Cheap Apartments for Rent in New Memphis, IL from $500 (11 Rentals)

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

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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 $548. 215 anderson lane A in the OFallon 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$548
215 anderson lane A1 BR / 1 BA1BR,1BA$825
Bouse Apartment Homes1 Bedroom 1 Bath1BR,1BA$845
Green Door ApartmentsSave up to $500 off Move In Costs with your EXC...1BR,1BA$1,000
Linwood ApartmentsTwo Bed One Bath2BR,1BA$1,000

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

As of August 03, 2025 the best value apartment in the New Memphis area is the $0.58 price per square foot 3 Bedroom Model at McKay Manor in the starting from $730. The second greatest value New Memphis apartment is the Hayden B1 Model at Storyboard on Hayden starting at $1,350 with a $1.08 price per square foot in the Metro East 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.
McKay Manor3 Bedroom3BR,2BA$0.58
Storyboard on HaydenHayden B12BR,2.5BA$1.08
Storyboard on WisteriaWisteria B32BR,2BA$1.28
Cantwell Crossing Apartments and TownhomesRenovated 2 Bedroom2BR,2BA$1.30
Reside Here Apartments & Rentals2BR/1.5BA2BR,1.5BA$1.14
Linwood ApartmentsTwo Bed One Bath2BR,1BA$0.91
215 anderson lane A2 BR / 1 BA2BR,1BA$1.07
Townhomes on Luan Drive2BR2BR,1.5BA$1.35
Winchester Place Apartments2 Bedroom / 2 Bath 980 sq ft2BR,2BA$1.35
Storyboard on RockwoodRockwood A11BR,1BA$1.16

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Location, Location, Location!

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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 $548 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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.