2966 Yale Ave
MemphisTN38112
Cheap Homes for Rent in University District Memphis, TN from $700 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the University District area of Memphis.
2917 Yale Ave
MemphisTN38112
3089 Waynoka Ave
MemphisTN38111
2906 Mimosa Ave
MemphisTN38112
3381 Walnut Grove Rd
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.
3117 Yale Ave
MemphisTN38112
524 S Greer St
MemphisTN38111
93 Eastview Dr
MemphisTN38111
3381 Walnut Grove Rd
MemphisTN38111
3570 Mynders Ave
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.
3148 Highland Park Pl
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 | $1,265 | $720 | $1,850 |
| University District 3 Bedroom Homes for Rent | $1,629 | $1,199 | $2,000 |
| University District 4 Bedroom Homes for Rent | $2,868 | $1,425 | $6,700 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 11 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 4 Beds unit found at Yugo Memphis Southern priced from $599. 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 | $599 |
| Tillman Cove | 1-A TYPE B 60% | 1BR,1BA | $839 |
| The Tower at Kent | 1 Bedroom / 1 Bathroom | 1BR,1BA | $875 |
| Den Apartments | 1 BR | 1BR,1BA | $895 |
| Greenline Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $899 |
Best Value Apartments for Rent in University District, TN
As of March 11, 2026 the best value apartment in the University District area is the $1.27 price per square foot 2 Bedroom 1 Bathroom Model at Greenline Apartments in the in the East Memphis neighborhood starting from $1,175. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Greenline Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.27 |
| Tillman Cove | 2-G TYPE B 60% BDC | 2BR,2BA | $2.08 |
| Kiwi Goji | Goji 1x1 Townhome | 1BR,1BA | $1.71 |
| Yugo Memphis Southern | 2 Bed, 2 Bath Plus | 2BR,2BA | $1.14 |
| The Tower at Kent | 1 Bedroom / 1 Bathroom Gold | 1BR,1BA | $1.55 |
| Den Apartments | 1 BR | 1BR,1BA | $1.63 |
| Highland Row | Hines | Studio ,1BA | $2.07 |
| The Annex of Memphis | Studio | Studio ,1BA | $2.11 |
| Monarch on Highland | MHLA1 | 1BR,1BA | $2.54 |
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 $650 to $8,604. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in University District ranging from $720 to $6,700.
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 $720 to $6,700 with an average monthly rent of $1,658.
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 $737 to $2,200, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,199 to $2,000. Four Bedroom Single-Family rentals are also available starting from $1,425 and Four Bedroom Apartments start at $650.
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
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.