Cheap Apartments for Rent in the Northeast Memphis Neighborhood of Memphis, TN from $600 (111 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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Covington Hills
1 to 3 Bedroom Apartments

Covington Hills

4800 Raleigh Lagrange 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
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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 3

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

Apartment ListingModel NameBed/BathPriced From
Elite Living ResidenceStudioStudio,1BA$650
Oak Grove Flats2BR2BR,1BA$667
The Summit ApartmentsBirch1BR,1BA$762
Summer Trace ApartmentsThe Bonelli2BR,1BA$795
Greenbrook at Shelby FarmsSycamore1BR,1BA$808
The Canopy 2200One Bedroom One Bathroom1BR,1BA$849
Brentwood Apartments1x1 Classic1BR,1BA$850
Covington Hills1 BR renovated1BR,1BA$850
The Stella ApartmentsColumbus - 1 Bed, 1 Bath1BR,1BA$850
Deerfield Apartments1.11BR,1BA$850

Best Value Apartments for Rent in Northeast Memphis, TN

As of October 13, 2025 the best value apartment in the Northeast Memphis area is the $1.06 price per square foot C2 Model at Somerset at Lakeland in the in the Lakeland Arlington neighborhood starting from $1,554. The second greatest value Northeast Memphis apartment is the 2 Bedroom-2.5 Bath Model at Fairfax Manor Townhomes starting at $1,315 with a $0.97 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Somerset at LakelandC23BR,2BA$1.06
Fairfax Manor Townhomes2 Bedroom-2.5 Bath2BR,2.5BA$0.97
Poplar Place TownhomesDupree2BR,1.5BA$1.07
The Landings at Houston LeveeThe Delta - 2x22BR,2BA$1.07
The Stella ApartmentsMagellan - 2 Bed, 2 Bath2BR,2BA$1.10
The Meridian Apartments2 Bed 2 Bath2BR,2BA$0.88
Oak Grove Flats2BR2BR,1BA$0.78
Avery Park Apartments2X1.52BR,1.5BA$1.05
Summer Trace ApartmentsThe Bonelli2BR,1BA$0.99
Greenbrook at Shelby FarmsMagnolia1BR,1BA$1.08

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Pet Friendly Lifestyle
Northeast Memphis, Memphis, TN

Ranked #5

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 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 $762 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 $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 Summer Trace Apartments and starts from $950.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.