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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.
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Rent Specials
$595 - $7242 Bedroom Apartments Available Now
Longview Gardens
1726 S Orleans StMemphis, TN 38106
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$865 - $9952 to 3 Bedroom Apartments Available Now
Ruby Oaks Apartments
2464 Ruby Oaks DrMemphis, TN 38106
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Rent Specials
$634 - $7762 Bedroom Apartments Available Now
Longview Heights
1952 Philsar StMemphis, TN 38106
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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.
Showing Results 1-12, Page 1 of 1
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 | $1,169 | $1,169 | $1,169 |
| Yale Yards 1 Bedroom Apartments | $700 | $500 | $900 |
| Yale Yards 2 Bedroom Apartments | $658 | $595 | $895 |
| 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.
See all Apartments in MemphisExplore Memphis
Yale Yards, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
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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 1 Bed unit found at Coronado Manor priced from $500. Longview Gardens has the second lowest priced unit, which is a 2 Beds apartment currently listed from $595. Here are the most affordable Yale Yards apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Coronado Manor | 1 bedroom | 1BR,1BA | $500 |
| Longview Gardens | 2 Bedroom | 2BR,1BA | $595 |
| Longview Heights | 2 Bed / 1 Bath | 2BR,1BA | $632 |
| Grainge Hill Apartments | 2 Bed / 1.5 Bath | 2BR,1BA | $799 |
| Airways | 2 Bedroom, 1 Bathroom | 2BR,1BA | $800 |
Best Value Apartments for Rent in Yale Yards, TN
As of December 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 $632 with a $0.80 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 | $0.80 |
| Longview Gardens | 2 Bedroom | 2BR,1BA | $0.76 |
| Grainge Hill Apartments | 2 Bed / 1.5 Bath | 2BR,1.5BA | $1.02 |
| Coronado Manor | 2 bedrooms | 2BR,1BA | $1.07 |
| Airways | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.28 |
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.
Read ArticleThe 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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Pet Friendly LifestyleYale Yards, Memphis, TN
Ranked #50
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 Coronado Manor which is listed at $500, while the average apartment in Yale Yards costs $1,169.
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 10 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.
Articles, How-To's, and Tips
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!