Cheap Apartments for Rent in the Northeast Memphis Neighborhood of Memphis, TN from $600 (156 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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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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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Elite Living Residence
Studio Apartments

Elite Living Residence

5225 Summer AveMemphis, TN 38122
Corporate Housing
  • Utilities Included
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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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Highland Chateau
1 to 3 Bedroom Apartments

Highland Chateau

5246 Raleigh Lagrange RdMemphis, TN 38134

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 2 Beds unit found at Oak Grove Flats priced from $667. Summer Trace Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $715. Here are the most affordable Northeast Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Oak Grove Flats2BR2BR,1BA$667
Summer Trace ApartmentsThe Ayers1BR,1BA$715
Greenbrook at Shelby FarmsSycamore1BR,1BA$731
The Summit ApartmentsAsh1BR,1BA$744
The Meridian Apartments1 Bed 1 Bath1BR,1BA$750
Sycamore Lake1 Bed 1 Bath1BR,1BA$762
Arbors of Century CenterAsh - 1x1 Upgrade1BR,1BA$799
The Canopy 2200One Bedroom One Bathroom Large1BR,1BA$829
The Stella ApartmentsColumbus - 1 Bed, 1 Bath1BR,1BA$831
X - Brentwood Apartments1x1 Classic1BR,1BA$850

Best Value Apartments for Rent in Northeast Memphis, TN

As of January 14, 2026 the best value apartment in the Northeast Memphis area is the $0.78 price per square foot 3 Bed 2.5 Bath Model at Sunridge Townhomes in the in the Raleigh neighborhood starting from $1,395. The second greatest value Northeast Memphis apartment is the The Brookside - 3x2 Model at The Landings at Houston Levee starting at $1,411 with a $1.04 price per square foot in the Eads-Fisherville 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 Townhomes3 Bed 2.5 Bath3BR,2.5BA$0.78
The Landings at Houston LeveeThe Brookside - 3x23BR,2BA$1.04
Fairfax Manor Townhomes2 Bedroom-2.5 Bath2BR,2.5BA$0.97
Poplar Place TownhomesDupree2BR,1.5BA$1.07
Colonial Estates2 Bedroom/1 Bathroom - Renovated2BR,1BA$0.97
Oak Grove Flats3BR3BR,1.5BA$0.94
Deerfield Apartments2.22BR,2BA$1.07
The Meridian Apartments1 Bed 1 Bath1BR,1BA$0.94
Greenbrook at Shelby FarmsPine1BR,1BA$1.06
Sycamore Lake1 Bed 1 Bath1BR,1BA$1.02

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
Northeast Memphis, Memphis, TN

Ranked #6

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

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 Springs at Colonial listed at $1,143.

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

The lowest price for a Cheap One Bedroom Northeast Memphis Apartment is $715 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 $667 at Oak Grove Flats.

What is the most affordable Northeast Memphis Three Bedroom Apartment?

The best deal on a cheap Northeast Memphis Three Bedroom Apartment rental is at Oak Grove Flats and starts from $935.

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 Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.