Cheap Homes for Rent in Northeast Memphis Neighborhood of Memphis, TN from $700 (103 Rentals)

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

property at 6103 Yorkhill Dr

$700 - $900

1 Bedroom, 1 Bath Home for Rent

Available Now

6103 Yorkhill Dr

BartlettTN38135
property at 3926 Oak Branch Cir W

$1,115

Total Monthly Price

Total Monthly Price

Base Rent
$1,104
Required Monthly Fees
$11
Total Monthly Price
$1,115

3 Bedroom, 2 Bath Rentals

Available Apr 9

3926 Oak Branch Cir W

MemphisTN38135

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 4815 Marcel Ave

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195
Total Monthly Price
$1,195

3 Bedroom, 1 Bath Rentals

Available Now

4815 Marcel Ave

MemphisTN38122
property at 3210 Longacre Cove

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,188
Required Monthly Fees
$12
Total Monthly Price
$1,200

3 Bedroom, 2 Bath Rentals

Available Now

3210 Longacre Cove

MemphisTN38134

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 4820 Royal Run Dr

$1,245

Total Monthly Price

Total Monthly Price

Base Rent
$1,234
Required Monthly Fees
$11
Total Monthly Price
$1,245

3 Bedroom, 2 Bath Rentals

Available Now

4820 Royal Run Dr

MemphisTN38128
property at 5652 Hinton Pl

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

2 Bedroom, 1.5 Bath Home for Rent

Available Now

5652 Hinton Pl

MemphisTN38119

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 1695 Myrna Ln

$1,390

Total Monthly Price

Total Monthly Price

Base Rent
$1,390
Total Monthly Price
$1,390

3 Bedroom, 1.1 Bath Rentals

Available Now

1695 Myrna Ln

MemphisTN38117
property at 1374 Greenland Rd

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,384
Required Monthly Fees
$11
Total Monthly Price
$1,395

3 Bedroom, 2 Bath Rentals

Available Now

1374 Greenland Rd

MemphisTN38134

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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property at 4388 Hunt Cliff Trce

$1,440

Total Monthly Price

Total Monthly Price

Base Rent
$1,410
Required Monthly Fees
$30
Total Monthly Price
$1,440

3 Bedroom, 2 Bath Rentals

Available Now

4388 Hunt Cliff Trce

MemphisTN38128

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 $695. 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$695
The Summit ApartmentsBirch1BR,1BA$765
Greenbrook at Shelby FarmsSycamore1BR,1BA$782
Arbors of Century CenterAsh - 1x1 Upgrade1BR,1BA$799
The Canopy 2200One Bedroom One Bathroom1BR,1BA$799
Sycamore Lake1 Bed 1 Bath1BR,1BA$816
Brentwood ApartmentsBrentwood 1 bed 1 bath 735sqft1BR,1BA$850
Mendenhall Gardens1A1BR,1BA$875
The Willows at Shelby Farms1X1-Ash1BR,1BA$899

Best Value Apartments for Rent in Northeast Memphis, TN

As of March 01, 2026 the best value apartment in the Northeast Memphis area is the $1.09 price per square foot 2 Bedroom-2.5 Bath Model at Fairfax Manor Townhomes in the in the Germantown neighborhood starting from $1,465. The second greatest value Northeast Memphis apartment is the 2 Bedroom/2 Bathroom - Renovated Model at Colonial Estates starting at $1,325 with a $0.99 price per square foot in the Cordova-Appling 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.
Fairfax Manor Townhomes2 Bedroom-2.5 Bath2BR,2.5BA$1.09
Colonial Estates2 Bedroom/2 Bathroom - Renovated2BR,2BA$0.99
Poplar Place TownhomesLennox2BR,1.5BA$1.01
Village of Sycamore Ridge2brTH 1.5ba2BR,1.5BA$0.84
The Landings at Houston LeveeThe Delta - 2x22BR,2BA$1.09
The Meridian Apartments2 Bed 2 Bath2BR,2BA$0.95
Oak Grove Flats3BR3BR,1.5BA$0.94
Avery Park Apartments2X1.52BR,1.5BA$1.08
Greenbrook at Shelby FarmsMagnolia1BR,1BA$1.07
Sycamore Lake1 Bed 1 Bath1BR,1BA$1.09

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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Frequently Asked Questions about Northeast Memphis

What type of rentals are currently available in Northeast Memphis?

There are currently 140 Apartments for Rent in Northeast Memphis, TN with pricing that ranges from $667 to $7,990. There are also 520 Single Family Homes for rent, Condos, and Townhome rentals currently available in Northeast Memphis ranging from $700 to $5,000.

What is the current price range for Rental Homes in Northeast Memphis?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Northeast Memphis ranges from $700 to $5,000 with an average monthly rent of $2,285.

How much are larger Three and Four Bedroom Rentals in Northeast Memphis?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Northeast Memphis range from $935 to $3,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $3,450. Four Bedroom Single-Family rentals are also available starting from $1,195 and Four Bedroom Apartments start at $1,723.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.