Cheap Homes for Rent in Walnut Grove Neighborhood of Memphis, TN from $600 (31 Rentals)

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

property at 2367 Forest Ave

2367 Forest Ave

MemphisTN38112

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Read Article

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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Showing Results 1-31, Page 1 of 1

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
Oak Grove Flats2BR2BR,1BA$667
Grahamwood Place Apartments1 bedroom 1 bathroom1BR,1BA$699
Cherry Creek1 Bedroom1BR,1BA$735
Summer Oaks Apartments2 Beds, 1 bath2BR,1BA$750
The Trails at Mt. Moriah1 bed 1 bath A1BR,1BA$775
Courtyard @ Waring Park2x1 (700)2BR,1BA$775

Best Value Apartments for Rent in Walnut Grove, TN

As of September 06, 2025 the best value apartment in the Walnut Grove area is the $1.03 price per square foot The Overton Model at MAA Park Estate in the in the East Memphis neighborhood starting from $1,338. The second greatest value Walnut Grove apartment is the Lennox Model at Poplar Place Townhomes starting at $1,375 with a $1.06 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 Overton2BR,2BA$1.03
Poplar Place TownhomesLennox2BR,1.5BA$1.06
Oak Grove Flats3BR3BR,1.5BA$0.94
Grahamwood Place Apartments1 bedroom 1 bathroom1BR,1BA$0.74
Summer Oaks Apartments2 Beds, 1 bath2BR,1BA$0.81
Shady Oaks1 Bed, 1 bath1BR,1BA$0.66
Crossings at Fox Meadows1 Bedroom, 1 Bathroom1BR,1BA$1.10
Courtyard @ Waring Park2x1 (700)2BR,1BA$1.11
4015 Summer AveOne1BR,1BA$0.88
4659 Cottonwood Rd1 Bed 1 Bath1BR,1BA$0.91

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Pet Friendly Lifestyle
Walnut Grove, Memphis, TN

Ranked #27

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $3,745. There are also 272 Single Family Homes for rent, Condos, and Townhome rentals currently available in Walnut Grove ranging from $650 to $4,995.

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 $650 to $4,995 with an average monthly rent of $1,640.

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 $795 to $3,669, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $2,985. Four Bedroom Single-Family rentals are also available starting from $1,295 and Four Bedroom Apartments start at $1,600.

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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.