Cheap Apartments for Rent in the Yale Yards Neighborhood of Memphis, TN from $500 (13 Rentals)

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

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2309 Warren St
1 Bedroom Apartments

2309 Warren St

2309 Warren StMemphis, TN 38106

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Coronado Manor
1 to 3 Bedroom Apartments

Coronado Manor

2459 Ketchum RdMemphis, TN 38114
  • Utilities Included
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Crane Manor Apartments
1 to 2 Bedroom Apartments

Crane Manor Apartments

2295 Candlewyck CirMemphis, TN 38114
  • Utilities Included
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Airways
2 Bedroom Apartments

Airways

2227 Airways BlvdMemphis, TN 38114

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Cheapest Available Yale Yards Apartments for Rent

 

The cheapest available apartment rental in the Yale Yards area of Memphis, TN is a 2 Beds unit found at Longview Gardens priced from $552. Longview Heights has the second lowest priced unit, which is a 2 Beds apartment currently listed from $619. Here are the most affordable Yale Yards apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Longview Gardens2 Bedroom2BR,1BA$552
Longview Heights2 Bed / 1 Bath2BR,1BA$619
2309 Warren St1 Beds, 1 Baths1BR,1BA$650
Airways2 Bedroom, 1 Bathroom2BR,1BA$750
1831 Castalia St1 Bed 1 Bath1BR,1BA$750

Best Value Apartments for Rent in Yale Yards, TN

As of June 10, 2026 the best value apartment in the Yale Yards area is the $0.95 price per square foot 2 Beds, 2 baths Model at Ruby Oaks Apartments in the in the South Memphis neighborhood starting from $895. The second greatest value Yale Yards apartment is the 1BR/1BA Model at Whispering Pines Apartments starting at $750 with a $0.83 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for Yale Yards apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ruby Oaks Apartments2 Beds, 2 baths2BR,2BA$0.95
Whispering Pines Apartments1BR/1BA1BR,1BA$0.83
Longview Gardens2 Bedroom2BR,1BA$0.70
Longview Heights2 Bed / 1 Bath2BR,1BA$0.79
1831 Castalia St1 Bed 1 Bath1BR,1BA$1.15
Airways2 Bedroom, 1 Bathroom2BR,1BA$1.20
2309 Warren St1 Beds, 1 Baths1BR,1BA$1.06

Frequently Asked Questions about Cheap Yale Yards Apartments

What is the price of a cheap apartment in Yale Yards?

The cheapest apartment in Yale Yards is 2309 Warren St which is listed at $650, while the average apartment in Yale Yards costs $995.

What types of apartments are the cheapest in Yale Yards?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Yale Yards that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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