Cheap Homes for Rent in Northeast Memphis Neighborhood of Memphis, TN from $700 (188 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article
property at 4626 Owen Rd

4626 Owen Rd

MemphisTN38122

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.

Read Article
property at 978 Gary St

978 Gary St

MemphisTN38122
property at 4801 Given Ave

4801 Given Ave

MemphisTN38122

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.

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-50, Page 1 of 4

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
Summer Trace ApartmentsThe Bonelli2BR,1BA$795
The Summit ApartmentsBirch1BR,1BA$797
Greenbrook at Shelby FarmsSycamore1BR,1BA$812
Avery Park Apartments2X12BR,1BA$845
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

Best Value Apartments for Rent in Northeast Memphis, TN

As of October 14, 2025 the best value apartment in the Northeast Memphis area is the $0.84 price per square foot 2brTH 1.5ba Model at Village of Sycamore Ridge in the in the East Memphis neighborhood starting from $1,045. The second greatest value Northeast Memphis apartment is the Dupree Model at Poplar Place Townhomes starting at $1,275 with a $1.07 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.
Village of Sycamore Ridge2brTH 1.5ba2BR,1.5BA$0.84
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
Summer Trace ApartmentsThe Bonelli2BR,1BA$0.99
Avery Park Apartments2X12BR,1BA$1.10
Greenbrook at Shelby FarmsSycamore1BR,1BA$1.08
Deerfield Apartments1.11BR,1BA$1.13

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.

decorative image of people with a giant lease agreement

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

decorative image of woman handing cat to small boy

Frequently Asked Questions about Northeast Memphis

What type of rentals are currently available in Northeast Memphis?

There are currently 132 Apartments for Rent in Northeast Memphis, TN with pricing that ranges from $650 to $7,990. There are also 714 Single Family Homes for rent, Condos, and Townhome rentals currently available in Northeast Memphis ranging from $795 to $6,000.

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 $795 to $6,000 with an average monthly rent of $2,429.

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 $950 to $3,223, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,045 to $2,985. Four Bedroom Single-Family rentals are also available starting from $1,375 and Four Bedroom Apartments start at $1,795.

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.