Cheap Homes for Rent in Northeast Memphis Neighborhood of Memphis, TN from $600 (50 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

Total Monthly Price

Total Monthly Price

Base Rent
$700
Total Monthly Price
$700

1 Bedroom, 1 Bath Home for Rent

Available Now

6103 Yorkhill Dr, Unit B

6103 Yorkhill Dr
BartlettTN38135

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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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 6705 Majestic Oak Pl

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

2 Bedroom, 2 Bath Condo for Rent

Available Now

6705 Majestic Oak Pl, Unit 6705

6705 Majestic Oak Pl
MemphisTN38120
property at 2317 Belin Dr

$1,350

2 Bedroom Rentals

Available May 31

2317 Belin Dr

MemphisTN38133

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 4914 Durbin Ave

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395
Total Monthly Price
$1,395

3 Bedroom, 2 Bath Home for Rent

Available Now

4914 Durbin Ave

MemphisTN38122
property at 961 N Perkins Rd

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395
Total Monthly Price
$1,395

3 Bedroom, 1 Bath Home for Rent

Available Now

961 N Perkins Rd

MemphisTN38122

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.

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Showing Results 1-50, Page 1 of 1

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 $675. 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$675
Edgewater Apartments1BR/1BA1BR,1BA$705
Sycamore Lake1 Bed 1 Bath1BR,1BA$786
Covington HillsCVHA1r1BR,1BA$799
The Summit ApartmentsBirch1BR,1BA$821
The Canopy 2200One Bedroom One Bathroom Large1BR,1BA$829
Greenbrook at Shelby FarmsMagnolia1BR,1BA$850
Avery Park Apartments2X12BR,1BA$870
Mendenhall Gardens1A1BR,1BA$875

Best Value Apartments for Rent in Northeast Memphis, TN

As of May 31, 2026 the best value apartment in the Northeast Memphis area is the $0.69 price per square foot 3 Bed 2.5 Bath Model at Sunridge Townhomes in the in the Raleigh neighborhood starting from $1,250. The second greatest value Northeast Memphis apartment is the 3x2.5 Medium Model at Legacy on Lynnfield - NEWLY UPGRADED starting at $1,650 with a $1.00 price per square foot in the East Memphis 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 Townhomes3 Bed 2.5 Bath3BR,2.5BA$0.69
Legacy on Lynnfield - NEWLY UPGRADED3x2.5 Medium3BR,2.5BA$1.00
The Landings at Houston LeveeThe Brookside - 3x23BR,2BA$1.03
Poplar Place TownhomesLennox2BR,1.5BA$1.01
Village of Sycamore Ridge2brTH 1.5ba2BR,1.5BA$0.84
The Stella ApartmentsMagellan - 2 Bed, 2 Bath2BR,2BA$1.08
The Glen Townhomes2 BD2BR,1.5BA$1.02
Oak Grove Flats3BR3BR,1.5BA$0.94
Edgewater Apartments1BR/1BA1BR,1BA$0.94
Sycamore Lake1 Bed 1 Bath1BR,1BA$1.05

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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Real 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.

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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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Pet Friendly Lifestyle
Northeast Memphis, Memphis, TN

Ranked #7

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 142 Apartments for Rent in Northeast Memphis, TN with pricing that ranges from $667 to $7,985. There are also 567 Single Family Homes for rent, Condos, and Townhome rentals currently available in Northeast Memphis ranging from $695 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 $695 to $5,500 with an average monthly rent of $1,931.

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 $3,789, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,170 to $2,950. Four Bedroom Single-Family rentals are also available starting from $1,195 and Four Bedroom Apartments start at $1,800.

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

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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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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.

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The Local Memphis Experts Guide to Renting Near the Citys Top Employers

Written by: Joshua Carlucci

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Articles, How-To's, and Tips

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.