Cheap Apartments for Rent in the University District Memphis, TN from $300 (26 Rentals)

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Search the lowest-cost Apartments available for rent right now in the University District area of Memphis.

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411 Tillman St
2 Bedroom Apartments

411 Tillman St

411 Tillman StMemphis, TN 38112
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Campus View
1 to 2 Bedroom Apartments

Campus View

3606 Walker AveMemphis, TN 38111
  • Utilities Included
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Serenity at Highland
Studio to 1 Bedroom Apartments

Serenity at Highland

400 S Highland StMemphis, TN 38111
Senior Living
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Eastern Heights
1 to 3 Bedroom Apartments

Eastern Heights

281 Johnson Cir WMemphis, TN 38112
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The Marie
1 to 2 Bedroom Apartments

The Marie

160 Hayden PlMemphis, TN 38111

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Showing Results 1-26, Page 1 of 1

Cheapest Available University District Apartments for Rent

 

The cheapest available apartment rental in the University District area of Memphis, TN is a 1 Bed unit found at Monarch on Highland priced from $600. The Landing on the Strip has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here are the most affordable University District apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Monarch on HighlandMHLA11BR,1BA$600
The Landing on the Strip1BR/1.0BA1BR,1BA$800
Den Apartments1 BR1BR,1BA$895
The Tower at Kent1 Bedroom / 1 Bathroom Silver1BR,1BA$910
Greenline Apartments2 Bedroom 1 Bathroom2BR,1BA$945
Tillman Cove3-B 50% PBV3BR,2BA$1,122
Kiwi GojiGoji 1x1 Townhome1BR,1BA$1,346
Chickasaw at The Greenline2 bedroom, 2 bathroom Downstairs, Renovated2BR,2BA$1,449
Highland RowFitzgerald1BR,1BA$1,467
378 N Highland St4 Beds, 2 Baths4BR,2BA$1,550

Best Value Apartments for Rent in University District, TN

As of July 21, 2026 the best value apartment in the University District area is the $0.51 price per square foot 4 Beds, 2 Baths Model at 378 N Highland St in the in the East Memphis neighborhood starting from $1,550. The second greatest value University District apartment is the 2 bedroom, 2 bathroom Downstairs, Renovated Model at Chickasaw at The Greenline starting at $1,449 with a $1.07 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 ListingModel NameBed/BathPrice Per Sq.Ft.
378 N Highland St4 Beds, 2 Baths4BR,2BA$0.51
Chickasaw at The Greenline2 bedroom, 2 bathroom Downstairs, Renovated2BR,2BA$1.07
Tillman Cove3-B 50% PBV3BR,2BA$0.93
Greenline Apartments2 Bedroom 1 Bathroom2BR,1BA$1.19
The Annex of Memphis2 Bed 2 Bath C2BR,2BA$1.03
The Nine at Memphis2Bed / 2Bath A2BR,2BA$0.97
The Tower at Kent1 Bedroom / 1 Bathroom Platinum1BR,1BA$1.55
Den Apartments1 BR1BR,1BA$1.63
The Landing on the Strip1BR/1.0BA1BR,1BA$1.51
Monarch on HighlandMHLA11BR,1BA$1.52

Frequently Asked Questions about Cheap University District Apartments

What is the price of a cheap apartment in University District?

The cheapest apartment in University District is Monarch on Highland which is listed at $600, while the average apartment in University District costs $1,604.

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 36 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 $537 which is $1,067 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.

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