close
View Me
$598 - $9001 to 3 Bedroom Apartments Available Now
Hilldale Apartments
3500 Westline DrMemphis, TN 38128
Cheap Apartments for Rent in the Raleigh Neighborhood of Memphis, TN from $500 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the Raleigh area of Memphis.
close
View Me
Rent Specials
$680 - $1,1501 to 3 Bedroom Apartments Available Now
Walden Pointe
4168 The Place StMemphis, 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.
close
View Me
Rent Specials
$700 - $1,1951 to 3 Bedroom Apartments Available Nov 14
The Meridian Apartments
4787 Garden Grove CvMemphis, TN 38128
close
View Me
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.
close
View Me
Showing Results 1-5, 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 | $737 | $600 | $880 |
| Raleigh 2 Bedroom Apartments | $859 | $598 | $1,395 |
| Raleigh 3 Bedroom Apartments | $1,052 | $698 | $1,495 |
Browse Apartments in this Neighborhood
There are currently 5 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 $600. 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 | $600 |
| Walden Pointe | One Bedroom 1X1C | 1BR,1BA | $720 |
| Huntington Hills | 2 BR/ 1 BA | 2BR,1BA | $729 |
Best Value Apartments for Rent in Raleigh, TN
As of September 08, 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 2B Model at Rivergrove starting at $925 with a $0.82 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 |
| Rivergrove | 2B | 2BR,1.5BA | $0.82 |
| 2775 The Springs Ct, Unit 2777 | 2775 The Springs Ct | 2BR,1.5BA | $0.81 |
| Hilldale Apartments | 3x1 | 3BR,1.5BA | $0.83 |
| Cedarwood Apartments | 2 Bed 1.5 Bath | 2BR,1.5BA | $0.89 |
| Luxe at Raleigh | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.12 |
| 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
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.
Let everyone know!
Do you know the Raleigh area?
If you’re an expert on all things Raleigh, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleRaleigh, Memphis, TN
Ranked #75
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 $600, while the average apartment in Raleigh costs $985.
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 11 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 $196 which is $789 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.
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.