2876 Cela Rd
MemphisTN38128
Cheap Homes for Rent in Raleigh Neighborhood of Memphis, TN from $600 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Raleigh area of Memphis.
3816 Tessland Rd
MemphisTN38128
3715 Edgefield Cove
MemphisTN38128
3879 Charleston Rd
MemphisTN38128
1937 N Graham St
MemphisTN38108
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.
3629 Hawkins Mill Rd
MemphisTN38128
2929 Bede Rd
MemphisTN38128
3881 Windy Ave
MemphisTN38128
4203 Kerwin Dr
MemphisTN38128
2124 Brighton Rd
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.
4477 Yale Rd
MemphisTN38128
Showing Results 1-11, 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 | $1,035 | $895 | $1,200 |
| Raleigh 3 Bedroom Homes for Rent | $1,317 | $895 | $1,945 |
| Raleigh 4 Bedroom Homes for Rent | $1,700 | $1,395 | $1,990 |
| Raleigh 5 Bedroom Homes for Rent | $1,725 | $1,725 | $1,725 |
Browse Homes for Rent in this Neighborhood
There are currently 11 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
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- 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 Scenic Hills Apartments priced from $679. Hilldale Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Raleigh apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Scenic Hills Apartments | 1 Bedroom | 1BR,1BA | $679 |
| Hilldale Apartments | 1x1 | 1BR,1BA | $700 |
| The Summit Apartments | Ash | 1BR,1BA | $719 |
| Walden Pointe | One Bedroom 1X1C | 1BR,1BA | $720 |
| Jamesbridge | 1 Bed / 1 Bath - Comfort Option | 1BR,1BA | $740 |
Best Value Apartments for Rent in Raleigh, TN
As of November 07, 2025 the best value apartment in the Raleigh area is the $0.83 price per square foot 3 Bed 2.5 Bath Model at Sunridge Townhomes in the in the Raleigh neighborhood starting from $1,495. 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 | $0.83 |
| Lakes at Epping Way | 3 Bed / 2 Bath - Family Option | 3BR,2BA | $0.70 |
| Rivergrove | 2D | 2BR,1.5BA | $0.84 |
| The Meridian Apartments | 2 Bed 2 Bath | 2BR,2BA | $0.88 |
| Hilldale Apartments | 3x1 | 3BR,1.5BA | $0.90 |
| Cedarwood Apartments | 2 Bed 1.5 Bath | 2BR,1.5BA | $0.89 |
| Avery Park Apartments | 2X15T | 2BR,1.5BA | $0.99 |
| Lexington Apartments | 22G60 | 2BR,2BA | $0.96 |
| Beverly Springs | 2 Bedroom, 1 Bathroom | 2BR,1BA | $0.92 |
| Scenic Hills Apartments | 2 Bedroom Flat | 2BR,1BA | $0.88 |
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
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.
Read ArticleDon'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 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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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 76 Single Family Homes for rent, Condos, and Townhome rentals currently available in Raleigh ranging from $895 to $1,990.
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 $895 to $1,990 with an average monthly rent of $1,444.
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 $1,945. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $1,795.
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.