Cheap Homes for Rent in Walnut Grove Neighborhood of Memphis, TN from $600 (23 Rentals)

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Search the lowest-cost Homes available for rent right now in the Walnut Grove 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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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
Shady Oaks1 Bed, 1 bath1BR,1BA$595
Elite Living ResidenceStudioStudio,1BA$650
The Trails at Mt. Moriah1 bed 1 bath C1BR,1BA$673

Best Value Apartments for Rent in Walnut Grove, TN

As of June 17, 2025 the best value apartment in the Walnut Grove area is the $1.22 price per square foot The Marquette Model at MAA Park Estate in the in the East Memphis neighborhood starting from $2,133. The second greatest value Walnut Grove apartment is the Dupree Model at Poplar Place Townhomes starting at $1,250 with a $1.05 price per square foot in the Germantown 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.
MAA Park EstateThe Marquette3BR,2BA$1.22
Poplar Place TownhomesDupree2BR,1.5BA$1.05
Grahamwood Place3 bedroom 2 bathroom3BR,2BA$0.83
Summer Oaks Apartments2 Beds, 1 bath2BR,1BA$0.81
Shady Oaks1 Bed, 1 bath1BR,1BA$0.66
Courtyard @ Waring Park2X1 (900)2BR,1BA$0.99
Crossings at Fox Meadows1 Bedroom, 1 Bathroom1BR,1BA$1.10
Oak Grove Flats1BR1BR,1BA$1.16
Camelot Manor1 Bed, 1 bath1BR,1BA$1.15
4015 Summer AveOne1BR,1BA$0.88

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Frequently Asked Questions about Walnut Grove

What type of rentals are currently available in Walnut Grove?

There are currently 100 Apartments for Rent in Walnut Grove, TN with pricing that ranges from $550 to $4,806. There are also 195 Single Family Homes for rent, Condos, and Townhome rentals currently available in Walnut Grove ranging from $650 to $6,000.

What is the current price range for Rental Homes in Walnut Grove?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Walnut Grove ranges from $650 to $6,000 with an average monthly rent of $1,707.

How much are larger Three and Four Bedroom Rentals in Walnut Grove?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Walnut Grove range from $815 to $4,806, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $2,850. Four Bedroom Single-Family rentals are also available starting from $1,455 and Four Bedroom Apartments start at $1,640.

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.