Cheap Apartments for Rent in the Northeast Memphis Neighborhood of Memphis, TN from $600 (83 Rentals)

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

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Coves at Yale
1 to 3 Bedroom Apartments

Coves at Yale

5022 Yale RdMemphis, TN 38128
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The Embassy Apartments
Studio to 3 Bedroom Apartments

The Embassy Apartments

505 S Perkins RdMemphis, TN 38117
  • Utilities Included
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Covington Hills
1 to 3 Bedroom Apartments

Covington Hills

4800 Raleigh Lagrange RdMemphis, TN 38128
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Bartlett Crossing
1 to 2 Bedroom Apartments

Bartlett Crossing

5760 S Silvercreek DrMemphis, TN 38134
Showing Results 1-50, Page 1 of 2

Northeast Memphis, Memphis, TN Local Guide

Cheapest Available Northeast Memphis Apartments for Rent

 

The cheapest available apartment rental in the Northeast Memphis area of Memphis, TN is a Studio unit found at Elite Living Residence priced from $650. Summer Trace Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $710. Here are the most affordable Northeast Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Elite Living ResidenceStudioStudio,1BA$650
Summer Trace ApartmentsThe Bonelli2BR,1BA$710
Oak Grove FlatsStudioStudio,1BA$745
The Summit ApartmentsAsh1BR,1BA$845
Avery Park Apartments2X12BR,1BA$845
Lincoln at WolfchaseOrchid1BR,1BA$846
Greenbrook at Shelby FarmsSycamore1BR,1BA$848
The Stella ApartmentsColumbus - 1 Bed, 1 Bath1BR,1BA$850
Deerfield Apartments1.11BR,1BA$850
Sycamore Lake1 Bed 1 Bath1BR,1BA$862

Best Value Apartments for Rent in Northeast Memphis, TN

As of July 13, 2025 the best value apartment in the Northeast Memphis area is the $0.85 price per square foot 4 Bed, 3 Bath Model at Sunridge Townhomes in the in the Raleigh neighborhood starting from $1,795. The second greatest value Northeast Memphis apartment is the The Marquette Model at MAA Park Estate starting at $1,923 with a $1.10 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for Northeast Memphis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sunridge Townhomes4 Bed, 3 Bath4BR,3BA$0.85
MAA Park EstateThe Marquette3BR,2BA$1.10
5028 Acorn Dr5028 Acorn Dr4BR,2BA$0.97
Poplar Place TownhomesLennox2BR,1.5BA$1.06
The Meridian Apartments3 Bed 2 Bath3BR,2BA$0.91
Covington Hills3 BR renovated3BR,2BA$1.12
The Landings at Houston LeveeThe Levee - 2x22BR,2BA$1.11
The Stella ApartmentsMagellan - 2 Bed, 2 Bath2BR,2BA$1.10
The Glen Townhomes2 BD2BR,1.5BA$1.02
Avery Park Apartments2X12BR,1BA$1.10

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Pet Friendly Lifestyle
Northeast Memphis, Memphis, TN

Ranked #4

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

This website compiles millions of data points to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Northeast Memphis, TN. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and easy access to the parks, features that make it easier to raise kids, raising pets, transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Northeast Memphis Apartments

What is the Cheapest Studio apartment in Northeast Memphis?

Currently the most affordable Cheap Studio Apartment in Northeast Memphis is at Elite Living Residence listed at $650.

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

The lowest price for a Cheap One Bedroom Northeast Memphis Apartment is $740 at Summer Trace Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Northeast Memphis is starting from $710 at Summer Trace Apartments.

What is the most affordable Northeast Memphis Three Bedroom Apartment?

The best deal on a cheap Northeast Memphis Three Bedroom Apartment rental is at Summer Trace Apartments and starts from $975.

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.