Cheap Homes for Rent in Northeast Memphis Neighborhood of Memphis, TN from $700 (75 Rentals)

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

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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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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property at 4626 Owen Rd

4626 Owen Rd

MemphisTN38122
property at 971 June Rd

971 June Rd, Unit 4

971 June Rd
MemphisTN38119

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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property at 6601 Poplar Ave

6601 Poplar Ave

GermantownTN38138
property at 4801 Given Ave

4801 Given Ave

MemphisTN38122

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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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 Studio unit found at Elite Living Residence priced from $650. Summer Trace Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $730. Here are the most affordable Northeast Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Elite Living ResidenceStudioStudio,1BA$650
Summer Trace ApartmentsThe Ayers1BR,1BA$730
Oak Grove FlatsStudioStudio,1BA$745
Sycamore Lake1 Bed 1 Bath1BR,1BA$762
The Summit ApartmentsAsh1BR,1BA$842
Greenbrook at Shelby FarmsSycamore1BR,1BA$843
Avery Park Apartments2X12BR,1BA$845
The Stella ApartmentsColumbus - 1 Bed, 1 Bath1BR,1BA$850
Covington Hills1 BR renovated1BR,1BA$850
Brentwood Apartments1x1 Classic1BR,1BA$850

Best Value Apartments for Rent in Northeast Memphis, TN

As of August 02, 2025 the best value apartment in the Northeast Memphis area is the $0.85 price per square foot 4 Bed, 3 Bath Model at Sunridge Townhomes in the in the Raleigh neighborhood starting from $1,795. The second greatest value Northeast Memphis apartment is the The Brookside - 3x2 Model at The Landings at Houston Levee starting at $1,514 with a $1.12 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 Townhomes4 Bed, 3 Bath4BR,3BA$0.85
The Landings at Houston LeveeThe Brookside - 3x23BR,2BA$1.12
The Stella ApartmentsMagellan - 2 Bed, 2 Bath2BR,2BA$1.10
The Glen Townhomes2 BD2BR,1.5BA$1.02
The Meridian Apartments2 Bed 2 Bath2BR,2BA$0.90
Greenbrook at Shelby FarmsWillow2BR,1.5BA$1.12
The SummereastB32BR,2BA$1.11
Avery Park Apartments2X12BR,1BA$1.10
Deerfield Apartments1.11BR,1BA$1.13
Sycamore Lake1 Bed 1 Bath1BR,1BA$1.02

Quick Rent Budget Calculator

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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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Frequently Asked Questions about Northeast Memphis

What type of rentals are currently available in Northeast Memphis?

There are currently 138 Apartments for Rent in Northeast Memphis, TN with pricing that ranges from $650 to $8,029. There are also 701 Single Family Homes for rent, Condos, and Townhome rentals currently available in Northeast Memphis ranging from $775 to $5,500.

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 $775 to $5,500 with an average monthly rent of $1,849.

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 $975 to $8,029, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,455 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.

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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.