3916 Wales Ave
MemphisTN38108
Cheap Homes for Rent in the Raleigh Neighborhood of Memphis, TN from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Raleigh area of Memphis.
2789 Beverly Hill St
MemphisTN38128
3742 Berry Ln
MemphisTN38128
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
2083 Charleston Rd
MemphisTN38128
3338 Covington Pike
MemphisTN38128
3758 Wolf Trail Dr
MemphisTN38128
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.
Showing Results 1-6, Page 1 of 1
Raleigh, Memphis, TN Local Guide
How much does it cost to rent a home in Raleigh?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Raleigh 2 Bedroom Homes for Rent | $1,261 | $800 | $2,000 |
| Raleigh 3 Bedroom Homes for Rent | $1,429 | $1,075 | $1,890 |
| Raleigh 4 Bedroom Homes for Rent | $1,689 | $1,390 | $1,905 |
| Raleigh 5 Bedroom Homes for Rent | $1,730 | $1,730 | $1,730 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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 Huntington Hills priced from $649. Walden Pointe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $680. 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 |
| Walden Pointe | 1x1 | 1BR,1BA | $680 |
| Hilldale Apartments | 1x1 | 1BR,1BA | $700 |
Best Value Apartments for Rent in Raleigh, TN
As of July 11, 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 Model at Raleigh Court Townhomes starting at $1,225 with a $0.77 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 | 3BR,1.5BA | $0.77 |
| Hilldale Apartments | 3x1 | 3BR,1.5BA | $0.90 |
| Cedarwood Apartments | 2 Bed 1.5 Bath | 2BR,1.5BA | $0.84 |
| Lexington Apartments | 22G60 | 2BR,2BA | $1.03 |
| Beverly Springs | 2 Bedroom, 1 Bathroom | 2BR,1BA | $0.84 |
| Epping Way | A1 | 1BR,1BA | $1.01 |
| 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 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.
Read ArticleQuick 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.
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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
Frequently Asked Questions about Raleigh
What type of rentals are currently available in Raleigh?
There are currently 44 Apartments for Rent in Raleigh, TN with pricing that ranges from $649 to $1,545. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Raleigh ranging from $650 to $2,000.
What is the current price range for Rental Homes in Raleigh?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Raleigh ranges from $650 to $2,000 with an average monthly rent of $1,386.
How much are larger Three and Four Bedroom Rentals in Raleigh?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Raleigh range from $829 to $1,499, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,075 to $1,890. Four Bedroom Single-Family rentals are also available starting from $1,390 and Four Bedroom Apartments start at $1,545.
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
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
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.
The Local Memphis Expert's Guide to Renting Near the Citys Top Employers
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.
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.
Articles, How-To's, and Tips
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.