close
View Me
Rent Specials
$549 - $8292 to 4 Bedroom Apartments Available Now
Yugo Memphis Southern
3595-3655 Southern AveMemphis, TN 38111
Cheap Apartments for Rent in the University District Memphis, TN from $300 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the University District area of Memphis.
3381 Walnut Grove Rd
MemphisTN38111
3381 Walnut Grove Rd
MemphisTN38111
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.
3381 Walnut Grove Rd
MemphisTN38111
3381 Walnut Grove Rd
MemphisTN38111
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
3042 McAdoo Ave
MemphisTN38112
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Showing Results 1-12, 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 | $1,224 | $1,015 | $1,462 |
| University District 1 Bedroom Apartments | $1,167 | $839 | $1,747 |
| University District 2 Bedroom Apartments | $1,406 | $819 | $2,152 |
| University District 3 Bedroom Apartments | $1,838 | $1,149 | $3,140 |
| University District 4 Bedroom Apartments | $1,707 | $549 | $2,726 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 1 mile radius of the University District Neighborhood of Memphis, TN.
See all Apartments in MemphisExplore Memphis
University District, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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 $549. Tillman Cove has the second lowest priced unit, which is a 1 Bed apartment currently listed from $839. 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 | $549 |
| Tillman Cove | 1-B TYPE B 60% | 1BR,1BA | $839 |
| Den Apartments | 1 BR | 1BR,1BA | $950 |
| Element Apartments at Highland | Studio | Studio,1BA | $1,015 |
| Greenline Apartments | 2BR | 2BR,1BA | $1,125 |
Best Value Apartments for Rent in University District, TN
As of August 25, 2025 the best value apartment in the University District area is the $1.24 price per square foot 2 Bedroom / 1.5 Bathroom Platinum Model at The Tower at Kent in the in the East Memphis neighborhood starting from $1,400. The second greatest value University District apartment is the 2BR Model at Greenline Apartments starting at $1,125 with a $1.22 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. |
|---|---|---|---|
| The Tower at Kent | 2 Bedroom / 1.5 Bathroom Platinum | 2BR,1.5BA | $1.24 |
| Greenline Apartments | 2BR | 2BR,1BA | $1.22 |
| Kiwi Goji | Goji 1x1 Townhome | 1BR,1BA | $1.90 |
| Yugo Memphis Southern | 2 Bed, 2 Bath Plus | 2BR,2BA | $1.05 |
| Tillman Cove | 1-A TYPE B 70% | 1BR,1BA | $1.52 |
| Den Apartments | 1 BR | 1BR,1BA | $1.73 |
| Highland Row | Hines | Studio ,1BA | $2.25 |
| Element Apartments at Highland | Studio | Studio ,1BA | $2.79 |
Quick Rent Budget Calculator
How much rent can you afford?
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.
Let everyone know!
Do you know the University District area?
If you’re an expert on all things University District, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleUniversity District, Memphis, TN
Ranked #51
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet 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 $1,249.
What is the price of a cheap apartment in University District?
The cheapest apartment in University District is Tillman Cove which is listed at $839, while the average apartment in University District costs $7,670.
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 15 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 $709 which is $6,961 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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
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.