Cheap Apartments for Rent in Shelby County, TN from $300 (545 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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

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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 Timber Pines Apartments in the Frayser neighborhood priced from $500. 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
Timber Pines Apartments2 Bed2BR,1BA$500
4015 Summer AveOne1BR,1BA$550
165 N Merton1BR/1.0BA1BR,1BA$550
El Dorado1 Bedroom1BR,1BA$551
Longview Gardens2 Bedroom2BR,1BA$575
New Horizon - KingsgateEffStudio,1BA$577
The Residences at LakeviewStudioStudio,1BA$581
Shady Oaks1 Bed, 1 bath1BR,1BA$595
Emerald Ridge1 bedroom 1 bathroom1BR,1BA$599
Hilldale Apartments1x11BR,1BA$600

Best Value Apartments for Rent in Shelby County, TN

As of August 04, 2025 the best value apartment in the Shelby County area is the $0.38 price per square foot Student Housing Per Person Model at 3570 Spottswood Ave in the in the East Memphis neighborhood starting from $750. The second greatest value Shelby County apartment is the Entire home 4 Bedrooms 4 Baths Model at Student Lofts at Brister starting at $775 with a $0.42 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.
3570 Spottswood AveStudent Housing Per Person5BR,5BA$0.38
Student Lofts at BristerEntire home 4 Bedrooms 4 Baths1BR,1BA$0.42
Emerald Square4 bedroom 2.5 bathroom4BR,2.5BA$0.75
Emerald Pointe3 bedroom 2.5 bathroom3BR,2.5BA$0.70
Chapel Place Homes4BR4BR,3BA$0.71
Lakes at Epping Way3 Bed / 2 Bath - Family Option3BR,2BA$0.70
Shadowbrook Townhomes2 Bedroom w/ Den2BR,1.5BA$0.69
Shady Oaks1 Bed, 1 bath1BR,1BA$0.66
Longview Gardens2 Bedroom2BR,1BA$0.73
Timber Pines Apartments1 Bed1BR,1BA$0.71

Frequently Asked Questions about Cheap Shelby County Apartments

What is the Cheapest Studio apartment in Shelby County?

Currently the most affordable Cheap Studio Apartment in Shelby County is at The Residences at Lakeview listed at $581.

How much is rent for a Cheap One Bedroom Shelby County Apartment?

The lowest price for a Cheap One Bedroom Shelby County Apartment is $500 at Timber Pines Apartments.

What is the lowest price for a Cheap Two Bedroom Shelby County Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Shelby County is starting from $500 at Timber Pines Apartments.

What is the most affordable Shelby County Three Bedroom Apartment?

The best deal on a cheap Shelby County Three Bedroom Apartment rental is at Valley Forge and starts from $750.

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.

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.