Cheap Apartments for Rent in the River Oaks-Kirby-Balmoral Neighborhood of Memphis, TN from $800 (13 Rentals)

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Search the lowest-cost Apartments available for rent right now in the River Oaks-Kirby-Balmoral area of Memphis.

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.

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Poplar Pines Apartments
1 to 2 Bedroom Apartments

Poplar Pines Apartments

1867 Poplar Pines DrMemphis, TN 38119
  • Utilities Included

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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River Oaks-Kirby-Balmoral, Memphis, TN Local Guide

Cheapest Available River Oaks-Kirby-Balmoral Apartments for Rent

 

The cheapest available apartment rental in the River Oaks-Kirby-Balmoral area of Memphis, TN is a 1 Bed unit found at Mendenhall Gardens priced from $875. Poplar Place Townhomes has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,099. Here are the most affordable River Oaks-Kirby-Balmoral apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Mendenhall Gardens1A1BR,1BA$875
Poplar Place TownhomesDupree2BR,1BA$1,099
240 Flats1 Bedroom 1 Bathroom1BR,1BA$1,099
The VineyardsA1 (The Cabernet)1BR,1BA$1,110
The Edge of GermantownAscot1BR,1BA$1,119

Best Value Apartments for Rent in River Oaks-Kirby-Balmoral, TN

As of April 13, 2026 the best value apartment in the River Oaks-Kirby-Balmoral area is the $1.30 price per square foot C1 With Den Model at The Garden District Apartments in the in the Germantown neighborhood starting from $2,346. The second greatest value River Oaks-Kirby-Balmoral apartment is the 2 Bedroom-2.5 Bath Model at Fairfax Manor Townhomes starting at $1,465 with a $1.09 price per square foot in the Germantown neighborhood. Here is today’s list of the best values for River Oaks-Kirby-Balmoral apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Garden District ApartmentsC1 With Den3BR,2.5BA$1.30
Fairfax Manor Townhomes2 Bedroom-2.5 Bath2BR,2.5BA$1.09
MAA Park EstateThe Overton2BR,2BA$1.31
Poplar Place TownhomesLennox2BR,1.5BA$1.01
The RoxburyB2R2BR,1.5BA$1.36
Legacy on Lynnfield - NEWLY UPGRADED2x22BR,2BA$1.18
Madison Shelby FarmsThe Rivermorn2BR,1BA$1.37
The VineyardsA2 (The Chardonnay)1BR,1BA$1.64
Arbors River Oaks ApartmentsAsh1BR,1BA$1.64
Mendenhall Gardens1A1BR,1BA$1.12

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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The 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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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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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 Lifestyle
River Oaks-Kirby-Balmoral, Memphis, TN

Ranked #52

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com works hard to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States, including Memphis. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, transit availability, pet-friendly communities, places to raise kids, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap River Oaks-Kirby-Balmoral Apartments

What is the Cheapest Studio apartment in River Oaks-Kirby-Balmoral?

Currently the most affordable Cheap Studio Apartment in River Oaks-Kirby-Balmoral is at Brookhaven Lofts listed at $1,200.

How much is rent for a Cheap One Bedroom River Oaks-Kirby-Balmoral Apartment?

The lowest price for a Cheap One Bedroom River Oaks-Kirby-Balmoral Apartment is $875 at Mendenhall Gardens.

What is the lowest price for a Cheap Two Bedroom River Oaks-Kirby-Balmoral Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in River Oaks-Kirby-Balmoral is starting from $1,099 at Poplar Place Townhomes.

What is the most affordable River Oaks-Kirby-Balmoral Three Bedroom Apartment?

The best deal on a cheap River Oaks-Kirby-Balmoral Three Bedroom Apartment rental is at Legacy on Lynnfield - NEWLY UPGRADED and starts from $1,250.

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

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Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.