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$600 - $1,0501 Bedroom Apartments Available Now
Monarch on Highland
274 S Highland StMemphis, TN 38111
Cheap Apartments for Rent in the University District Memphis, TN from $300 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the University District area of Memphis.
2917 Yale Ave
MemphisTN38112
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$825 - $1,1001 to 2 Bedroom Apartments Available Now
Greenline Apartments
300 N Highland StMemphis, TN 38111
3523 Barwood Cir
MemphisTN38122
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$860 - $1,3901 to 2 Bedroom Apartments Available Now
The Tower at Kent
366 S Highland StMemphis, TN 38111
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$895 - $9001 Bedroom Apartments Available Now
The Landing on the Strip
461 S Highland StMemphis, TN 38111
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Rent Specials
$950 - $1,3501 to 2 Bedroom Apartments Available Now
Den Apartments
3562 Mynders AveMemphis, TN 38111
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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$1,002 - $1,3601 to 3 Bedroom Apartments Available Now
Tillman Cove
2998 Tillman CvMemphis, TN 38112
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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
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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
3042 McAdoo Ave
MemphisTN38112
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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1 to 3 Bedroom Apartments
Eastern Heights
281 Johnson Cir WMemphis, TN 38112
3089 Waynoka Ave
MemphisTN38111
3105 Yale Ave
MemphisTN38112
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1 to 2 Bedroom Apartments
The Marie
160 Hayden PlMemphis, TN 38111
4 N Holmes St
MemphisTN38111
3117 Yale Ave
MemphisTN38112
488 Ellsworth St
MemphisTN38111
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.
524 S Greer St
MemphisTN38111
93 Eastview Dr
MemphisTN38111
Showing Results 1-23, 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 | $1,256 | $1,103 | $1,410 |
| University District 1 Bedroom Apartments | $1,142 | $825 | $1,585 |
| University District 2 Bedroom Apartments | $1,292 | $785 | $1,756 |
| University District 3 Bedroom Apartments | $1,335 | $650 | $1,945 |
| University District 4 Bedroom Apartments | $614 | $599 | $689 |
Browse Apartments in this Neighborhood
There are currently 23 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 1 Bed unit found at Monarch on Highland priced from $600. Greenline Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here are the most affordable University District apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Monarch on Highland | MHLA1 | 1BR,1BA | $600 |
| Greenline Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $825 |
| The Landing on the Strip | 1 Bed 1 Bath | 1BR,1BA | $895 |
| The Tower at Kent | 1 Bedroom / 1 Bathroom Silver | 1BR,1BA | $910 |
| Den Apartments | 2 BR | 2BR,1BA | $1,000 |
Best Value Apartments for Rent in University District, TN
As of June 05, 2026 the best value apartment in the University District area is the $0.53 price per square foot 4 Beds, 2 Baths Model at 378 N Highland St in the in the East Memphis neighborhood starting from $1,600. The second greatest value University District apartment is the 2 Bed 2 Bath A Model at The Annex of Memphis starting at $900 with a $1.03 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. |
|---|---|---|---|
| 378 N Highland St | 4 Beds, 2 Baths | 4BR,2BA | $0.53 |
| The Annex of Memphis | 2 Bed 2 Bath A | 2BR,2BA | $1.03 |
| The Nine at Memphis | 2Bed / 2Bath A | 2BR,2BA | $0.97 |
| Kiwi Goji | Goji 1x1 Townhome | 1BR,1BA | $1.84 |
| Den Apartments | 2 BR | 2BR,1BA | $1.32 |
| Greenline Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.12 |
| Tillman Cove | 1-B Type A 50% ADA PBV | 1BR,1BA | $1.40 |
| The Tower at Kent | 1 Bedroom / 1 Bathroom Platinum | 1BR,1BA | $1.55 |
| The Landing on the Strip | 1 Bed 1 Bath | 1BR,1BA | $1.63 |
| Monarch on Highland | MHLA1 | 1BR,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 $1,360.
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 31 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 $545 which is $815 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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