Cheap Homes for Rent in the Yale Yards Neighborhood of Memphis, TN from $500 (3 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

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$7001 Bedroom Apartments Available Now

2295 Candlewyck Cir, Unit 2254-5

2295 Candlewyck CirMemphis, TN 38114

Affordability

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

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$745

2 Bedroom, 1 Bath Home for Rent

Available Now

1659 Cooper St

MemphisTN38114

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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	$988	$745	$1,300
Yale Yards 3 Bedroom Homes for Rent	$1,203	$950	$1,350
Yale Yards 4 Bedroom Homes for Rent	$1,255	$895	$1,550
Yale Yards 5 Bedroom Homes for Rent	$1,322	$1,195	$1,450

Browse Homes for Rent in this Neighborhood

There are currently 3 rentals with your search options within a 2 mile radius of the Yale Yards Neighborhood of Memphis, TN.

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Best Value Apartments for Rent in Yale Yards, TN

As of August 05, 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 1 BR 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	1 BR	1BR,1BA	$0.83
Longview Gardens	2 Bedroom	2BR,1BA	$0.72
Longview Heights	2 Bed / 1 Bath	2BR,1BA	$0.77
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 $610 to $995. There are also 33 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 $1,133.

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.