Cheap Apartments for Rent in the Yale Yards Neighborhood of Memphis, TN from $500 (29 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
close
View Me
Crane Manor Apartments
1 to 2 Bedroom Apartments

Crane Manor Apartments

2295 Candlewyck CirMemphis, TN 38114
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article
Showing Results 1-29, Page 1 of 1

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 1 Bed unit found at El Dorado priced from $548. New Horizon - Kingsgate has the second lowest priced unit, which is a Studio apartment currently listed from $577. Here are the most affordable Yale Yards apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
El Dorado1 Bedroom1BR,1BA$548
New Horizon - KingsgateEffStudio,1BA$577
Longview Heights2 Bed / 1 Bath2BR,1BA$597
Longview Gardens2 Bedroom2BR,1BA$622
Winchester GroveThe Willow - StudioStudio,1BA$684
Sunrise Terrace Apartments1 Bedroom1BR,1BA$690
Creekside Meadows1 Bedroom 1 Bathroom1BR,1BA$690
Manor Park Apartments1 Bed / 1 Bath1BR,1BA$700
Coronado Manor1 bedroom1BR,1BA$749
Central GardensStudio One Bath1BR,1BA$775

Best Value Apartments for Rent in Yale Yards, TN

As of June 15, 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 $597 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$0.79
Grainge Hill Apartments2 Bed / 1.5 Bath2BR,1.5BA$1.08
Bridgeport Manor2 Beds, 1 bath2BR,1BA$1.13
Sunrise Terrace Apartments1 Bedroom1BR,1BA$0.99
Creekside Meadows1 Bedroom 1 Bathroom1BR,1BA$1.07
Manor Park Apartments1 Bed / 1 Bath1BR,1BA$1.12
El Dorado1 Bedroom1BR,1BA$0.96
Coronado Manor1 bedroom1BR,1BA$1.34

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Yale Yards, Memphis, TN

Ranked #36

Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Cheap Yale Yards Apartments

What is a cheap apartment in Yale Yards?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Yale Yards is under $775.

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

The cheapest apartment in Yale Yards is El Dorado which is listed at $548, while the average apartment in Yale Yards costs $1,425.

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 61 regular apartments in Yale Yards that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Yale Yards?

Cheap apartments in Yale Yards have an average cost of $337 which is $1,088 cheaper than the average rent for all rentals in Yale Yards.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.