Cheap Homes for Rent in Yale Yards Neighborhood of Memphis, TN from $700 (12 Rentals)

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Search the lowest-cost Homes 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.

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.

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 Gardens priced from $582. Longview Heights has the second lowest priced unit, which is a 2 Beds apartment currently listed from $610. Here are the most affordable Yale Yards apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Longview Gardens2 Bedroom2BR,1BA$582
Longview Heights2 Bed / 1 Bath2BR,1BA$610
Coronado Manor1 bedroom1BR,1BA$699
Grainge Hill Apartments2 Bed / 1.5 Bath2BR,1BA$849
Ruby Oaks Apartments2 Beds, 1 bath2BR,1BA$865

Best Value Apartments for Rent in Yale Yards, TN

As of July 25, 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 $610 with a $0.77 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$0.77
1954 Philsar St, Unit 11954 Philsar St2BR,1BA$0.86
Longview Gardens2 Bedroom2BR,1BA$0.74
Grainge Hill Apartments2 Bed / 1.5 Bath2BR,1.5BA$1.08
Airways2 Bedroom, 1 Bathroom2BR,1BA$1.28
Coronado Manor1 bedroom1BR,1BA$1.25
Furnished Studio-Memphis - AirportFurnished Studio-Memphis - AirportStudio ,1BA$3.80

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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 $1,139. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Yale Yards ranging from $700 to $1,645.

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 $700 to $1,645 with an average monthly rent of $1,056.

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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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.

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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.

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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.

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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.