Cheap Apartments for Rent in the River Oaks-Kirby-Balmoral Neighborhood of Memphis, TN from $800 (10 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. MAA Kirby Station has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,003. Here are the most affordable River Oaks-Kirby-Balmoral apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Mendenhall Gardens1A1BR,1BA$875
MAA Kirby StationLaSalle1BR,1BA$1,003
The RoxburyA1R1BR,1BA$1,199

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

As of May 28, 2026 the best value apartment in the River Oaks-Kirby-Balmoral area is the $1.00 price per square foot 3x2.5 Medium Model at Legacy on Lynnfield - NEWLY UPGRADED in the in the East Memphis neighborhood starting from $1,650. The second greatest value River Oaks-Kirby-Balmoral apartment is the c1 Model at The Garden District Apartments starting at $2,183 with a $1.36 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.
Legacy on Lynnfield - NEWLY UPGRADED3x2.5 Medium3BR,2.5BA$1.00
The Garden District Apartmentsc13BR,2.5BA$1.36
Fairfax Manor Townhomes2 Bedroom-2.5 Bath2BR,2.5BA$1.09
MAA Park EstateThe Overton2BR,2BA$1.16
Poplar Place TownhomesLennox2BR,1.5BA$1.01
Arbors River Oaks ApartmentsBirch1BR,1BA$1.78
Mendenhall Gardens1A1BR,1BA$1.12
Century Apartments2L2BR,1BA$1.68
The RoxburyA1R1BR,1BA$1.58
MAA Kirby StationLaSalle1BR,1BA$1.58

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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Real 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.

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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 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

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 $1,168 at MAA Kirby Station.

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 Century Apartments and starts from $1,448.

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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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.