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$700 - $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 $600 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Raleigh area of Memphis.
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$745 - $9951 to 3 Bedroom Apartments Available Dec 12
Avery Park Apartments
4845 Bontura DrMemphis, 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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$649 - $8291 to 3 Bedroom Apartments Contact Us For Availability
Huntington Hills
2872 Coach DrMemphis, TN 38128
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$1,295 - $1,7952 to 4 Bedroom Apartments Available Now
Sunridge Townhomes
5006 Cobalt CvMemphis, 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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$795 - $9952 to 3 Bedroom Apartments Available Now
Beverly Springs
2879 Beverly Hills RdMemphis, TN 38128
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$875 - $1,3251 to 3 Bedroom Apartments Available Now
The Meridian Apartments
4787 Garden Grove CvMemphis, TN 38128
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$850 - $9752 Bedroom Apartments Available Now
Cedarwood Apartments
2880 Beverly Hills RdMemphis, TN 38128
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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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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.
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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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Showing Results 1-27, 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 | $649 | $875 |
| Raleigh 2 Bedroom Apartments | $894 | $729 | $1,295 |
| Raleigh 3 Bedroom Apartments | $1,147 | $829 | $1,495 |
| Raleigh 4 Bedroom Apartments | $1,795 | $1,795 | $1,795 |
Browse Apartments in this Neighborhood
There are currently 27 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. The Summit Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $707. 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 |
| The Summit Apartments | Ash | 1BR,1BA | $707 |
| Walden Pointe | One Bedroom 1X1C | 1BR,1BA | $720 |
| Lexington Apartments | 11G50 | 1BR,1BA | $735 |
| Jamesbridge | 1 Bed / 1 Bath - Comfort Option | 1BR,1BA | $740 |
| Stonegate Apartments | 1/1-750 | 1BR,1BA | $750 |
| Beverly Springs | 2 Bedroom, 1 Bathroom | 2BR,1BA | $795 |
| Covington Hills | 1 BR renovated | 1BR,1BA | $850 |
| Cedarwood Apartments | 2 Bed 1.5 Bath | 2BR,1BA | $850 |
| The Meridian Apartments | 2 Bed 2 Bath | 2BR,2BA | $875 |
Best Value Apartments for Rent in Raleigh, TN
As of December 09, 2025 the best value apartment in the Raleigh area is the $0.78 price per square foot 3 Bed 2.5 Bath Model at Sunridge Townhomes in the in the Raleigh neighborhood starting from $1,395. The second greatest value Raleigh apartment is the 3 Bed / 2 Bath - Family Option Model at Lakes at Epping Way starting at $975 with a $0.70 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 | 3 Bed 2.5 Bath | 3BR,2.5BA | $0.78 |
| Lakes at Epping Way | 3 Bed / 2 Bath - Family Option | 3BR,2BA | $0.70 |
| Rivergrove | 2B | 2BR,1.5BA | $0.86 |
| Hilldale Apartments | 3x1 | 3BR,1.5BA | $0.90 |
| Cedarwood Apartments | 2 Bed 1.5 Bath | 2BR,1.5BA | $0.89 |
| Beverly Springs | 2 Bedroom, 1 Bathroom | 2BR,1BA | $0.92 |
| The Meridian Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.09 |
| Luxe at Raleigh | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.12 |
| Stonegate Apartments | 1/1-750 | 1BR,1BA | $1.00 |
| Jamesbridge | 1 Bed / 1 Bath - Comfort Option | 1BR,1BA | $1.12 |
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 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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If you’re an expert on all things Raleigh, tell us what you love (and don't) by rating it and writing a review.
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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
How much is rent for a Cheap One Bedroom Raleigh Apartment?
The lowest price for a Cheap One Bedroom Raleigh Apartment is $700 at Hilldale Apartments.
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 $795 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 Hilldale Apartments and starts from $900.
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.
Articles, How-To's, and Tips
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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!