Cheap Homes for Rent in University District Memphis, TN from $600 (7 Rentals)

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

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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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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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 1 Bed unit found at Tillman Cove priced from $839. Element Apartments at Highland 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 ListingModel NameBed/BathPriced From
Tillman Cove1 Bedroom 1 Bathroom1BR,1BA$839
Element Apartments at HighlandStudioStudio,1BA$1,015
Greenline Apartments1BR1BR,1BA$1,050

Best Value Apartments for Rent in University District, TN

As of July 22, 2025 the best value apartment in the University District area is the $1.14 price per square foot 2 Bedroom / 1.5 Bathroom Gold Model at The Tower at Kent in the in the East Memphis neighborhood starting from $1,290. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Tower at Kent2 Bedroom / 1.5 Bathroom Gold2BR,1.5BA$1.14
Den Apartments2 BR-W/D-End Unit2BR,1BA$1.45
Kiwi GojiGoji 1x1 Townhome1BR,1BA$1.84
Greenline Apartments1BR1BR,1BA$1.42
Tillman Cove1 Bedroom 1 Bathroom1BR,1BA$1.16
Highland RowHinesStudio ,1BA$2.46
Element Apartments at HighlandStudioStudio ,1BA$2.79

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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 $6,490. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in University District ranging from $690 to $3,000.

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 $3,000 with an average monthly rent of $1,614.

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 $699 to $3,616, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,025 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,765 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.

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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.

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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.

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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.

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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.