Cheap Homes for Rent in New Memphis, IL from $600 (4 Rentals)

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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.

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.

New Memphis, IL Local Guide

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

As of September 10, 2025 the best value apartment in the New Memphis area is the $1.20 price per square foot Carol Ann B1 Model at Storyboard on Carol Ann in the in the OFallon neighborhood starting from $1,650. The second greatest value New Memphis apartment is the Hayden B1 Model at Storyboard on Hayden starting at $1,395 with a $1.11 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.
Storyboard on Carol AnnCarol Ann B12BR,2BA$1.20
Storyboard on HaydenHayden B12BR,2.5BA$1.11
Storyboard on Park EntrancePark Entrance B22BR,2BA$1.16
Brookside ManorTwo Bedroom2BR,1.5BA$1.21
Reside Here Apartments & Rentals2BR/1.5BA2BR,1.5BA$1.14
Linwood ApartmentsTwo Bed One Bath2BR,1BA$0.91
BSB Apartments2 Bd Townhouse2BR,1.5BA$0.98
215 anderson lane A2 BR / 1 BA2BR,1BA$1.07
McKay Manor2 Bedroom2BR,1BA$0.55
Storyboard on RockwoodRockwood A11BR,1BA$1.16

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about New Memphis

What type of rentals are currently available in New Memphis?

There are currently 40 Apartments for Rent in New Memphis, IL with pricing that ranges from $548 to $3,200. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Memphis ranging from $695 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 $695 to $3,400 with an average monthly rent of $1,885.

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 Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.