Cheap Apartments for Rent in the Walnut Grove Neighborhood of Memphis, TN from $400 (78 Rentals)
Search the lowest-cost Apartments available for rent right now in the Walnut Grove area of Memphis.

The Residences at Lakeview

Elite Living Residence

Grahamwood Place-New

The Trails at Mt. Moriah

Courtyard @ Waring Park

2367 Forest Ave

Cherry Creek Apartments

Camelot Manor

Hickory Grove

The Brooklyn Memphis

Hickory Pointe

Crossings at Fox Meadows

Tranquility at Hickory Hill Senior Apartments

Mendenhall Gardens

Ridgeway Commons Townhomes

4046 New Willow Rd

240 Flats

MAA Kirby Station

4810 Summerlane Ave

Legacy on Lynnfield - NEWLY UPGRADED

1737 Tahiti Ln

4387 Cottonwood Rd

1756 Dorrie Ln

4307 Kimball Ave

4415 Jamaica Ave

Sonesta Simply Suites Memphis - Extended Stay

2705-2715 Cherry Rd

504 Philwood Cove

The Vue at Claudette Townhomes & Apartments

674 N PERKINS Rd

3953 Macon Rd

1201 MIDDLECOURT

6726 Quail Hollow Ct

6760 Meadow Oak Pl

4117 Chippewa Rd

2835 Los Gatos Ct
Walnut Grove, Memphis, TN Local Guide

How much does it cost to rent an apartment in Walnut Grove?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Walnut Grove Studio Apartments | $714 | $581 | $1,624 |
| Walnut Grove 1 Bedroom Apartments | $1,098 | $550 | $2,880 |
| Walnut Grove 2 Bedroom Apartments | $1,223 | $667 | $3,745 |
| Walnut Grove 3 Bedroom Apartments | $1,722 | $815 | $3,223 |
| Walnut Grove 4 Bedroom Apartments | $1,800 | $1,800 | $1,800 |
Browse Apartments in this Neighborhood
There are currently 78 rentals with your search options within a 2 mile radius of the Walnut Grove Neighborhood of Memphis, TN.
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Walnut Grove, Memphis, TN Local Guide
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Cheapest Available Walnut Grove Apartments for Rent
 The cheapest available apartment rental in the Walnut Grove area of Memphis, TN is a 1 Bed unit found at 4015 Summer Ave priced from $550. The Residences at Lakeview has the second lowest priced unit, which is a Studio apartment currently listed from $581. Here are the most affordable Walnut Grove apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 4015 Summer Ave | One | 1BR,1BA | $550 |
| The Residences at Lakeview | Studio | Studio,1BA | $581 |
| Elite Living Residence | Studio | Studio,1BA | $650 |
| Oak Grove Flats | 2BR | 2BR,1BA | $667 |
| The Trails at Mt. Moriah | 1 bed 1 bath E | 1BR,1BA | $699 |
| Grahamwood Place-New | 1 bedroom 1 bathroom | 1BR,1BA | $699 |
| Summer Oaks Apartments | 4030 Summer | 2BR,1BA | $750 |
| Camelot Manor | 1 Bed, 1 bath | 1BR,1BA | $799 |
| Cherry Creek Apartments | 2 Bedroom, 1 Bath | 2BR,1BA | $815 |
| Hickory Pointe | One Bedroom | 1BR,1BA | $850 |
Best Value Apartments for Rent in Walnut Grove, TN
As of October 27, 2025 the best value apartment in the Walnut Grove area is the $1.09 price per square foot 4 Bedroom Gar Model at Fairfax Manor Townhomes in the in the Germantown neighborhood starting from $1,800. The second greatest value Walnut Grove apartment is the The Overton Model at MAA Park Estate starting at $1,423 with a $1.09 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for Walnut Grove apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fairfax Manor Townhomes | 4 Bedroom Gar | 4BR,3BA | $1.09 |
| MAA Park Estate | The Overton | 2BR,2BA | $1.09 |
| Poplar Place Townhomes | Dupree | 2BR,1.5BA | $1.07 |
| Summer Oaks Apartments | 4030 Summer | 2BR,1BA | $0.81 |
| Courtyard @ Waring Park | 2X1 (900) | 2BR,1BA | $0.99 |
| Oak Grove Flats | 2BR | 2BR,1BA | $0.78 |
| Crossings at Fox Meadows | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.10 |
| Grahamwood Place-New | 1 bedroom 1 bathroom | 1BR,1BA | $0.93 |
| Cherry Creek Apartments | 2 Bedroom, 1 Bath | 2BR,1BA | $1.09 |
| 4015 Summer Ave | One | 1BR,1BA | $0.88 |
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Pet Friendly LifestyleWalnut Grove, Memphis, TN
Ranked #23
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
Our team works hard to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for East Memphis, TN. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, kid and pet-friendly communities, availability of transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Walnut Grove Apartments
What is the Cheapest Studio apartment in Walnut Grove?
Currently the most affordable Cheap Studio Apartment in Walnut Grove is at The Residences at Lakeview listed at $581.
How much is rent for a Cheap One Bedroom Walnut Grove Apartment?
The lowest price for a Cheap One Bedroom Walnut Grove Apartment is $550 at 4015 Summer Ave.
What is the lowest price for a Cheap Two Bedroom Walnut Grove Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Walnut Grove is starting from $667 at Oak Grove Flats.
What is the most affordable Walnut Grove Three Bedroom Apartment?
The best deal on a cheap Walnut Grove Three Bedroom Apartment rental is at The Residences at Lakeview and starts from $815.
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.

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.













