Cheap Apartments for Rent in the Walnut Grove Neighborhood of Memphis, TN from $400 (78 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Walnut Grove area of Memphis.

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Cherry Gardens
2 to 3 Bedroom Apartments

Cherry Gardens

4350 Dunn RdMemphis, TN 38111
  • Utilities Included
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The Embassy Apartments
Studio to 3 Bedroom Apartments

The Embassy Apartments

505 S Perkins RdMemphis, TN 38117
  • Utilities Included
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Walnut Grove, Memphis, TN Local Guide

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 ListingModel NameBed/BathPriced From
4015 Summer AveOne1BR,1BA$550
The Residences at LakeviewStudioStudio,1BA$581
Elite Living ResidenceStudioStudio,1BA$650
Oak Grove Flats2BR2BR,1BA$667
The Trails at Mt. Moriah1 bed 1 bath E1BR,1BA$699
Grahamwood Place-New1 bedroom 1 bathroom1BR,1BA$699
Summer Oaks Apartments4030 Summer2BR,1BA$750
Camelot Manor1 Bed, 1 bath1BR,1BA$799
Cherry Creek Apartments2 Bedroom, 1 Bath2BR,1BA$815
Hickory PointeOne Bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Fairfax Manor Townhomes4 Bedroom Gar4BR,3BA$1.09
MAA Park EstateThe Overton2BR,2BA$1.09
Poplar Place TownhomesDupree2BR,1.5BA$1.07
Summer Oaks Apartments4030 Summer2BR,1BA$0.81
Courtyard @ Waring Park2X1 (900)2BR,1BA$0.99
Oak Grove Flats2BR2BR,1BA$0.78
Crossings at Fox Meadows1 Bedroom, 1 Bathroom1BR,1BA$1.10
Grahamwood Place-New1 bedroom 1 bathroom1BR,1BA$0.93
Cherry Creek Apartments2 Bedroom, 1 Bath2BR,1BA$1.09
4015 Summer AveOne1BR,1BA$0.88

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Pet Friendly Lifestyle
Walnut Grove, Memphis, TN

Ranked #23

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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.

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Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.