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$649 - $8291 to 3 Bedroom Apartments Contact Us For Availability
Huntington Hills
2872 Coach DrMemphis, TN 38128
Cheap Apartments for Rent in the Raleigh Neighborhood of Memphis, TN from $600 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Raleigh area of Memphis.
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$700 - $9001 to 3 Bedroom Apartments Available Now
Hilldale Apartments
3500 Westline DrMemphis, TN 38128
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$725 - $8252 to 3 Bedroom Apartments Available Now
Beverly Springs
2879 Beverly Hills RdMemphis, TN 38128
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$735 - $9301 to 3 Bedroom Apartments Available Now
Lexington Apartments
4123 Aux Arms DrMemphis, TN 38128
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$740 - $8501 to 2 Bedroom Apartments Available Now
Jamesbridge
3815 N Advantage Way DrMemphis, TN 38128
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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$745 - $9951 to 3 Bedroom Apartments Available Now
Avery Park Apartments
4845 Bontura DrMemphis, TN 38128
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$750 - $1,3251 to 3 Bedroom Apartments Available Now
The Meridian Apartments
4787 Garden Grove CvMemphis, TN 38128
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$799 - $8991 to 2 Bedroom Apartments Available Now
Scenic Hills Apartments
3108 New Allen RdMemphis, TN 38128
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2876 Cela Rd
MemphisTN38128
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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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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 | $725 | $649 | $799 |
| Raleigh 2 Bedroom Apartments | $883 | $725 | $1,395 |
| Raleigh 3 Bedroom Apartments | $1,122 | $829 | $1,495 |
| Raleigh 4 Bedroom Apartments | $1,795 | $1,795 | $1,795 |
Browse Apartments in this Neighborhood
There are currently 13 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 Hilldale Apartments priced from $700. Walden Pointe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $720. Here are the most affordable Raleigh apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hilldale Apartments | 1x1 | 1BR,1BA | $700 |
| Walden Pointe | One Bedroom 1X1C | 1BR,1BA | $720 |
| Beverly Springs | 2 Bedroom, 1 Bathroom | 2BR,1BA | $725 |
| Jamesbridge | 1 Bed / 1 Bath - Comfort Option | 1BR,1BA | $740 |
| Scenic Hills Apartments | 1 Bedroom | 1BR,1BA | $799 |
Best Value Apartments for Rent in Raleigh, TN
As of October 24, 2025 the best value apartment in the Raleigh area is the $0.70 price per square foot 3 Bed / 2 Bath - Family Option Model at Lakes at Epping Way in the in the Raleigh neighborhood starting from $975. The second greatest value Raleigh apartment is the 2 Bed 2 Bath Model at The Meridian Apartments starting at $999 with a $1.00 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. |
|---|---|---|---|
| Lakes at Epping Way | 3 Bed / 2 Bath - Family Option | 3BR,2BA | $0.70 |
| The Meridian Apartments | 2 Bed 2 Bath | 2BR,2BA | $1.00 |
| Hilldale Apartments | 3x1 | 3BR,1.5BA | $0.90 |
| Lexington Apartments | 22G60 | 2BR,2BA | $0.96 |
| Beverly Springs | 2 Bedroom, 1 Bathroom | 2BR,1BA | $0.84 |
| Scenic Hills Apartments | 2 Bedroom Flat | 2BR,1BA | $1.05 |
| Luxe at Raleigh | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.12 |
| Avery Park Apartments | 2X1 | 2BR,1BA | $1.10 |
| Rivergrove | 1B | 1BR,1BA | $1.07 |
| Jamesbridge | 1 Bed / 1 Bath - Comfort Option | 1BR,1BA | $1.12 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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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 LifestyleRaleigh, Memphis, TN
Ranked #78
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet 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
What is the price of a cheap apartment in Raleigh?
The cheapest apartment in Raleigh is Hilldale Apartments which is listed at $700, while the average apartment in Raleigh costs $1,795.
What types of apartments are the cheapest in Raleigh?
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 6 regular apartments in Raleigh 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 Raleigh?
Cheap apartments in Raleigh have an average cost of $170 which is $1,625 cheaper than the average rent for all rentals in Raleigh.
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.
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.