Cheap Homes for Rent in University District Memphis, TN from $600 (10 Rentals)

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Search the lowest-cost Homes available for rent right now in the University District area of Memphis.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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University District, Memphis, TN Local Guide

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 $750. 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$549
Tillman Cove1-A TYPE B 70%1BR,1BA$750
Den Apartments1 BR1BR,1BA$950

Best Value Apartments for Rent in University District, TN

As of September 08, 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 2Bed / 2Bath A Model at Nine At Memphis starting at $905 with a $1.11 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.
The Tower at Kent2 Bedroom / 1.5 Bathroom Platinum2BR,1.5BA$1.24
Nine At Memphis2Bed / 2Bath A2BR,2BA$1.11
Kiwi GojiGoji 1x1 Townhome1BR,1BA$1.86
Yugo Memphis Southern2 Bed, 2 Bath Plus2BR,2BA$1.05
Greenline Apartments1BR1BR,1BA$1.42
Tillman Cove1-B TYPE B 60%1BR,1BA$1.16
Den Apartments1 BR1BR,1BA$1.73
Highland RowHinesStudio ,1BA$2.12
Monarch on HighlandMHLA11BR,1BA$2.54
Element Apartments at HighlandStudioStudio ,1BA$2.79

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Pet Friendly Lifestyle
University District, Memphis, TN

Ranked #55

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about University District

What type of rentals are currently available in University District?

There are currently 45 Apartments for Rent in University District, TN with pricing that ranges from $549 to $7,588. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in University District ranging from $690 to $6,540.

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 $690 to $6,540 with an average monthly rent of $2,648.

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 $1,149 to $2,467, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,025 to $2,500. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $549.

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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.