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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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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2309 Warren St
1 Bedroom Apartments

2309 Warren St

2309 Warren StMemphis, TN 38106
  • Utilities Included

Yale Yards, Memphis, TN Local Guide

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 Heights priced from $602. Longview Gardens has the second lowest priced unit, which is a 2 Beds apartment currently listed from $618. Here are the most affordable Yale Yards apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Longview Heights2 Bed / 1 Bath2BR,1BA$602
Longview Gardens2 Bedroom2BR,1BA$618
Coronado Manor1 bedroom1BR,1BA$749
Airways2 Bedroom, 1 Bathroom2BR,1BA$800
Grainge Hill Apartments2 Bed / 1.5 Bath2BR,1BA$849

Best Value Apartments for Rent in Yale Yards, TN

As of September 09, 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 $602 with a $0.76 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$0.76
Longview Gardens2 Bedroom2BR,1BA$0.78
Grainge Hill Apartments2 Bed / 1.5 Bath2BR,1.5BA$1.08
Airways2 Bedroom, 1 Bathroom2BR,1BA$1.28
Coronado Manor1 bedroom1BR,1BA$1.34
Furnished Studio-Memphis - AirportFurnished Studio-Memphis - AirportStudio ,1BA$3.80

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Pet Friendly Lifestyle
Yale Yards, Memphis, TN

Ranked #50

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 12 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.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.