
Cheap Homes for Rent in Yale Yards Neighborhood of Memphis, TN from $400 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Yale Yards area of Memphis.


2077 Lowell Ave

1918 Lapaloma St

1485 E Mallory Ave
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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.

1659 Cooper St

1800 McMillan St

442 Jacklyn Ave

1766 Cincinnati Rd
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Yale Yards, Memphis, TN Local Guide

How much does it cost to rent a home in Yale Yards?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Yale Yards 2 Bedroom Homes for Rent | $917 | $750 | $1,105 |
| Yale Yards 3 Bedroom Homes for Rent | $1,291 | $1,095 | $1,500 |
| Yale Yards 4 Bedroom Homes for Rent | $1,319 | $895 | $1,750 |
| Yale Yards 5 Bedroom Homes for Rent | $1,600 | $1,600 | $1,600 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Yale Yards Neighborhood of Memphis, TN.
Explore Memphis
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 $561. Longview Heights has the second lowest priced unit, which is a 2 Beds apartment currently listed from $616. 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 | $561 |
| Longview Heights | 2 Bed / 1 Bath | 2BR,1BA | $616 |
| 2309 Warren St | 1 Beds, 1 Baths | 1BR,1BA | $650 |
Best Value Apartments for Rent in Yale Yards, TN
As of June 13, 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 1BR/1BA Model at Whispering Pines starting at $750 with a $0.83 price per square foot in the East 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 |
| Whispering Pines | 1BR/1BA | 1BR,1BA | $0.83 |
| Longview Gardens | 2 Bedroom | 2BR,1BA | $0.71 |
| Longview Heights | 2 Bed / 1 Bath | 2BR,1BA | $0.78 |
| 1831 Castalia St | 1 Bed 1 Bath | 1BR,1BA | $1.15 |
| Airways | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.20 |
| 2309 Warren St | 1 Beds, 1 Baths | 1BR,1BA | $1.06 |
Frequently Asked Questions about Yale Yards
What type of rentals are currently available in Yale Yards?
There are currently 39 Apartments for Rent in Yale Yards, TN with pricing that ranges from $562 to $995. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Yale Yards ranging from $495 to $1,750.
What is the current price range for Rental Homes in Yale Yards?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Yale Yards ranges from $495 to $1,750 with an average monthly rent of $1,150.
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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