Cheap Homes for Rent in Overton Park East Neighborhood of Memphis, TN from $600 (74 Rentals)

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Search the lowest-cost Homes 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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property at 820 Maury St

$775

1 Bedroom Rentals

Available Now

820 Maury St

MemphisTN38107

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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property at 3449 Southern Ave

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

1 Bedroom, 1 Bath Condo for Rent

Available Now

3449 Southern Ave, Unit 3453 - 102

3449 Southern Ave
MemphisTN38111

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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property at 528 E Pkwy N

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

2 Bedroom, 2 Bath Home for Rent

Available Now

528 E Pkwy N, Unit 9

528 E Pkwy N
MemphisTN38112

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.

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property at 24 N Cooper St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

Studio, 1 Bath Townhome for Rent

Available Jun 12

24 N Cooper St, Unit 1

24 N Cooper St
MemphisTN38104

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.

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Showing Results 1-50, Page 1 of 2

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
Kings Reserve MemphisPeabodyStudio,1BA$725
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

Best Value Apartments for Rent in Overton Park East, TN

As of June 08, 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 Baths1BR,1BA$0.38
9 S Tucker St, Unit 9 S Tucker9 S Tucker St2BR,1BA$0.60
641 S Rembert St, Unit 641641 S Rembert St2BR,2BA$0.91
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
Idlewild Terrace2BR/1.0BA2BR,1BA$0.89
2289 Monroe Ave, Unit 22892289 Monroe Ave1BR,1BA$0.91
High Point Apartments2 Bedroom 1 Bathroom2BR,1BA$0.77
1011 S Willett St, Unit #31011 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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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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Frequently Asked Questions about Overton Park East

What type of rentals are currently available in Overton Park East?

There are currently 569 Apartments for Rent in Overton Park East, TN with pricing that ranges from $525 to $3,400. There are also 185 Single Family Homes for rent, Condos, and Townhome rentals currently available in Overton Park East ranging from $650 to $4,900.

What is the current price range for Rental Homes in Overton Park East?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Overton Park East ranges from $650 to $4,900 with an average monthly rent of $1,907.

How much are larger Three and Four Bedroom Rentals in Overton Park East?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Overton Park East range from $650 to $3,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,295 and Four Bedroom Apartments start at $599.

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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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.

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