Cheap Homes for Rent in North Memphis Neighborhood of Memphis, TN from $500 (71 Rentals)

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Search the lowest-cost Homes 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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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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property at 528 E Pkwy N

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925

1 Bedroom, 1 Bath Home for Rent

Available Now

528 E Pkwy N, Unit 15, Unit 15

528 E Pkwy N
MemphisTN38112

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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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. The Pulse Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $634. Here are the most affordable North Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Springdale Creek Apartments1 Bedroom1BR,1BA$625
The Pulse ApartmentsStudio 1 BathroomStudio,1BA$634
University Gardens Manor2x1 Classic2BR,1BA$659
Summer Oaks Apartments4030 Summer2BR,1BA$750
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$750
Uptown Square ApartmentsStudio - HandicappedStudio,1BA$760
Edison ParkOne Bedroom High-RiseStudio,1BA$765
Parkside Poplar Apartments1 Bedroom1BR,1BA$795
Kings Reserve MemphisBeale Corner Grande1BR,1BA$800
The Drew1 Bedroom 1 Bathroom1BR,1BA$800

Best Value Apartments for Rent in North Memphis, TN

As of April 11, 2026 the best value apartment in the North Memphis area is the $0.81 price per square foot 2 Bed 1.5 Bath Model at Stonewall Apartments in the in the Midtown Memphis neighborhood starting from $895. The second greatest value North Memphis apartment is the 164 N McLean Blvd Model at 164 N McLean Blvd starting at $1,050 with a $0.95 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.
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
164 N McLean Blvd164 N McLean Blvd2BR,2BA$0.95
1751 Poplar Ave1751 Poplar Ave2BR,1BA$0.91
Bickford Square Apartments2BR/2BA2BR,2BA$0.84
3808 Tutwiler Ave, Unit Farmhouse apartment3808 Tutwiler Ave2BR,1BA$0.80
High Point Terrace Apartments2 Bed Bath 12BR,1BA$0.98
Summer Oaks Apartments4030 Summer2BR,1BA$0.81
Parkside Poplar Apartments1 Bedroom1BR,1BA$0.98
Grahamwood Place1 bedroom 1 bathroom1BR,1BA$0.93
Springdale Creek Apartments1 Bedroom1BR,1BA$0.89

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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 #11

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about North Memphis

What type of rentals are currently available in North Memphis?

There are currently 391 Apartments for Rent in North Memphis, TN with pricing that ranges from $525 to $6,813. There are also 180 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Memphis ranging from $550 to $3,400.

What is the current price range for Rental Homes in North Memphis?

Today's rental pricing for Homes for Rent, Condos and Townhomes in North Memphis ranges from $550 to $3,400 with an average monthly rent of $1,548.

How much are larger Three and Four Bedroom Rentals in North Memphis?

For those who are looking for larger living arrangements, Three Bedroom Apartments in North Memphis range from $800 to $3,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $795 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,095 and Four Bedroom Apartments start at $900.

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

decorative image for Affordable Memphis: The Best Lower Priced Neighborhoods with Character article

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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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.

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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.