
Cheap Apartments for Rent in the Oakhaven Neighborhood of Memphis, TN from $400 (99 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oakhaven area of Memphis.


Emerald Park Apartments

Emerald Ridge Apartments

Pinebrook Pointe

The Trails at Mt. Moriah

Azure Place Apartments

Cedar Mill Apartments & Townhouses

The Residence Village Green

Lakes at Ridgeway

The Park at Paisley
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.

The Bowery

Twin Oaks

Edge at Lakeview

The Park at Hollyford

The Park at New Castle

The Boulevard

The Local Apartments

The Brooklyn Memphis

Shadowbrook Townhomes

The Nova Apartments
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.

Cedar Run

The District Apartments

The Ellington at Kirby

Ridgeway Pines

Hickory Grove

Getwell Pointe Apartments

Hickory Pointe

Aspen Parc

Hickory Farms

Crossings at Fox Meadows
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.

The Parkway

The Elevation at Autumn Ridge

Riverdale

Emerald Pointe

Tranquility at Hickory Hill Senior Apartments

Autumn Ridge Apartments

Landings At Winchester

Hickory Forest

Emerald Square Apartments

Highland Hills
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.

4095 Kenosha Rd

MONTICELLO

3752 Cambridge Station Dr

2814 Los Gatos Ct, Unit 2814 ‘Los Gatos

5555 Blossom Ln

2796 Mojave Pl, Unit 171

4167 Cochese Rd

Hedgerow Apartments

4227 Kenosha Rd

The Wyndham Apartments
Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
Moving to the Bluff City? Get the insider’s guide on Memphis life, from specific neighborhood personalities and current average rent, to the best barbecue and live music spots.
Oakhaven, Memphis, TN Local Guide

How much does it cost to rent an apartment in Oakhaven?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oakhaven Studio Apartments | $625 | $581 | $1,029 |
| Oakhaven 1 Bedroom Apartments | $864 | $635 | $1,866 |
| Oakhaven 2 Bedroom Apartments | $992 | $736 | $1,600 |
| Oakhaven 3 Bedroom Apartments | $1,178 | $940 | $2,010 |
| Oakhaven 4 Bedroom Apartments | $1,409 | $1,399 | $1,460 |
Browse Apartments in this Neighborhood
There are currently 99 rentals with your search options within a 2 mile radius of the Oakhaven Neighborhood of Memphis, TN.
See all Apartments in MemphisExplore Memphis
Oakhaven, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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. Windsor Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $645. Here are the most affordable Oakhaven apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Residences at Lakeview | Studio | Studio,1BA | $581 |
| Windsor Place | 1X1B | 1BR,1BA | $645 |
| Emerald Park Apartments | 1 bedroom 1 bathroom | 1BR,1BA | $650 |
| Pinebrook Pointe | 1 Bedroom 1 bathroom | 1BR,1BA | $650 |
| Emerald Ridge Apartments | 1 bedroom 1 bathroom | 1BR,1BA | $650 |
| The Trails at Mt. Moriah | 1 bed 1 bath F | 1BR,1BA | $699 |
| Azure Place Apartments | 1 Bedroom C | 1BR,1BA | $710 |
| Lakes at Ridgeway | 1 BR 1Bath | 1BR,1BA | $750 |
| The Bowery | 1 Bed 1 Bath Classic | 1BR,1BA | $777 |
| The Local Apartments | Ross - 1 Bed, 1 Bath | 1BR,1BA | $808 |
Best Value Apartments for Rent in Oakhaven, TN
As of June 08, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Emerald Square Apartments | 4 bedroom 2.5 bathroom | 4BR,2.5BA | $0.87 |
| Emerald Pointe | 3 bedroom 2.5 bathroom | 3BR,2.5BA | $0.70 |
| Shadowbrook Townhomes | 2 Bedroom w/ Den | 2BR,1.5BA | $0.69 |
| Ridgeway Pines | Two Bedroom | 2BR,1.5BA | $0.86 |
| Twin Oaks | 2 Bedroom, 1.5 Bathroom TH | 2BR,1BA | $0.87 |
| Emerald Park Apartments | 2 bedroom 1.5 bathroom | 2BR,1.5BA | $0.93 |
| Aspen Parc | 2 Bedroom | 2BR,1.5BA | $0.90 |
| Windsor Place | 1X1B | 1BR,1BA | $0.92 |
| Pinebrook Pointe | 1 Bedroom 1 bathroom | 1BR,1BA | $1.00 |
| Emerald Ridge Apartments | 1 bedroom 1 bathroom | 1BR,1BA | $1.00 |
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!
Read ArticleDon'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 ArticleReal 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.
Read ArticleQuick 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.
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 $645 at Windsor Place.
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.
Helpful Local Expert Guides

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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.

The Local Memphis Experts Guide to Renting Near the Citys Top Employers
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.

Memphis, Tennessee: A Local Experts Insider Guide to the Bluff City
Written by: Joshua Carlucci
Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.
Articles, How-To's, and Tips

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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.

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.