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$649 - $8291 to 3 Bedroom Apartments Available Now
Huntington Hills
2872 Coach DrMemphis, TN 38128
Cheap Apartments for Rent in the Raleigh Neighborhood of Memphis, TN from $649 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in the Raleigh area of Memphis.
2876 Cela Rd
MemphisTN38128
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$680 - $1,1501 to 3 Bedroom Apartments Available Now
Walden Pointe
4168 The Place StMemphis, TN 38128
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$695 - $1,185Studio to 3 Bedroom Apartments Available Now
Rivergrove
4000 Rio Lobo DrMemphis, TN 38128
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$700 - $9001 to 3 Bedroom Apartments Available Now
Hilldale Apartments
3500 Westline DrMemphis, TN 38128
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$745 - $1,0201 to 3 Bedroom Apartments Available Now
Avery Park Apartments
4845 Bontura DrMemphis, TN 38128
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$750 - $9501 to 3 Bedroom Apartments Available Now
Stonegate Apartments
4500 Stonegate DrMemphis, TN 38128
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$775 - $9751 to 3 Bedroom Apartments Available Now
Luxe at Raleigh
4183 Troost DrMemphis, TN 38128
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$785 - $9751 to 3 Bedroom Apartments Available Now
Epping Way
2690 Drury Way LnMemphis, TN 38128
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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$795 - $9951 to 3 Bedroom Apartments Available Now
Lexington Apartments
4123 Aux Arms DrMemphis, TN 38128
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$800 - $1,2501 to 3 Bedroom Apartments Available Oct 7
The Meridian Apartments
4787 Garden Grove CvMemphis, TN 38128
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$8992 Bedroom Apartments Available Now
2879 Beverly Hill St, Unit 2866-02
2879 Beverly Hill StMemphis, TN 38128
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$900 - $1,4991 to 3 Bedroom Apartments Available Now
Covington Hills
4800 Raleigh Lagrange RdMemphis, TN 38128
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3916 Tessland Rd
MemphisTN38128
3710 Dorado Cove
MemphisTN38128
4166 Hobson Rd
MemphisTN38128
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1 to 2 Bedroom Apartments
Scenic Hills Apartments
3108 New Allen RdMemphis, TN 38128
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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2 to 3 Bedroom Apartments
Beverly Springs
2879 Beverly Hills RdMemphis, TN 38128
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1 to 3 Bedroom Apartments
Country View
3990 Stephanie LnMemphis, TN 38128
1 TN-1
MemphisTN38128
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1 to 2 Bedroom Apartments
Jamesbridge
3815 N Advantage Way DrMemphis, TN 38128
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1 to 3 Bedroom Apartments
Coves at Yale
5022 Yale RdMemphis, TN 38128
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1 to 3 Bedroom Apartments
The Summit Apartments
4981 Hidden Lake DrMemphis, TN 38128
2 Bedroom
MemphisTN38128
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1 to 3 Bedroom Apartments
Creekwood Village Apartments
4302 Creekwood DrMemphis, TN 38128
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1 to 3 Bedroom Apartments
Highland Chateau
5246 Raleigh Lagrange RdMemphis, TN 38134
The Local Memphis Expert's Guide to Renting Near the City's Top Employers
Memphis apartment guide from a local expert, breaking down neighborhoods, average rent, and ideal commute times near the 5 largest employers - FedEx, St. Jude, U of M, Methodist, and AutoZone.
2083 Charleston Rd
MemphisTN38128
3742 Berry Ln
MemphisTN38128
2812 E Hickory Bluff
MemphisTN38128
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2 to 4 Bedroom Apartments
Raleigh Court Townhomes
4258 Green Hall WayMemphis, TN 38128
4180 Kerwin Dr
MemphisTN38128
4217 Windermere Rd
MemphisTN38128
4032 Haliburton St
MemphisTN38128
3725 Dorado Cove
MemphisTN38128
5292 Stage Rd
BartlettTN38134
Affordable Memphis: The Best Neighborhoods with Character and Lower Rents
Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.
Showing Results 1-36, 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 Studio Apartments | $695 | $695 | $695 |
| Raleigh 1 Bedroom Apartments | $767 | $649 | $900 |
| Raleigh 2 Bedroom Apartments | $969 | $729 | $1,145 |
| Raleigh 3 Bedroom Apartments | $1,107 | $829 | $1,499 |
| Raleigh 4 Bedroom Apartments | $1,545 | $1,545 | $1,545 |
Browse Apartments in this Neighborhood
There are currently 36 rentals with your search options within a 2 mile radius of the Raleigh Neighborhood of Memphis, TN.
See all Apartments in MemphisExplore Memphis
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 Huntington Hills priced from $649. Hilldale Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Raleigh apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Huntington Hills | 1 BR/ 1 BA | 1BR,1BA | $649 |
| Hilldale Apartments | 1x1 | 1BR,1BA | $700 |
| Walden Pointe | 1x1 w/ washer and dryer connections | 1BR,1BA | $720 |
| Beverly Springs | 2 Bedroom, 1 Bathroom | 2BR,1BA | $725 |
| Luxe at Raleigh | 1 Bedroom, 1 Bathroom | 1BR,1BA | $775 |
| Epping Way | A1 | 1BR,1BA | $785 |
| The Summit Apartments | Birch | 1BR,1BA | $787 |
| Lexington Apartments | 11G50 | 1BR,1BA | $795 |
| Rivergrove | 1B | 1BR,1BA | $799 |
| Avery Park Apartments | 2X1 | 2BR,1BA | $845 |
Best Value Apartments for Rent in Raleigh, TN
As of September 09, 2026 the best value apartment in the Raleigh area is the $0.74 price per square foot 4 Bed, 3 Bath Model at Sunridge Townhomes in the in the Raleigh neighborhood starting from $1,545. The second greatest value Raleigh apartment is the 3 bedroom 1 1/2 bath Regular Model at Raleigh Court Townhomes starting at $1,185 with a $0.90 price per square foot in the Raleigh 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. |
|---|---|---|---|
| Sunridge Townhomes | 4 Bed, 3 Bath | 4BR,3BA | $0.74 |
| Raleigh Court Townhomes | 3 bedroom 1 1/2 bath Regular | 3BR,1.5BA | $0.90 |
| Country View | C1 | 3BR,2BA | $0.85 |
| Hilldale Apartments | 3x1 | 3BR,1.5BA | $0.90 |
| Beverly Springs | 2 Bedroom, 1 Bathroom | 2BR,1BA | $0.84 |
| Epping Way | A1 | 1BR,1BA | $1.01 |
| Rivergrove | 1B | 1BR,1BA | $1.07 |
| Stonegate Apartments | 1 bed 1 bath | 1BR,1BA | $1.00 |
| Walden Pointe | 1x1 w/ washer and dryer connections | 1BR,1BA | $1.03 |
| Huntington Hills | 1 BR/ 1 BA | 1BR,1BA | $0.97 |
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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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 LifestyleRaleigh, Memphis, TN
Ranked #81
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 $649 at Huntington Hills.
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 $725 at Beverly Springs.
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
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.
Helpful Local Expert Guides
Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
Written by: Joshua Carlucci
Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.
The Local Memphis Expert's Guide to Renting Near the Citys Top Employers
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.
College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.