Cheap Apartments for Rent in the Oakhaven Neighborhood of Memphis, TN from $400 (91 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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property at 5654 San Mateo

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 2 Bath Condo for Rent

Available Jul 31

5654 San Mateo, Unit San Mateo

5654 San Mateo
MemphisTN38115

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 Studio unit found at The Residences at Lakeview priced from $581. Pinebrook Pointe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $626. Here are the most affordable Oakhaven apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
The Residences at LakeviewStudioStudio,1BA$581
Pinebrook Pointe1 Bedroom 1 bathroom1BR,1BA$626
Emerald Park Apartments1 bedroom 1 bathroom1BR,1BA$650
Emerald Ridge Apartments1 bedroom 1 bathroom1BR,1BA$650
Azure Place Apartments1 Bedroom C1BR,1BA$710
Lakes at Ridgeway1 BR 1Bath1BR,1BA$750
The Residence Village Green1 Bedroom 1 Bathroom1BR,1BA$750
The Park at Paisley1 Bedroom / 1 Bathroom1BR,1BA$760
The Trails at Mt. Moriah1 bed 1 bath A1BR,1BA$775
Cedar Run1x11BR,1BA$785

Best Value Apartments for Rent in Oakhaven, TN

As of July 23, 2026 the best value apartment in the Oakhaven area is the $0.87 price per square foot 4 bedroom 2.5 bathroom Model at Emerald Square Apartments in the in the Oakhaven neighborhood starting from $1,399. The second greatest value Oakhaven apartment is the 3 bedroom 2.5 bathroom Model at Emerald Pointe 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 Apartments4 bedroom 2.5 bathroom4BR,2.5BA$0.87
Emerald Pointe3 bedroom 2.5 bathroom3BR,2.5BA$0.70
Ridgewyck Townhomes2 Bedroom2BR,2BA$0.88
Shadowbrook Townhomes2 Bedroom w/ Den2BR,1.5BA$0.69
Autumn Ridge ApartmentsThree Bedroom Two Bathroom3BR,2BA$0.99
Ridgeway PinesTwo Bedroom2BR,1.5BA$0.86
Twin Oaks2 Bedroom, 1.5 Bathroom TH2BR,1BA$0.87
Emerald Park Apartments2 bedroom 1.5 bathroom2BR,1.5BA$0.93
Aspen Parc2 Bedroom2BR,1.5BA$0.90
Pinebrook Pointe1 Bedroom 1 bathroom1BR,1BA$0.96

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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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.

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 $626 at Pinebrook Pointe.

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 $736 at The Residences at Lakeview.

What is the most affordable Oakhaven Three Bedroom Apartment?

The best deal on a cheap Oakhaven Three Bedroom Apartment rental is at Emerald Ridge Apartments and starts from $949.

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.

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