3381 Walnut Grove Rd
MemphisTN38111
Cheap Apartments for Rent in the University District Memphis, TN from $300 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the University District area of Memphis.
3381 Walnut Grove Rd
MemphisTN38111
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$750 - $2,2001 to 4 Bedroom Apartments Available Now
Tillman Cove
2998 Tillman CvMemphis, TN 38112
2922 Hale Ave
MemphisTN38112
3381 Walnut Grove Rd
MemphisTN38111
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.
2917 Yale Ave
MemphisTN38112
3381 Walnut Grove Rd
MemphisTN38111
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2 Bedroom Apartments
411 Tillman St
411 Tillman StMemphis, TN 38112
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1 to 2 Bedroom Apartments
Campus View
3606 Walker AveMemphis, TN 38111
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2 Bedroom Apartments
Maureen Manor Apartments
3084 Yale AveMemphis, TN 38112
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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1 to 3 Bedroom Apartments
Camellia - Magnolia Gardens Apartments
204 Windover RdMemphis, TN 38111
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Studio to 1 Bedroom Apartments
Serenity at Highland
400 S Highland StMemphis, TN 38111
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1 to 3 Bedroom Apartments
Eastern Heights
281 Johnson Cir WMemphis, TN 38112
2966 Yale Ave
MemphisTN38112
3089 Waynoka Ave
MemphisTN38111
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.
3336 Southern Ave
MemphisTN38111
Showing Results 1-16, Page 1 of 1
University District, Memphis, TN Local Guide
How much does it cost to rent an apartment in University District?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University District Studio Apartments | $1,197 | $1,015 | $1,395 |
| University District 1 Bedroom Apartments | $1,102 | $750 | $1,638 |
| University District 2 Bedroom Apartments | $1,243 | $750 | $1,850 |
| University District 3 Bedroom Apartments | $1,609 | $755 | $2,370 |
| University District 4 Bedroom Apartments | $1,276 | $599 | $1,775 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 1 mile radius of the University District Neighborhood of Memphis, TN.
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Cheapest Available University District Apartments for Rent
The cheapest available apartment rental in the University District area of Memphis, TN is a 4 Beds unit found at Yugo Memphis Southern priced from $599. Tillman Cove has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable University District apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Yugo Memphis Southern | 4 Bed, 4 Bath Classic | 4BR,4BA | $599 |
| Tillman Cove | 1-A TYPE B 70% | 1BR,1BA | $750 |
| Den Apartments | 1 BR | 1BR,1BA | $895 |
| Greenline Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $899 |
| The Tower at Kent | 1 Bedroom / 1 Bathroom Silver | 1BR,1BA | $970 |
Best Value Apartments for Rent in University District, TN
As of January 19, 2026 the best value apartment in the University District area is the $1.24 price per square foot 2 Bedroom 1 Bathroom Model at Greenline Apartments in the in the East Memphis neighborhood starting from $1,150. The second greatest value University District apartment is the 2-G TYPE B 60% BDC Model at Tillman Cove starting at $1,850 with a $2.08 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for University District apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Greenline Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.24 |
| Tillman Cove | 2-G TYPE B 60% BDC | 2BR,2BA | $2.08 |
| The Nine | 2Bed / 2Bath A | 2BR,2BA | $1.13 |
| Kiwi Goji | Goji 1x1 Townhome | 1BR,1BA | $1.99 |
| Yugo Memphis Southern | 2 Bed, 2 Bath Plus | 2BR,2BA | $1.14 |
| The Tower at Kent | 1 Bedroom / 1 Bathroom Platinum | 1BR,1BA | $1.63 |
| Den Apartments | 1 BR | 1BR,1BA | $1.63 |
| Highland Row | Hines | Studio ,1BA | $2.54 |
| The Annex of Memphis | Studio | Studio ,1BA | $2.15 |
| Monarch on Highland | MHLA1 | 1BR,1BA | $2.54 |
Frequently Asked Questions about Cheap University District Apartments
What is a cheap apartment in University District?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University District is under $1,424.
What is the price of a cheap apartment in University District?
The cheapest apartment in University District is Tillman Cove which is listed at $750, while the average apartment in University District costs $8,054.
What types of apartments are the cheapest in University District?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 54 regular apartments in University District that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in University District?
Cheap apartments in University District have an average cost of $1,132 which is $6,922 cheaper than the average rent for all rentals in University District.
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.