Cheap Apartments for Rent in the North Memphis Neighborhood of Memphis, TN from $300 (197 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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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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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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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 2 Beds unit found at University Gardens Manor priced from $659. Grahamwood Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable North Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
University Gardens Manor2x1 Classic2BR,1BA$659
Grahamwood Place1 bedroom 1 bathroom1BR,1BA$699
Overton PlaceStudioStudio,1BA$725
Summer Oaks Apartments4030 Summer2BR,1BA$750
Merriwether1 Bedroom, 1 Bathroom1BR,1BA$750
Greenlaw Apartments2 bedroom x 1 bath2BR,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 Efficiency1BR,1BA$799

Best Value Apartments for Rent in North Memphis, TN

As of May 21, 2026 the best value apartment in the North Memphis area is the $1.03 price per square foot WAS-B2 Model at The Washburn in the in the Downtown Memphis neighborhood starting from $1,270. The second greatest value North Memphis apartment is the 2-C Model at Uptown Flats starting at $1,141 with a $0.95 price per square foot in the Downtown 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.
The WashburnWAS-B22BR,2BA$1.03
Uptown Flats2-C2BR,2BA$0.95
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
Bickford Square Apartments2BR/2BA2BR,2BA$0.84
High Point Terrace Apartments2 Bed Bath 12BR,1BA$0.98
628 Madison Ave1 bd / 1 ba1BR,1BA$1.10
Summer Oaks Apartments4030 Summer2BR,1BA$0.81
Parkside Poplar Apartments1 Bedroom1BR,1BA$1.02
Grahamwood Place1 bedroom 1 bathroom1BR,1BA$0.93
The Drew1 Bedroom 1 Bathroom1BR,1BA$1.14

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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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 #13

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 the Cheapest Studio apartment in North Memphis?

Currently the most affordable Cheap Studio Apartment in North Memphis is at The Pulse Apartments listed at $634.

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

The lowest price for a Cheap One Bedroom North Memphis Apartment is $659 at University Gardens Manor.

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 $659 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 Grahamwood Place and starts from $949.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.