Cheap Homes for Rent in Winchester Park Neighborhood of Memphis, TN from $500 (26 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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.

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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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property at 227 N Willett St

$1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

227 N Willett St

MemphisTN38112
property at 1540 Tutwiler Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1540 Tutwiler Ave

MemphisTN38107

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.

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property at 1542 Tutwiler Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

1542 Tutwiler Ave

MemphisTN38107
property at 1075 Kney St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

1075 Kney St

MemphisTN38107
Showing Results 1-26, Page 1 of 1

Winchester Park, Memphis, TN Local Guide

Cheapest Available Winchester Park Apartments for Rent

 

The cheapest available apartment rental in the Winchester Park area of Memphis, TN is a Studio unit found at The Pulse Apartments priced from $634. Melrose Court Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here are the most affordable Winchester Park apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
The Pulse ApartmentsStudio 1 BathroomStudio,1BA$634
Melrose Court Apartments1 Bed, 1 bath1BR,1BA$695
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$750
Owens Place Townhomes1 Bed Flat1BR,1BA$760
Uptown Square ApartmentsStudio - HandicappedStudio,1BA$760
Edison ParkOne Bedroom High-RiseStudio,1BA$765
Central GardensStudio One Bath1BR,1BA$775
Crescent Bluff11A501BR,1BA$784
Monroe Flats1 Bedroom, 1 Bathroom1BR,1BA$799
Kimbrough Tower ApartmentsStudio 1 BathroomStudio,1BA$800

Best Value Apartments for Rent in Winchester Park, TN

As of April 10, 2026 the best value apartment in the Winchester Park area is the $1.07 price per square foot 505 S Main St Model at 505 S Main St, Unit 509 South Main #102 in the in the Downtown Memphis neighborhood starting from $1,750. The second greatest value Winchester Park apartment is the 2 Bed 2 Bath Model at 65 N Belvedere Blvd starting at $1,350 with a $1.00 price per square foot in the Midtown Memphis neighborhood. Here is today’s list of the best values for Winchester Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
505 S Main St, Unit 509 South Main #102505 S Main St2BR,2BA$1.07
65 N Belvedere Blvd2 Bed 2 Bath2BR,2BA$1.00
The Broadmoor Apartments2BR/1.0BA2BR,1BA$0.90
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
1751 Poplar Ave1751 Poplar Ave2BR,1BA$0.91
Bickford Square Apartments2BR/2BA2BR,2BA$0.84
The MidtownerMidTowner2BR,1BA$1.05
Goodbar Townhomes2BR/1.0BA2BR,1BA$1.04
Linden Yards ApartmentsTwo Bedroom2BR,1BA$0.97
Monroe Flats1 Bedroom, 1 Bathroom1BR,1BA$1.04

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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!

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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.

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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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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Winchester Park, Memphis, TN

Ranked #5

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 Winchester Park

What type of rentals are currently available in Winchester Park?

There are currently 620 Apartments for Rent in Winchester Park, TN with pricing that ranges from $525 to $6,253. There are also 100 Single Family Homes for rent, Condos, and Townhome rentals currently available in Winchester Park ranging from $575 to $4,900.

What is the current price range for Rental Homes in Winchester Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Winchester Park ranges from $575 to $4,900 with an average monthly rent of $1,863.

How much are larger Three and Four Bedroom Rentals in Winchester Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Winchester Park range from $995 to $6,253, while Three Bedroom Homes, Condos, and Townhomes for rent range from $795 to $2,850. Four Bedroom Single-Family rentals are also available starting from $1,095 and Four Bedroom Apartments start at $2,150.

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.

Articles, How-To's, and Tips

decorative image for Affordable Memphis: The Best Lower Priced Neighborhoods with Character article

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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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.