3042 McAdoo Ave
MemphisTN38112
Cheap Homes for Rent in University District Memphis, TN from $600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the University District area of Memphis.
3089 Waynoka Ave
MemphisTN38111
2917 Yale Ave
MemphisTN38112
3105 Yale Ave
MemphisTN38112
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.
4 N Holmes St
MemphisTN38111
3117 Yale Ave
MemphisTN38112
524 S Greer St
MemphisTN38111
488 Ellsworth St
MemphisTN38111
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.
93 Eastview Dr
MemphisTN38111
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University District, Memphis, TN Local Guide
How much does it cost to rent a home in University District?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University District 2 Bedroom Homes for Rent | $946 | $695 | $1,450 |
| University District 3 Bedroom Homes for Rent | $1,832 | $1,190 | $2,700 |
| University District 4 Bedroom Homes for Rent | $1,998 | $1,600 | $2,599 |
| University District 5 Bedroom Homes for Rent | $6,999 | $6,999 | $6,999 |
Browse Homes for Rent in this Neighborhood
There are currently 9 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 |
Best Value Apartments for Rent in University District, TN
As of June 14, 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 bedroom, 2 bathroom Downstairs, Renovated Model at Chickasaw at The Greenline starting at $1,590 with a $1.18 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 |
| Chickasaw at The Greenline | 2 bedroom, 2 bathroom Downstairs, Renovated | 2BR,2BA | $1.18 |
| Greenline Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.19 |
| The Annex of Memphis | 2 Bed 2 Bath A | 2BR,2BA | $1.03 |
| The Nine at Memphis | 2Bed / 2Bath A | 2BR,2BA | $0.97 |
| Den Apartments | 2 BR | 2BR,1BA | $1.32 |
| The Tower at Kent | 1 Bedroom / 1 Bathroom Platinum | 1BR,1BA | $1.55 |
| Tillman Cove | 1-A 70% | 1BR,1BA | $1.75 |
| 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 University District
What type of rentals are currently available in University District?
There are currently 46 Apartments for Rent in University District, TN with pricing that ranges from $599 to $2,041. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in University District ranging from $675 to $6,999.
What is the current price range for Rental Homes in University District?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University District ranges from $675 to $6,999 with an average monthly rent of $2,392.
How much are larger Three and Four Bedroom Rentals in University District?
For those who are looking for larger living arrangements, Three Bedroom Apartments in University District range from $600 to $2,041, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,190 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $599.
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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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.