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Cheap Apartments for Rent in the Raleigh Neighborhood of Memphis, TN from $500 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Raleigh area of Memphis.
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from $7291 to 3 Bedroom Apartments Available Now
Huntington Hills
2872 Coach DrMemphis, TN 38128
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from $7351 to 3 Bedroom Apartments Available Jun 10
Lexington Apartments
4123 Aux Arms DrMemphis, TN 38128
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from $7401 to 3 Bedroom Apartments Available Now
Country View Apartments
3990 Stephanie LnMemphis, TN 38128
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from $7451 to 3 Bedroom Apartments Available Now
Avery Park Apartments
4845 Bontura DrMemphis, TN 38128
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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from $7501 to 3 Bedroom Apartments Available Now
The Meridian Apartments
4787 Garden Grove CvMemphis, TN 38128
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from $7851 to 3 Bedroom Apartments Available Now
Lakes at Epping Way
2690 Drury Way LnMemphis, TN 38128
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from $7991 to 2 Bedroom Apartments Available Now
Scenic Hills Apartments
3108 New Allen RdMemphis, TN 38128
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from $8491 to 3 Bedroom Apartments Available Now
Tanglewood
5770 Tangle Oaks DrMemphis, TN 38134
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from $8501 to 3 Bedroom Apartments Available Now
Brentwood Apartments
1835 Sycamore View RdMemphis, TN 38134
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from $8502 Bedroom Apartments Available Now
Cedarwood Apartments
2880 Beverly Hills RdMemphis, TN 38128
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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from $8801 to 3 Bedroom Apartments Available Now
Highland Chateau
5246 Raleigh Lagrange RdMemphis, TN 38134
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Showing Results 1-22, Page 1 of 1
Raleigh, Memphis, TN Local Guide
How much does it cost to rent an apartment in Raleigh?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Raleigh 1 Bedroom Apartments | $791 | $680 | $1,019 |
| Raleigh 2 Bedroom Apartments | $946 | $729 | $1,645 |
| Raleigh 3 Bedroom Apartments | $1,245 | $829 | $1,860 |
| Raleigh 4 Bedroom Apartments | $1,772 | $1,535 | $2,150 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the Raleigh Neighborhood of Memphis, TN.
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Raleigh, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Raleigh Apartments for Rent
The cheapest available apartment rental in the Raleigh area of Memphis, TN is a 1 Bed unit found at Walden Pointe priced from $720. Huntington Hills has the second lowest priced unit, which is a 2 Beds apartment currently listed from $729. Here are the most affordable Raleigh apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Walden Pointe | One Bedroom 1X1C | 1BR,1BA | $720 |
| Huntington Hills | 2 BR/ 1 BA | 2BR,1BA | $729 |
| Jamesbridge | 1 Bed / 1 Bath - Comfort Option | 1BR,1BA | $740 |
| Country View Apartments | 1 Bed / 1 Bath - Standard Option | 1BR,1BA | $740 |
| The Meridian Apartments | 1 Bed 1 Bath | 1BR,1BA | $750 |
Best Value Apartments for Rent in Raleigh, TN
As of June 08, 2025 the best value apartment in the Raleigh area is the $0.89 price per square foot 2 Bed 1.5 Bath Model at Cedarwood Apartments in the in the Raleigh neighborhood starting from $850. The second greatest value Raleigh apartment is the 2 Bed / 2 Bath – Spacious Townhome Model at Abington starting at $800 with a $0.89 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for Raleigh apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cedarwood Apartments | 2 Bed 1.5 Bath | 2BR,1.5BA | $0.89 |
| Abington | 2 Bed / 2 Bath – Spacious Townhome | 2BR,1.5BA | $0.89 |
| Beverly Springs | 2 Bedroom, 1 Bathroom | 2BR,1BA | $0.96 |
| The Meridian Apartments | 1 Bed 1 Bath | 1BR,1BA | $0.94 |
| Luxe at Raleigh | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.07 |
| Lakes at Epping Way | 1 Bed / 1 Bath - Comfort Option | 1BR,1BA | $1.01 |
| Scenic Hills Apartments | 1 Bedroom | 1BR,1BA | $1.03 |
| Avery Park Apartments | 2X1 | 2BR,1BA | $1.10 |
| Huntington Hills | 1 BR/ 1 BA | 1BR,1BA | $1.12 |
| Jamesbridge | 1 Bed / 1 Bath - Comfort Option | 1BR,1BA | $1.12 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleRaleigh, Memphis, TN
Ranked #84
Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Getting Around the Raleigh Neighborhood in Memphis, TN
Walk Score®
34 / 100
Car-Dependent
Most errands require a car
Bike Score®
34 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
21 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Raleigh Apartments
How much is rent for a Cheap One Bedroom Raleigh Apartment?
The lowest price for a Cheap One Bedroom Raleigh Apartment is $720 at Walden Pointe.
What is the lowest price for a Cheap Two Bedroom Raleigh Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Raleigh is starting from $729 at Huntington Hills.
What is the most affordable Raleigh Three Bedroom Apartment?
The best deal on a cheap Raleigh Three Bedroom Apartment rental is at Huntington Hills and starts from $829.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.