Cheap Apartments for Rent in the Oakhaven Neighborhood of Memphis, TN from $400 (30 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Oakhaven area of Memphis.

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Dogwood Trace
1 to 2 Bedroom Apartments

Dogwood Trace

4635 Forest Oak WayMemphis, TN 38118

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Windsor Place
1 to 3 Bedroom Apartments

Windsor Place

5267 Knight Arnold RdMemphis, TN 38118
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Inland Suites Lamar
1 Bedroom Apartments

Inland Suites Lamar

3913 Lamar AveMemphis, TN 38118
Corporate Housing
  • Utilities Included
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Eden Pointe
1 to 2 Bedroom Apartments

Eden Pointe

3187-3194 E Danville CirMemphis, TN 38118
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Verano Townhomes
1 to 3 Bedroom Apartments

Verano Townhomes

4544 Willow Creek DrMemphis, TN 38118
  • Utilities Included

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Corner Park
Studio to 2 Bedroom Apartments

Corner Park

4150 Winchester RdMemphis, TN 38118
  • Utilities Included

Oakhaven, Memphis, TN Local Guide

Cheapest Available Oakhaven Apartments for Rent

 

The cheapest available apartment rental in the Oakhaven area of Memphis, TN is a 1 Bed unit found at The Trails at Mt. Moriah priced from $560. The Residences at Lakeview has the second lowest priced unit, which is a Studio apartment currently listed from $581. Here are the most affordable Oakhaven apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
The Trails at Mt. Moriah1 bed 1 bath1BR,1BA$560
The Residences at LakeviewStudioStudio,1BA$581
Emerald Ridge-New1 bedroom 1 bathroom1BR,1BA$599
Windsor Place1X1W1BR,1BA$685
Emerald Park-New1 bedroom 1 bathroom1BR,1BA$699
Pinebrook Pointe-New1 Bedroom 1 bathroom1BR,1BA$699
The District ApartmentsUptown - 1 Bed, 1 Bath Studio1BR,1BA$768
The Bowery1 Bed 1 Bath Classic1BR,1BA$775
Stone Ridge at Germantown FallsStudioStudio,1BA$790
Riverdale1 Bed, 1 bath1BR,1BA$790

Best Value Apartments for Rent in Oakhaven, TN

As of October 21, 2025 the best value apartment in the Oakhaven area is the $0.75 price per square foot 4 bedroom 2.5 bathroom Model at Emerald Square-New in the in the Oakhaven neighborhood starting from $1,199. The second greatest value Oakhaven apartment is the 3 bedroom 2.5 bathroom Model at Emerald Pointe-New starting at $1,099 with a $0.70 price per square foot in the Oakhaven neighborhood. Here is today’s list of the best values for Oakhaven apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Emerald Square-New4 bedroom 2.5 bathroom4BR,2.5BA$0.75
Emerald Pointe-New3 bedroom 2.5 bathroom3BR,2.5BA$0.70
Ridgewyck Townhomes2 Bedroom2BR,2BA$0.80
Shadowbrook Townhomes2 Bedroom w/ Den2BR,1.5BA$0.69
Plum TreeTwo Bedroom2BR,1.5BA$0.81
Cedar Run Apartments3 Bedroom 2 Bath3BR,2BA$1.02
Emerald Park-New2 bedroom 1.5 bathroom2BR,1.5BA$0.93
Autumn Ridge ApartmentsTwo Bedroom Two Bathroom2BR,2BA$1.03
Emerald Ridge-New2 bedroom 1 bathroom2BR,1BA$0.98
Windsor Place1X1W1BR,1BA$1.03

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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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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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals in cities across the United States and customized analysis for Memphis, Tennessee. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, pet-friendly features, features that make it easier to raise kids, proximity to transit, walking, and biking. These search options are in the site filters at the top of this page.

Getting Around the Oakhaven Neighborhood in Memphis, TN

Walk Score®

24 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

32 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

27 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Oakhaven Apartments

What is the Cheapest Studio apartment in Oakhaven?

Currently the most affordable Cheap Studio Apartment in Oakhaven is at The Residences at Lakeview listed at $581.

How much is rent for a Cheap One Bedroom Oakhaven Apartment?

The lowest price for a Cheap One Bedroom Oakhaven Apartment is $560 at The Trails at Mt. Moriah.

What is the lowest price for a Cheap Two Bedroom Oakhaven Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Oakhaven is starting from $727 at The Trails at Mt. Moriah.

What is the most affordable Oakhaven Three Bedroom Apartment?

The best deal on a cheap Oakhaven Three Bedroom Apartment rental is at The Residences at Lakeview and starts from $815.

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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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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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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