Cheap Apartments for Rent in New Memphis, IL from $500 (23 Rentals)

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Search the lowest-cost Apartments available for rent right now in New Memphis.

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.

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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.

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McKay Manor
2 Bedroom Apartments

McKay Manor

1 McKay Manor DrBreese, IL 62230

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.

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Showing Results 1-23, Page 1 of 1

New Memphis, IL Local Guide

Cheapest Available New Memphis Apartments for Rent and Nearby

 

The cheapest available apartment rental in New Memphis, IL is a 2 Beds unit found at McKay Manor priced from $524. 215 anderson lane A in the Green Mount Manor neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable New Memphis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
McKay Manor2 Bedroom2BR,1BA$524
215 anderson lane A1 BR / 1 BA1BR,1BA$825
Bouse Apartment Homes1 Bedroom 1 Bath1BR,1BA$845
Shiloh Commons HoldingsA2 1Bed | 1 Bath1BR,1BA$985
Green Door Apartments“Two Ways to Save—You Choose!” $1,000 Move-In ...1BR,1BA$1,000

Best Value Apartments for Rent in New Memphis, IL and Nearby

As of June 01, 2025 the best value apartment in the New Memphis area is the $1.13 price per square foot Hayden B1 Model at Storyboard on Hayden in the in the Timberbrook neighborhood starting from $1,410. The second greatest value New Memphis apartment is the Two Bedroom Model at Brookside Manor starting at $1,275 with a $1.13 price per square foot in the OFallon neighborhood. Here is today’s list of the best values for New Memphis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Storyboard on HaydenHayden B12BR,2.5BA$1.13
Brookside ManorTwo Bedroom2BR,1.5BA$1.13
Reside Here Apartments & Rentals2BR/1.5BA2BR,1.5BA$1.14
Linwood ApartmentsTwo Bed One Bath2BR,1BA$0.91
Townhomes on Luan Drive2BR2BR,1.5BA$1.35
215 anderson lane A2 BR / 1 BA2BR,1BA$1.07
Storyboard on RockwoodRockwood B22BR,1.5BA$1.29
McKay Manor2 Bedroom2BR,1BA$0.53
Storyboard on WisteriaWisteria B12BR,1BA$1.34
Winchester Place Apartments1 Bedroom / 1 Bath Loft 895 sq ft1BR,1BA$1.25

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Frequently Asked Questions about Cheap New Memphis Apartments

How much is rent for a Cheap One Bedroom New Memphis Apartment?

The lowest price for a Cheap One Bedroom New Memphis Apartment is $825 at 215 anderson lane A.

What is the lowest price for a Cheap Two Bedroom New Memphis Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in New Memphis is starting from $524 at McKay Manor.

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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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.