2609 Sierra Dr
BellevilleIL62221
Cheap Homes for Rent in New Memphis, IL from $600 (14 Rentals)
Search the lowest-cost Homes available for rent right now in New Memphis.
129 Sugar Pine Ln
O'FallonIL62269
304 Estate Dr
O'FallonIL62269
106 Lee Dr
O'FallonIL62269
225 Eagle Ridge
O'FallonIL62269
409 W Washington St
FreeburgIL62243
418 Donna Dr
O'FallonIL62269
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
1006 Scott Troy Rd
LebanonIL62254
842 Southgate Dr
FreeburgIL62243
122 E State St
MascoutahIL62258
1101 W Nixon Dr
O'FallonIL62269
1007 Belleville St
LebanonIL62254
1311 W Hwy 50
O'FallonIL62269
310 S 10th St
BellevilleIL62220
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Showing Results 1-14, Page 1 of 1
New Memphis, IL Local Guide
Welcome sign by Mark Goebel is licensed under CC BY 2.0
How much does it cost to rent a home in New Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Memphis 2 Bedroom Homes for Rent | $1,293 | $750 | $1,925 |
| New Memphis 3 Bedroom Homes for Rent | $2,090 | $1,275 | $3,000 |
| New Memphis 4 Bedroom Homes for Rent | $2,598 | $2,395 | $2,900 |
| New Memphis 5 Bedroom Homes for Rent | $3,200 | $3,000 | $3,400 |
| New Memphis 6 Bedroom Homes for Rent | $2,995 | $2,995 | $2,995 |
Browse Top Homes for Rent in New Memphis
Explore New Memphis
New Memphis, IL Local Guide
- Nearby Cities
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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 Cedars of Lebanon Apartments in the Metro East neighborhood priced from $200. McKay Manor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $475. Here is today’s list of the most affordable New Memphis apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cedars of Lebanon Apartments | Two Bedroom | 2BR,1BA | $200 |
| McKay Manor | 1 Bdrm | 1BR,1BA | $475 |
| Flax Meadow Townhomes | Two Bed | 2BR,1BA | $715 |
| Lakewood Estates | 1 Bedroom | 1BR,1BA | $750 |
| Bouse Apartment Homes | 1 Bedroom 1 Bath | 1BR,1BA | $845 |
Best Value Apartments for Rent in New Memphis, IL and Nearby
As of June 18, 2026 the best value apartment in the New Memphis area is the $1.04 price per square foot 3 Bd Townhouse w/ Garage Model at BSB Apartments in the in the Metro East neighborhood starting from $1,150. The second greatest value New Memphis apartment is the 2BR/1.5BA Model at Reside Here Apartments & Rentals starting at $1,195 with a $1.09 price per square foot in the Willow Walk neighborhood. Here is today’s list of the best values for New Memphis apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| BSB Apartments | 3 Bd Townhouse w/ Garage | 3BR,2BA | $1.04 |
| Reside Here Apartments & Rentals | 2BR/1.5BA | 2BR,1.5BA | $1.09 |
| Linwood Apartments | Two Bed One Bath | 2BR,1BA | $0.91 |
| 1118 E 3rd St | 2 Beds, 1 bath | 2BR,1BA | $1.18 |
| 1400 Sangamon Dr | 2 Beds, 2 baths | 2BR,2BA | $1.15 |
| Storyboard on Rockwood | Rockwood A1 | 1BR,1BA | $1.21 |
| Flax Meadow Townhomes | Two Bed | 2BR,1.5BA | $0.81 |
| Lakewood Estates | 1 Bedroom | 1BR,1BA | $0.94 |
| McKay Manor | 1 Bdrm | 1BR,1BA | $0.64 |
| Cedars of Lebanon Apartments | Studio | Studio ,1BA | $0.44 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Explore New Memphis, IL Rentals by Map
See the most popular apartments and homes in New Memphis, IL
Frequently Asked Questions about New Memphis
What type of rentals are currently available in New Memphis?
There are currently 49 Apartments for Rent in New Memphis, IL with pricing that ranges from $200 to $2,605. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Memphis ranging from $675 to $3,400.
What is the current price range for Rental Homes in New Memphis?
Today's rental pricing for Homes for Rent, Condos and Townhomes in New Memphis ranges from $675 to $3,400 with an average monthly rent of $2,186.
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.
Articles, How-To's, and Tips
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.