304 Estate Dr
O'FallonIL62269
Cheap Homes for Rent in New Memphis, IL from $800 (12 Rentals)
Search the lowest-cost Homes available for rent right now in New Memphis.
438 Williamsburg Dr
BellevilleIL62221
115 S Lawn Ave
O'FallonIL62269
1724 McClintock Ave
BellevilleIL62221
120 W 7th St
O'FallonIL62269
415 Williamsburg Dr
BellevilleIL62221
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.
729 Oxen Dr
BellevilleIL62221
36 Kinney Dr
BellevilleIL62221
166 Eagle Ridge
O'FallonIL62269
117 Twin Oaks Dr
BellevilleIL62221
455 Ponderosa Ave
O'FallonIL62269
425 Ponderosa Ave
O'FallonIL62269
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.
Showing Results 1-12, 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 | $1,280 | $875 | $2,600 |
| New Memphis 3 Bedroom Homes for Rent | $2,036 | $1,195 | $2,900 |
| New Memphis 4 Bedroom Homes for Rent | $2,862 | $2,250 | $3,500 |
| New Memphis 5 Bedroom Homes for Rent | $2,250 | $2,250 | $2,250 |
Browse Top Homes for Rent in New Memphis
Explore New Memphis
New Memphis, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Bouse Apartment Homes in the Metro East neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $845. Here is today’s list of the most affordable New Memphis apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| McKay Manor | 2 Bedroom | 2BR,1BA | $548 |
| Bouse Apartment Homes | 1 Bedroom 1 Bath | 1BR,1BA | $845 |
| 500 E A St | 1 Bed, 1 bath | 1BR,1BA | $895 |
| Linwood Apartments | Two Bed One Bath | 2BR,1BA | $1,000 |
| Shiloh Commons Holdings | A1 1 Bed | 1 Bath | 1BR,1BA | $1,003 |
Best Value Apartments for Rent in New Memphis, IL and Nearby
As of January 27, 2026 the best value apartment in the New Memphis area is the $1.00 price per square foot 3Bd Deluxe Townhouse w/ Garage Model at BSB Apartments in the in the Metro East neighborhood starting from $1,500. The second greatest value New Memphis apartment is the Hayden B1 Model at Storyboard on Hayden starting at $1,450 with a $1.16 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| BSB Apartments | 3Bd Deluxe Townhouse w/ Garage | 3BR,2BA | $1.00 |
| Storyboard on Hayden | Hayden B1 | 2BR,2.5BA | $1.16 |
| Storyboard on Wisteria | Wisteria B3 | 2BR,2BA | $1.24 |
| Storyboard on Rockwood | Rockwood B1 | 2BR,2BA | $1.13 |
| Storyboard on Park Entrance | Park Entrance B2 | 2BR,2BA | $1.15 |
| Reside Here Apartments & Rentals | 2BR/1.5BA | 2BR,1.5BA | $1.18 |
| Linwood Apartments | Two Bed One Bath | 2BR,1BA | $0.91 |
| Shadow Ridge Apartments | 2 Bed Townhome | 2BR,1.5BA | $1.18 |
| Storyboard on Shan | Shan B1 | 2BR,2BA | $1.28 |
| McKay Manor | 2 Bedroom | 2BR,1BA | $0.55 |
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
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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.
Let everyone know!
Do you know the New Memphis area?
If you’re an expert on all things New Memphis, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
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 43 Apartments for Rent in New Memphis, IL with pricing that ranges from $548 to $2,735. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Memphis ranging from $875 to $3,500.
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 $875 to $3,500 with an average monthly rent of $1,875.
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
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.