
Cheap Apartments for Rent in the Northeast Memphis Neighborhood of Memphis, TN from $650 (186 Rentals)
Search the lowest-cost Apartments available for rent right now in the Northeast Memphis area of Memphis.


Summer Trace Apartments

Avery Park Apartments

The Meridian Apartments

Sycamore Lake

Greenbrook at Shelby Farms

The Canopy 2200

Mendenhall Gardens

The Stella Apartments

Brentwood Apartments
Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
Moving to the Bluff City? Get the insider’s guide on Memphis life, from specific neighborhood personalities and current average rent, to the best barbecue and live music spots.

Oak Grove Flats

Covington Hills

Canterbury Woods Apartments

Deerfield Apartments

6209 Summer Hills Cir, Unit 1

Arbors of Century Center

MAA Kirby Station

The Summereast Apartments

Village of Sycamore Ridge

240 Flats
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.

Legacy on Lynnfield - NEWLY UPGRADED

The Meadows Apartments

The Roxbury

Fairfax Manor Townhomes

The Glen Townhomes

Poplar Place Townhomes

ReNew Bartlett Village

Crescent at Wolfchase Apartment Homes

The Birches Apartment Homes

4668 Priscilla Ave
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.

6415 Ashton Rd

Furnished Studio-Memphis - Cordova

1587 S Perkins Rd

Sunridge Townhomes

Arbors River Oaks Apartments

Furnished Studio-Memphis - Wolfchase Galleria

4473 Cleopatra Cove N

1139 Brady Hollow Ln

2406 Jenwood St

Century Apartments
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.

6761 Whitten Pine Dr

4311 Hunt Cliff Trce

7065 Markim Dr

2696 Dromedary Dr

4984 Welchshire Ave

7242 Rose Trail Dr

Total Monthly Price
Siegel Select Memphis- All Utilties Included

4912 Summitridge Dr

6631 Elmore Rd

3349 Lynchburg St
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.
Northeast Memphis, Memphis, TN Local Guide

How much does it cost to rent an apartment in Northeast Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Northeast Memphis Studio Apartments | $1,676 | $999 | $7,985 |
| Northeast Memphis 1 Bedroom Apartments | $1,258 | $705 | $2,850 |
| Northeast Memphis 2 Bedroom Apartments | $1,460 | $780 | $3,475 |
| Northeast Memphis 3 Bedroom Apartments | $1,741 | $1,005 | $3,789 |
| Northeast Memphis 4 Bedroom Apartments | $2,143 | $1,545 | $2,716 |
Browse Apartments in this Neighborhood
There are currently 186 rentals with your search options within a 2 mile radius of the Northeast Memphis Neighborhood of Memphis, TN.
See all Apartments in MemphisExplore Memphis
Northeast Memphis, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Northeast Memphis Apartments for Rent
 The cheapest available apartment rental in the Northeast Memphis area of Memphis, TN is a 1 Bed unit found at The Summit Apartments priced from $680. Edgewater Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $705. Here are the most affordable Northeast Memphis apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Summit Apartments | Ash | 1BR,1BA | $680 |
| Edgewater Apartments | 1BR/1BA | 1BR,1BA | $705 |
| Summer Trace Apartments | The Ayers | 1BR,1BA | $715 |
| Avery Park Apartments | 1X1 | 1BR,1BA | $745 |
| Greenbrook at Shelby Farms | Magnolia | 1BR,1BA | $797 |
| The Canopy 2200 | One Bedroom One Bathroom | 1BR,1BA | $799 |
| Mendenhall Gardens | 1A | 1BR,1BA | $799 |
| Park Place at Shelby Farms | 1Bd/1Ba Classic | 1BR,1BA | $800 |
| The Stella Apartments | Columbus - 1 Bed, 1 Bath | 1BR,1BA | $846 |
| Gramercy Park | 1 Bedroom 1 Bathroom | 1BR,1BA | $850 |
Best Value Apartments for Rent in Northeast Memphis, TN
As of August 29, 2026 the best value apartment in the Northeast Memphis area is the $0.74 price per square foot 4 Bed, 3 Bath Model at Sunridge Townhomes in the in the Raleigh neighborhood starting from $1,545. The second greatest value Northeast Memphis apartment is the 2 Bedroom-2.5 Bath Model at Fairfax Manor Townhomes starting at $1,465 with a $1.09 price per square foot in the Germantown neighborhood. Here is today’s list of the best values for Northeast Memphis apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sunridge Townhomes | 4 Bed, 3 Bath | 4BR,3BA | $0.74 |
| Fairfax Manor Townhomes | 2 Bedroom-2.5 Bath | 2BR,2.5BA | $1.09 |
| Poplar Place Townhomes | Lennox | 2BR,1.5BA | $0.93 |
| The Meridian Apartments | 3 Bed 2 Bath | 3BR,2BA | $0.92 |
| Cedar Ridge | CE2B2B | 2BR,2BA | $1.05 |
| The Stella Apartments | Magellan - 2 Bed, 2 Bath | 2BR,2BA | $1.08 |
| The Landings at Houston Levee | The Cove - 1x1 | 1BR,1BA | $1.03 |
| Oak Grove Flats | 2BR | 2BR,1BA | $1.05 |
| Greenbrook at Shelby Farms | Pine | 1BR,1BA | $1.10 |
| Edgewater Apartments | 1BR/1BA | 1BR,1BA | $0.94 |
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!
Read ArticleDon'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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleNortheast Memphis, Memphis, TN
Ranked #8
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 $1,128.
How much is rent for a Cheap One Bedroom Northeast Memphis Apartment?
The lowest price for a Cheap One Bedroom Northeast Memphis Apartment is $680 at The Summit 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 $775 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 Oak Grove Flats and starts from $1,005.
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

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.

The Local Memphis Expert's Guide to Renting Near the Citys Top Employers
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.

College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
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.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
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.