Cheap Apartments for Rent in the Oakhaven Neighborhood of Memphis, TN from $400 (90 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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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. Emerald Ridge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $599. Here are the most affordable Oakhaven apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
The Residences at LakeviewStudioStudio,1BA$581
Emerald Ridge1 bedroom 1 bathroom1BR,1BA$599
Emerald Park1 bedroom 1 bathroom1BR,1BA$699
Pinebrook Pointe1 Bedroom 1 bathroom1BR,1BA$699
The Trails at Mt. Moriah1 bed 1 bath F1BR,1BA$725
Verano Townhomes1 Bed, 1 bath1BR,1BA$750
The Residence Village Green1 Bedroom 1 Bathroom1BR,1BA$750
The Bowery1 Bed 1 Bath Classic1BR,1BA$766
Stone Ridge at Germantown FallsStudioStudio,1BA$790
Hickory Grove1 Bedroom, 1 Bathroom1BR,1BA$795

Best Value Apartments for Rent in Oakhaven, TN

As of April 23, 2026 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 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 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 Square4 bedroom 2.5 bathroom4BR,2.5BA$0.75
Emerald Pointe3 bedroom 2.5 bathroom3BR,2.5BA$0.70
Shadowbrook Townhomes2 Bedroom w/ Den2BR,1.5BA$0.69
Autumn Ridge ApartmentsThree Bedroom Two Bathroom3BR,2BA$0.98
Ridgeway PinesTwo Bedroom2BR,1.5BA$0.86
Crossings at Fox Meadows2 Bedroom, 1 Bathroom2BR,1BA$0.98
Twin Oaks2 Bedroom, 1 Bathroom2BR,1BA$0.91
Emerald Park2 bedroom 1.5 bathroom2BR,1.5BA$0.93
Aspen Parc2 Bedroom2BR,1.5BA$0.90
Emerald Ridge2 bedroom 1 bathroom2BR,1BA$0.98

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Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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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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.

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 $599 at Emerald Ridge.

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 The Residences at Lakeview and starts from $940.

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.

Articles, How-To's, and Tips

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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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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.

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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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.