Cheap Apartments for Rent in Shelby County, TN from $300 (567 Rentals)

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Search the lowest-cost Apartments available for rent right now in Shelby County.

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Cheapest Available Shelby County Apartments for Rent

 

The cheapest available apartment rental in Shelby County, TN is a 1 Bed unit found at El Dorado in the East Memphis neighborhood priced from $547. 165 N Merton in the East Memphis neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable Shelby County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
El Dorado1 Bedroom1BR,1BA$547
165 N Merton1BR/1.0BA1BR,1BA$550
Edison ParkOne Bedroom 240sqftStudio,1BA$560
Longview Gardens2 Bedroom2BR,1BA$564
The Residences at LakeviewStudioStudio,1BA$581
Emberly Apartments1 Bedroom, 1 Bathroom1BR,1BA$598
Emerald Ridge-New1 bedroom 1 bathroom1BR,1BA$599
Yugo Memphis Southern4 Bed, 4 Bath Classic4BR,4BA$599
Pinetree Place Apartments2 Bedroom Basic RemodelStudio,1BA$625
Village Square2068 #31BR,1BA$625

Best Value Apartments for Rent in Shelby County, TN

As of November 18, 2025 the best value apartment in the Shelby County area is the $0.69 price per square foot 4 Bedroom Model at Barksdale Flats in the in the East Memphis neighborhood starting from $1,595. The second greatest value Shelby County apartment is the Entire home 4 Bedrooms 4 Baths Model at Student Lofts at Brister starting at $595 with a $0.32 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for Shelby County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Barksdale Flats4 Bedroom4BR,2BA$0.69
Student Lofts at BristerEntire home 4 Bedrooms 4 Baths1BR,1BA$0.32
Sunridge Townhomes3 Bed 2.5 Bath3BR,2.5BA$0.78
Emerald Square-New4 bedroom 2.5 bathroom4BR,2.5BA$0.75
Emerald Pointe-New3 bedroom 2.5 bathroom3BR,2.5BA$0.70
Lakes at Epping Way3 Bed / 2 Bath - Family Option3BR,2BA$0.70
Shadowbrook Townhomes2 Bedroom w/ Den2BR,1.5BA$0.69
Summer Oaks Apartments4030 Summer2BR,1BA$0.81
Valley ForgeTwo Bedroom2BR,1BA$0.80
Longview Gardens2 Bedroom2BR,1BA$0.72

Frequently Asked Questions about Cheap Shelby County Apartments

What is a cheap apartment in Shelby County?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Shelby County is under $625.

What is the price of a cheap apartment in Shelby County?

The cheapest apartment in Shelby County is El Dorado which is listed at $550, while the average apartment in Shelby County costs $11,718.

What types of apartments are the cheapest in Shelby County?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 495 regular apartments in Shelby County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Shelby County?

Cheap apartments in Shelby County have an average cost of $265 which is $11,453 cheaper than the average rent for all rentals in Shelby County.

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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