Cheap Apartments for Rent in Shelby County, TN from $300 (573 Rentals)

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

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.

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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.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Cheapest Available Shelby County Apartments for Rent

 

The cheapest available apartment rental in Shelby County, TN is a 2 Beds unit found at Longview Gardens in the South Memphis neighborhood priced from $495. 4015 Summer Ave 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
Longview Gardens2 Bedroom2BR,1BA$495
4015 Summer AveOne1BR,1BA$550
165 N Merton1BR/1.0BA1BR,1BA$550
El Dorado1 Bedroom1BR,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
Longview Heights2 Bed / 1 Bath2BR,1BA$605
High Point Apartments1 Bedroom 1 Bathroom1BR,1BA$618

Best Value Apartments for Rent in Shelby County, TN

As of January 11, 2026 the best value apartment in the Shelby County area is the $0.65 price per square foot 4 Bedroom Model at Barksdale Flats in the in the East Memphis neighborhood starting from $1,500. The second greatest value Shelby County apartment is the Private Room Model at 1791 Whitman Rd starting at $800 with a $0.36 price per square foot in the South 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$0.65
1791 Whitman RdPrivate Room5BR,1BA$0.36
Student Lofts at BristerEntire home 4 Bedrooms 4 Baths1BR,1BA$0.38
Village of Sycamore Ridge3brTH 2.5ba3BR,2.5BA$0.73
Emerald Pointe-New3 bedroom 2.5 bathroom3BR,2.5BA$0.70
Lakes at Epping Way3 Bed / 2 Bath - Family Option3BR,2BA$0.70
FairwayTwo Bedroom Townhome w/Stairs2BR,1.5BA$0.60
Shadowbrook Townhomes2 Bedroom w/ Den2BR,1.5BA$0.69
Pinetree Place Apartments2 Bedroom Basic RemodelStudio ,1BA$0.74
Longview Gardens2 Bedroom2BR,1BA$0.63

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 $618.

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

The cheapest apartment in Shelby County is 4015 Summer Ave which is listed at $550, while the average apartment in Shelby County costs $3,095.

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 784 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 $246 which is $2,849 cheaper than the average rent for all rentals in Shelby County.

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

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!