3381 Walnut Grove Rd
MemphisTN38111
Cheap Apartments for Rent in the University District Memphis, TN from $300 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the University District area of Memphis.
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3133-3315 Nathan Ave
MemphisTN38112
3381 Walnut Grove Rd
MemphisTN38111
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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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3042 McAdoo Ave
MemphisTN38112
433 Carpenter St
MemphisTN38112
3181 Yale Ave
MemphisTN38112
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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90 N Greer St
MemphisTN38111
106 N Holmes St
MemphisTN38111
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
3117 Yale Ave
MemphisTN38112
93 Eastview Dr
MemphisTN38111
3336 Southern Ave
MemphisTN38111
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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 | $1,273 | $1,015 | $1,890 |
| University District 1 Bedroom Apartments | $1,165 | $800 | $2,275 |
| University District 2 Bedroom Apartments | $1,496 | $829 | $2,598 |
| University District 3 Bedroom Apartments | $1,798 | $699 | $3,856 |
| University District 4 Bedroom Apartments | $1,646 | $549 | $3,140 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 1 mile radius of the University District Neighborhood of Memphis, TN.
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University District, Memphis, TN Local Guide
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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 The Tower at Kent priced from $910. Element at Midtown has the second lowest priced unit, which is a Studio apartment currently listed from $1,015. Here are the most affordable University District apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Tower at Kent | 1 Bedroom / 1 Bathroom Silver | 1BR,1BA | $910 |
| Element at Midtown | Studio | Studio,1BA | $1,015 |
| Kiwi Goji | Kiwi 1x1 | 1BR,1BA | $1,294 |
| Den Apartments | 2 BR-W/D-End Unit | 2BR,1BA | $1,350 |
| Highland Row | Hines | Studio,1BA | $1,360 |
Best Value Apartments for Rent in University District, TN
As of June 20, 2025 the best value apartment in the University District area is the $0.79 price per square foot 4 Bedroom 2 Bathroom Model at Tillman Cove in the in the East Memphis neighborhood starting from $1,511. The second greatest value University District apartment is the 2 BR-W/D-End Unit Model at Den Apartments starting at $1,350 with a $1.45 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. |
|---|---|---|---|
| Tillman Cove | 4 Bedroom 2 Bathroom | 4BR,2BA | $0.79 |
| Den Apartments | 2 BR-W/D-End Unit | 2BR,1BA | $1.45 |
| Kiwi Goji | Kiwi 1x1 | 1BR,1BA | $1.66 |
| The Tower at Kent | 1 Bedroom / 1 Bathroom Gold | 1BR,1BA | $1.39 |
| Highland Row | Hines | Studio ,1BA | $2.48 |
| Element at Midtown | Studio | Studio ,1BA | $2.79 |
Quick Rent Budget Calculator
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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 LifestyleUniversity District, Memphis, TN
Ranked #63
Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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 $1,511.
What is the price of a cheap apartment in University District?
The cheapest apartment in University District is The Tower at Kent which is listed at $910, while the average apartment in University District costs $7,230.
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 9 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 $806 which is $6,424 cheaper than the average rent for all rentals in University District.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.