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$600Studio Apartments Available Now
2715 Cherry Rd, Unit 2407
2715 Cherry RdMemphis, TN 38118
Cheap Homes for Rent in the Walnut Grove Neighborhood of Memphis, TN from $825 (93 Rentals)
Search the lowest-cost Homes available for rent right now in the Walnut Grove area of Memphis.
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$7001 Bedroom Apartments Available Now
2715 Cherry Rd, Unit 1249
2715 Cherry RdMemphis, TN 38118
5654 Encino Cv, Unit 5654 Encino
5654 Encino Cv
MemphisTN38115
6772 Quail Hollow Ct
MemphisTN38120
6687 Whispering Oak Pl
MemphisTN38120
2786 Mojave Pl, Unit #2
2786 Mojave Pl
MemphisTN38115
1855 Poplar Woods Cir W
GermantownTN38138
2827 Sonora Dr
MemphisTN38115
6779 Quail Hollow Ct
MemphisTN38120
6692 Whispering Oak Pl
MemphisTN38120
Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
Moving to the Bluff City? Get the insider’s guide on Memphis life, from specific neighborhood personalities and current average rent, to the best barbecue and live music spots.
5656 Encino Cove
MemphisTN38115
5712 Los Gatos Dr, Unit 5712 Los Gatos Apt 1
5712 Los Gatos Dr
MemphisTN38115
4291 Zelda Ln
MemphisTN38122
6695 Whispering Oak Pl
MemphisTN38120
4694 McCrory Ave
MemphisTN38122
4667 Violet Ave
MemphisTN38122
4106 Navaho Ave
MemphisTN38118
1855 Poplar Woods Cir W, Unit 304
1855 Poplar Woods Cir W
GermantownTN38138
4016 Rhodes Ave
MemphisTN38111
940 Vaughn Rd
MemphisTN38122
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
6680 Whispering Oak Pl
MemphisTN38120
1586 Gilson Rd
MemphisTN38117
899 Chatwood St
MemphisTN38122
842 Eastern Dr
MemphisTN38122
1841 S Perkins Rd
MemphisTN38117
4420 Owen Rd
MemphisTN38122
4315 Leatherwood Ave
MemphisTN38111
7013 Wesley Ct
MemphisTN38119
1023 Waring Rd
MemphisTN38122
1857 S Perkins Rd
MemphisTN38117
The Local Memphis Expert's Guide to Renting Near the City's Top Employers
Memphis apartment guide from a local expert, breaking down neighborhoods, average rent, and ideal commute times near the 5 largest employers - FedEx, St. Jude, U of M, Methodist, and AutoZone.
6975 Wesley Ct
MemphisTN38119
4082 Knight Arnold Rd
MemphisTN38118
3056 Arrendale St
MemphisTN38118
4243 Vann Ave
MemphisTN38111
4956 Durbin Ave
MemphisTN38122
1065 Larry Ln
MemphisTN38122
1710 Kirby Pkwy
MemphisTN38120
5644 Hinton Pl
MemphisTN38119
1855 Poplar Woods Cir W, Unit Spacious 1BR 1BA for rent
1855 Poplar Woods Cir W
GermantownTN38138
1802 Dorrie Ln
MemphisTN38117
Affordable Memphis: The Best Neighborhoods with Character and Lower Rents
Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.
1122 Hunter's Lake Dr
MemphisTN38018
1587 S Perkins Rd
MemphisTN38117
5588 Clarke Address, Unit 5588
5588 Clarke Address
MemphisTN38115
6706 Majestic Oak Pl
MemphisTN38120
2756 Harbor Station Rd, Unit 2756
2756 Harbor Station Rd
MemphisTN38115
5656 San Mateo Cove
MemphisTN38115
1139 Brady Hollow Ln
MemphisTN38016
2839 Summerhurst St
MemphisTN38118
6305 Kirby Downs Dr
MemphisTN38115
4742 Violet Ave
MemphisTN38122
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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Walnut Grove, Memphis, TN Local Guide
How much does it cost to rent a home in Walnut Grove?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Walnut Grove 2 Bedroom Homes for Rent | $1,343 | $950 | $2,750 |
| Walnut Grove 3 Bedroom Homes for Rent | $1,580 | $1,000 | $3,000 |
| Walnut Grove 4 Bedroom Homes for Rent | $2,432 | $1,395 | $4,500 |
| Walnut Grove 5 Bedroom Homes for Rent | $3,706 | $1,995 | $5,995 |
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 93 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
- Nearby Memphis neighborhoods
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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 Studio unit found at The Residences at Lakeview priced from $581. Grahamwood Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Walnut Grove apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Residences at Lakeview | Studio | Studio,1BA | $581 |
| Grahamwood Place | 1 bedroom 1 bathroom | 1BR,1BA | $699 |
| Cherry Creek Apartments | 1 Bedroom, 1 Bath | 1BR,1BA | $750 |
| Hickory Grove | Pecan | 1BR,1BA | $750 |
| Summerwood | One | 1BR,1BA | $750 |
| The Trails at Mt. Moriah | 1 bed 1 bath C | 1BR,1BA | $780 |
| Graham Square Apartments | 2 Beds, 1 Baths | 2BR,1BA | $795 |
| Mendenhall Gardens | 1A | 1BR,1BA | $799 |
| Park Place at Shelby Farms | 1Bd/1Ba Classic | 1BR,1BA | $800 |
| Hickory Pointe | One Bedroom | 1BR,1BA | $850 |
Best Value Apartments for Rent in Walnut Grove, TN
As of September 05, 2026 the best value apartment in the Walnut Grove area is the $1.09 price per square foot 2 Bedroom-2.5 Bath Model at Fairfax Manor Townhomes in the in the Germantown neighborhood starting from $1,465. The second greatest value Walnut Grove apartment is the Lennox Model at Poplar Place Townhomes starting at $1,299 with a $1.01 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fairfax Manor Townhomes | 2 Bedroom-2.5 Bath | 2BR,2.5BA | $1.09 |
| Poplar Place Townhomes | Lennox | 2BR,1.5BA | $1.01 |
| Cedar Ridge | CE2B2B | 2BR,2BA | $1.05 |
| Cordova Creek Apartments | The Spring | 2BR,1.5BA | $1.10 |
| Crossings at Fox Meadows | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.02 |
| Courtyard @ The Flats | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.12 |
| Graham Square Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.94 |
| Macon Manor | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.15 |
| Oak Grove Flats | 2BR | 2BR,1BA | $1.05 |
| Grahamwood Place | 1 bedroom 1 bathroom | 1BR,1BA | $0.93 |
College Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive
Where do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!
Read Article
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Pet Friendly LifestyleWalnut Grove, Memphis, TN
Ranked #28
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Walnut Grove
What type of rentals are currently available in Walnut Grove?
There are currently 101 Apartments for Rent in Walnut Grove, TN with pricing that ranges from $581 to $3,732. There are also 217 Single Family Homes for rent, Condos, and Townhome rentals currently available in Walnut Grove ranging from $825 to $5,995.
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 $825 to $5,995 with an average monthly rent of $1,775.
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 $875 to $3,732, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $1,440.
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.
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