
Cheap Apartments for Rent in the Yale Yards Neighborhood of Memphis, TN from $500 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Yale Yards area of Memphis.


Coronado Manor

Longview Gardens

Ruby Oaks Apartments

Longview Heights
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.
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.
Yale Yards, Memphis, TN Local Guide

How much does it cost to rent an apartment in Yale Yards?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Yale Yards Studio Apartments | $1,649 | $1,649 | $1,649 |
Yale Yards 1 Bedroom Apartments | $812 | $699 | $900 |
Yale Yards 2 Bedroom Apartments | $764 | $576 | $936 |
Yale Yards 3 Bedroom Apartments | $995 | $995 | $995 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Yale Yards Neighborhood of Memphis, TN.
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Yale Yards, Memphis, TN Local Guide
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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 $576. Longview Heights has the second lowest priced unit, which is a 2 Beds apartment currently listed from $607. Here are the most affordable Yale Yards apartments for rent in Memphis, TN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Longview Gardens | 2 Bedroom | 2BR,1BA | $576 |
Longview Heights | 2 Bed / 1 Bath | 2BR,1BA | $607 |
Coronado Manor | 1 bedroom | 1BR,1BA | $699 |
Grainge Hill Apartments | 2 Bed / 1.5 Bath | 2BR,1BA | $849 |
Ruby Oaks Apartments | 2 Beds, 1 bath | 2BR,1BA | $865 |
Best Value Apartments for Rent in Yale Yards, TN
As of July 11, 2025 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 2 Bed / 1 Bath Model at Longview Heights starting at $607 with a $0.77 price per square foot in the South Memphis neighborhood. Here is today’s list of the best values for Yale Yards apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Ruby Oaks Apartments | 2 Beds, 2 baths | 2BR,2BA | $0.95 |
Longview Heights | 2 Bed / 1 Bath | 2BR,1BA | $0.77 |
Longview Gardens | 2 Bedroom | 2BR,1BA | $0.73 |
Grainge Hill Apartments | 2 Bed / 1.5 Bath | 2BR,1.5BA | $1.08 |
Coronado Manor | 1 bedroom | 1BR,1BA | $1.25 |
Furnished Studio-Memphis - Airport | Furnished Studio-Memphis - Airport | Studio ,1BA | $5.50 |
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Pet Friendly LifestyleYale Yards, Memphis, TN
Ranked #50
Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Yale Yards Apartments
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 9 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
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.

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.

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.

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.

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.