Cheap Homes for Rent in the North Memphis Neighborhood of Memphis, TN from $495 (70 Rentals)

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

property at 3788 Bayliss Ave

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650
Total Monthly Price
$650

1 Bedroom, 1 Bath Home for Rent

Available Now

3788 Bayliss Ave

MemphisTN38122

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

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property at 820 Maury St

$690

1 Bedroom Rentals

Available Now

820 Maury St

MemphisTN38107

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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

Memphis apartment guide from a local expert, breaking down neighborhoods, average rent, and ideal commute times near the 5 largest employers - FedEx, St. Jude, U of M, Methodist, and AutoZone.

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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

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

2 Bedroom, 2 Bath Home for Rent

Available Now

528 E Pkwy N, Unit 9

528 E Pkwy N
MemphisTN38112

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 2

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
Grahamwood Place1 bedroom 1 bathroom1BR,1BA$699
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

Best Value Apartments for Rent in North Memphis, TN

As of August 26, 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
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
Grahamwood Place1 bedroom 1 bathroom1BR,1BA$0.93
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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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 #10

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 400 Apartments for Rent in North Memphis, TN with pricing that ranges from $450 to $9,763. There are also 211 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Memphis ranging from $495 to $4,000.

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 $495 to $4,000 with an average monthly rent of $1,365.

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 $910 to $3,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $3,400. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $1,095.

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

Written by: Joshua Carlucci

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

Written by: Joshua Carlucci

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The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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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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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.