

821 Maury St

MemphisTN38107

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The Local Memphis Expert's Guide to Renting Near the City's Top Employers

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Affordable Memphis: The Best Neighborhoods with Character and Lower Rents

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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 195 Hawthrone priced from $595. 1111 N Parkway has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here are the most affordable North Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
195 Hawthrone1BR/1.0BA1BR,1BA$595
1111 N Parkway1 Beds, 1 Baths1BR,1BA$600
288 Leath St1 Beds, 1 Baths1BR,1BA$625
148 Stonewall Pl1 BR, 1 BA1BR,1BA$650
University Gardens Manor2x1 Classic2BR,1BA$659
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$725
Helix at the District - Utilities Included1 Bedroom 1 Bathroom1BR,1BA$744
Summer Oaks Apartments4030 Summer2BR,1BA$750
Merriwether1 Bedroom, 1 Bathroom1BR,1BA$750
Hawthorne on Adams ApartmentsHawthorne1BR,1BA$750

Best Value Apartments for Rent in North Memphis, TN

As of August 21, 2026 the best value apartment in the North Memphis area is the $0.50 price per square foot 4 Beds, 2 Baths Model at 378 N HIGHLAND St in the in the East Memphis neighborhood starting from $1,500. The second greatest value North Memphis apartment is the 3 Bedroom 2 Bathroom Model at High Point Apartments starting at $1,230 with a $0.82 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.
378 N HIGHLAND St4 Beds, 2 Baths4BR,2BA$0.50
High Point Apartments3 Bedroom 2 Bathroom3BR,2BA$0.82
Grahamwood Place3 bedroom 2 bathroom3BR,2BA$0.91
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
Bickford Square Apartments2BR/2BA2BR,2BA$0.84
Summer Oaks Apartments4030 Summer2BR,1BA$0.81
Graham Square Apartments2 Beds, 1 Baths2BR,1BA$0.94
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$0.85
1111 N Parkway1 Beds, 1 Baths1BR,1BA$0.75
195 Hawthrone1BR/1.0BA1BR,1BA$0.82

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 #10

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 $750.

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

The cheapest apartment in North Memphis is 195 Hawthrone which is listed at $595, while the average apartment in North Memphis costs $1,084.

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 223 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 $469 which is $615 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.

Helpful Local Expert Guides

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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.

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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.

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