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
  • Utilities Included

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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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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
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Airways
2 Bedroom Apartments

Airways

2227 Airways BlvdMemphis, TN 38114

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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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Showing Results 1-13, Page 1 of 1

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 $560. Longview Heights has the second lowest priced unit, which is a 2 Beds apartment currently listed from $615. Here are the most affordable Yale Yards apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Longview Gardens2 Bedroom2BR,1BA$560
Longview Heights2 Bed / 1 Bath2BR,1BA$615
Airways2 Bedroom, 1 Bathroom2BR,1BA$750
1831 Castalia St1 Bed 1 Bath1BR,1BA$750
Ruby Oaks Apartments2 Beds, 1 bath2BR,1BA$865

Best Value Apartments for Rent in Yale Yards, TN

As of April 20, 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 2 Bed / 1 Bath Model at Longview Heights starting at $615 with a $0.78 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Ruby Oaks Apartments2 Beds, 2 baths2BR,2BA$0.95
Longview Heights2 Bed / 1 Bath2BR,1BA$0.78
Longview Gardens2 Bedroom2BR,1BA$0.71
1831 Castalia St1 Bed 1 Bath1BR,1BA$1.15
Airways2 Bedroom, 1 Bathroom2BR,1BA$1.20

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 1831 Castalia St which is listed at $750, 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 17 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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