2876 Cela Rd
MemphisTN38128
Cheap Homes for Rent in Raleigh Neighborhood of Memphis, TN from $600 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Raleigh area of Memphis.
3715 Edgefield Cove
MemphisTN38128
3724 Wolf Trail Dr
MemphisTN38128
1937 N Graham St
MemphisTN38108
2929 Bede Rd
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.
4203 Kerwin Dr
MemphisTN38128
3668 Barberry St
MemphisTN38128
3445 Felton Rd
MemphisTN38128
5312 Stage Rd
MemphisTN38134
3803 Kalamath Cove
MemphisTN38128
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.
3796 St Elmo Ave
MemphisTN38128
4155 Windermere Rd
MemphisTN38128
3729 Wyndance Cove
MemphisTN38135
3759 Wyndance Cir
MemphisTN38135
5211 Kimbark Woods Dr
MemphisTN38134
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 1-15, 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 | $1,056 | $925 | $1,150 |
| Raleigh 3 Bedroom Homes for Rent | $1,311 | $895 | $1,665 |
| Raleigh 4 Bedroom Homes for Rent | $1,724 | $1,410 | $2,150 |
Browse Homes for Rent in this Neighborhood
There are currently 15 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 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 1X1A | 1BR,1BA | $720 |
| Jamesbridge | 1 Bed / 1 Bath - Comfort Option | 1BR,1BA | $740 |
| The Meridian Apartments | 1 Bed 1 Bath | 1BR,1BA | $750 |
| Stonegate Apartments | 1/1-750 | 1BR,1BA | $750 |
Best Value Apartments for Rent in Raleigh, TN
As of December 24, 2025 the best value apartment in the Raleigh area is the $0.81 price per square foot 2 Bed 2 Bath Model at Sunridge Townhomes in the in the Raleigh neighborhood starting from $1,295. 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 | 2 Bed 2 Bath | 2BR,2BA | $0.81 |
| Lakes at Epping Way | 3 Bed / 2 Bath - Family Option | 3BR,2BA | $0.70 |
| Raleigh Court Townhomes | 2 bedroom and 1 1/2 | 2BR,1.5BA | $0.79 |
| 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 | $0.94 |
| Stonegate Apartments | 1/1-750 | 1BR,1BA | $1.00 |
| Walden Pointe | One Bedroom 1X1A | 1BR,1BA | $1.03 |
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!
Read Article
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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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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 #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 42 Apartments for Rent in Raleigh, TN with pricing that ranges from $649 to $1,795. There are also 69 Single Family Homes for rent, Condos, and Townhome rentals currently available in Raleigh ranging from $695 to $2,150.
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 $695 to $2,150 with an average monthly rent of $1,196.
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 $1,495, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $1,665. Four Bedroom Single-Family rentals are also available starting from $1,410 and Four Bedroom Apartments start at $1,745.
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.
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
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.