Cheap Apartments for Rent in the Overton Park East Neighborhood of Memphis, TN from $300 (196 Rentals)

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

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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Affordable Memphis: The Best Neighborhoods with Character and Lower Rents

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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. Yugo Memphis Southern has the second lowest priced unit, which is a 4 Beds apartment currently listed from $599. 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
Yugo Memphis Southern4 Bed, 4 Bath Classic4BR,4BA$599
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
Kimbrough Tower ApartmentsStudio 1 BathroomStudio,1BA$750
Village Square2028 #21BR,1BA$750
Monroe Flats1 Bedroom, 1 Bathroom1BR,1BA$799
The Sylvia1-Bedroom Unit1BR,1BA$800

Best Value Apartments for Rent in Overton Park East, TN

As of May 11, 2026 the best value apartment in the Overton Park East area is the $0.38 price per square foot Entire home 4 Bedrooms 4 Baths Model at Student Lofts at Brister in the in the East Memphis neighborhood starting from $695. The second greatest value Overton Park East apartment is the 2 Bed 2 Bath Model at 65 N Belvedere Blvd starting at $1,350 with a $1.00 price per square foot in the Midtown 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.
Student Lofts at BristerEntire home 4 Bedrooms 4 Baths1BR,1BA$0.38
65 N Belvedere Blvd2 Bed 2 Bath2BR,2BA$1.00
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
Hollywood Square2BD/1BA Downstairs2BR,1BA$1.00
Urban Peddler2BR 1BA2BR,1BA$1.02
High Point Apartments2 Bedroom 1 Bathroom2BR,1BA$0.77
Brister Place Apartments2bedroom, 1bathroom2BR,1BA$1.03
Audubon DownsOne Bedroom1BR,1BA$1.01
The Nine at Memphis2Bed / 2Bath A2BR,2BA$0.97
Parkside Poplar Apartments1 Bedroom1BR,1BA$1.02

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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Quick 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.

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Pet Friendly Lifestyle
Overton Park East, Memphis, TN

Ranked #9

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 the Cheapest Studio apartment in Overton Park East?

Currently the most affordable Cheap Studio Apartment in Overton Park East is at 31 S McLean Blvd listed at $725.

How much is rent for a Cheap One Bedroom Overton Park East Apartment?

The lowest price for a Cheap One Bedroom Overton Park East Apartment is $550 at 165 N Merton.

What is the lowest price for a Cheap Two Bedroom Overton Park East Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Overton Park East is starting from $659 at University Gardens Manor.

What is the most affordable Overton Park East Three Bedroom Apartment?

The best deal on a cheap Overton Park East Three Bedroom Apartment rental is at Hollywood Square and starts from $1,150.

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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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.

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.