Cheap Homes for Rent in the Yale Yards Neighborhood of Memphis, TN from $550 (4 Rentals)

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

$550

1 Bedroom, 1 Bath Townhome for Rent

Available Now

Cost Per Sq.Ft.

1485 E Mallory Ave

MemphisTN38106

$750

2 Bedroom, 1 Bath Rentals

Available Now

Affordability

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City

Moving to the Bluff City? Get the insider’s guide on Memphis life, from specific neighborhood personalities and current average rent, to the best barbecue and live music spots.

Read Article

$795

2 Bedroom, 1 Bath Rentals

Available Now

Affordability

2426 Boyle Ave

MemphisTN38114

$795

2 Bedroom, 1 Bath Home for Rent

Available Now

Affordability

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article

Showing Results 1-4, Page 1 of 1

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	$964	$750	$1,300
Yale Yards 3 Bedroom Homes for Rent	$1,206	$950	$1,395
Yale Yards 4 Bedroom Homes for Rent	$1,321	$850	$1,550

Browse Homes for Rent in this Neighborhood

There are currently 4 rentals with your search options within a 2 mile radius of the Yale Yards Neighborhood of Memphis, TN.

Explore Memphis

Best Value Homes for Rent in Yale Yards, TN

As of September 19, 2026 the best value rental home in the Yale Yards area is the $0.74 price per square foot 2628 Lowell Ave Model at 2628 Lowell Ave in the East Memphis neighborhood starting from $950. The second greatest value Yale Yards rental home is the 1500 E Alcy Rd Model at 1500 E Alcy Rd in the South Memphis neighborhood starting at $1,215 with a $0.99 price per square foot. Here is today’s list of the best values for Yale Yards homes based on price per square foot:

Home Listing	Model Name	Bed/Bath	Price Per Sq.Ft.
2628 Lowell Ave	2628 Lowell Ave	4BR, 2BA	$0.74
1500 E Alcy Rd	1500 E Alcy Rd	3BR, 1.5BA	$0.99
1981 Boyle Ave	1981 Boyle Ave	3BR, 2BA	$1.13
2067 Blakewood Pl	2067 Blakewood Pl	2BR, 2BA	$1.30
2461 Lowell Ave	2461 Lowell Ave	2BR, 1BA	$0.97
2426 Boyle Ave	2426 Boyle Ave	2BR, 1BA	$1.03

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 $609 to $995. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Yale Yards ranging from $550 to $1,550.

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 $550 to $1,550 with an average monthly rent of $1,136.

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.

Helpful Local Expert Guides

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City

Written by: Joshua Carlucci

Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.