Cheap Homes for Rent in River Oaks-Kirby-Balmoral Neighborhood of Memphis, TN from $1,700 (8 Rentals)

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

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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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.

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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 $975. Legacy on Lynnfield - NEWLY UPGRADED has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,009. Here are the most affordable River Oaks-Kirby-Balmoral apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Mendenhall Gardens1A1BR,1BA$975
Legacy on Lynnfield - NEWLY UPGRADED1x11BR,1BA$1,009
Madison Shelby FarmsThe Rivermist1BR,1BA$1,084

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

As of December 07, 2025 the best value apartment in the River Oaks-Kirby-Balmoral area is the $1.09 price per square foot 4 Bedroom Gar Model at Fairfax Manor Townhomes in the in the Germantown neighborhood starting from $1,800. The second greatest value River Oaks-Kirby-Balmoral apartment is the c1 Model at The Garden District Apartments starting at $1,764 with a $1.10 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.
Fairfax Manor Townhomes4 Bedroom Gar4BR,3BA$1.09
The Garden District Apartmentsc13BR,2.5BA$1.10
MAA Park EstateThe Overton2BR,2BA$1.14
Poplar Place TownhomesDupree2BR,1.5BA$1.07
RoxburyEnglewood2BR,1.5BA$1.31
Madison Shelby FarmsThe Rivermorn2BR,1BA$1.53
The VineyardsA2 (The Chardonnay)1BR,1BA$1.54
Arbors River Oaks ApartmentsAsh1BR,1BA$1.61
Mendenhall Gardens1A1BR,1BA$1.25
Legacy on Lynnfield - NEWLY UPGRADED1x11BR,1BA$1.33

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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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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Frequently Asked Questions about River Oaks-Kirby-Balmoral

What type of rentals are currently available in River Oaks-Kirby-Balmoral?

There are currently 32 Apartments for Rent in River Oaks-Kirby-Balmoral, TN with pricing that ranges from $975 to $3,218. There are also 9 Single Family Homes for rent, Condos, and Townhome rentals currently available in River Oaks-Kirby-Balmoral ranging from $1,750 to $5,500.

What is the current price range for Rental Homes in River Oaks-Kirby-Balmoral?

Today's rental pricing for Homes for Rent, Condos and Townhomes in River Oaks-Kirby-Balmoral ranges from $1,750 to $5,500 with an average monthly rent of $3,843.

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.

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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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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!