Cheap Apartments for Rent in the University District Memphis, TN from $300 (23 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
  • Utilities Included
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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 1-23, 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 4 Beds unit found at Yugo Memphis Southern priced from $599. Monarch on Highland has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here are the most affordable University District apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Yugo Memphis Southern4 Bed, 4 Bath Classic4BR,4BA$599
Monarch on HighlandMHLA11BR,1BA$600
Den Apartments1 BR1BR,1BA$895
The Landing on the Strip1 Bed 1 Bath1BR,1BA$895
The Tower at Kent1 Bedroom / 1 Bathroom Silver1BR,1BA$910

Best Value Apartments for Rent in University District, TN

As of April 21, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Greenline Apartments2 Bedroom 1 Bathroom2BR,1BA$1.24
Tillman Cove2-G TYPE B 60% BDC2BR,2BA$2.08
Kiwi GojiGoji 1x1 Townhome1BR,1BA$1.56
Yugo Memphis Southern2 Bed, 2 Bath Plus2BR,2BA$1.14
The Tower at Kent1 Bedroom / 1 Bathroom Gold1BR,1BA$1.55
Den Apartments1 BR1BR,1BA$1.63
The Landing on the Strip1 Bed 1 Bath1BR,1BA$1.63
Highland RowHinesStudio ,1BA$2.08
The Annex of MemphisStudioStudio ,1BA$2.02
Monarch on HighlandMHLA21BR,1BA$2.01

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 $1,930.

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 30 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 $452 which is $1,478 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

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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