Cheap Apartments for Rent in the Overton Park East Neighborhood of Memphis, TN from $300 (185 Rentals)

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

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Cherokee Arms
Studio to 1 Bedroom Apartments

Cherokee Arms

1508 Madison AveMemphis, TN 38104

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Overton Park East, Memphis, TN Local Guide

Cheapest Available Overton Park East Apartments for Rent

 

The cheapest available apartment rental in the Overton Park East area of Memphis, TN is a 1 Bed unit found at 165 N Merton priced from $550. Monarch on Highland has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here are the most affordable Overton Park East apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
165 N Merton1BR/1.0BA1BR,1BA$550
Monarch on HighlandMHLA11BR,1BA$600
University Gardens Manor2x1 Classic2BR,1BA$659
31 S McLean BlvdStudioStudio,1BA$725
High Point Apartments2 Bedroom 1 Bathroom2BR,1BA$730
Village Square2068 #21BR,1BA$750
Kimbrough Tower ApartmentsStudio 1 BathroomStudio,1BA$750
The JunctionThe Engineer1BR,1BA$773

Best Value Apartments for Rent in Overton Park East, TN

As of June 25, 2026 the best value apartment in the Overton Park East area is the $0.53 price per square foot 4 Beds, 2 Baths Model at 378 N Highland St in the in the East Memphis neighborhood starting from $1,600. The second greatest value Overton Park East apartment is the 3 Beds, 2 Baths Model at 2191 Washington Ave starting at $1,600 with a $0.84 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for Overton Park East apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
378 N Highland St4 Beds, 2 Baths4BR,2BA$0.53
2191 Washington Ave3 Beds, 2 Baths3BR,2BA$0.84
Student Lofts at BristerEntire home 4 Bedrooms 4 Baths(SHARED HOUSING1BR,1BA$0.38
High Point Apartments3 Bedroom 2 Bathroom3BR,2BA$0.93
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
641 S Rembert St, Unit 641641 S Rembert St2BR,2BA$0.91
34 N Idlewild St2BR/1.0BA2BR,1BA$0.89
Hollywood Square2BD/1BA Downstairs2BR,1BA$1.00
The Nine at Memphis2Bed / 2Bath A2BR,2BA$0.97
1011 S Willett St1011 S Willett St1BR,1BA$0.88

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
Overton Park East, Memphis, TN

Ranked #8

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

This website is proud to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, metropolitan areas, and rental properties across Tennessee 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 rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Overton Park East Apartments

What is a cheap apartment in Overton Park East?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Overton Park East is under $773.

What is the price of a cheap apartment in Overton Park East?

The cheapest apartment in Overton Park East is 165 N Merton which is listed at $550, while the average apartment in Overton Park East costs $1,360.

What types of apartments are the cheapest in Overton Park East?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 180 regular apartments in Overton Park East that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Overton Park East?

Cheap apartments in Overton Park East have an average cost of $587 which is $773 cheaper than the average rent for all rentals in Overton Park East.

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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