Cheap Homes for Rent in Shelby County, TN from $400 (551 Rentals)

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Search the lowest-cost Homes 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 1 Bed unit found at Coronado Manor in the East Memphis neighborhood priced from $500. Longview Gardens in the South Memphis neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $545. Here is today’s list of the most affordable Shelby County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Coronado Manor1 bedroom1BR,1BA$500
Longview Gardens2 Bedroom2BR,1BA$545
4015 Summer AveOne1BR,1BA$550
165 N Merton1BR/1.0BA1BR,1BA$550
El Dorado1 Bedroom1BR,1BA$564
The Residences at LakeviewStudioStudio,1BA$581
Yugo Memphis Southern4 Bed, 4 Bath Classic4BR,4BA$599
Emerald Ridge-New1 bedroom 1 bathroom1BR,1BA$599
Longview Heights2 Bed / 1 Bath2BR,1BA$617
High Point Apartments1 Bedroom 1 Bathroom1BR,1BA$618

Best Value Apartments for Rent in Shelby County, TN

As of January 02, 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$0.35
Emerald Square-New4 bedroom 2.5 bathroom4BR,2.5BA$0.75
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
Shadowbrook Townhomes2 Bedroom w/ Den2BR,1.5BA$0.65
Pinetree Place Apartments2 Bedroom Basic RemodelStudio ,1BA$0.74
Longview Gardens2 Bedroom2BR,1BA$0.69

Frequently Asked Questions about Shelby County

What type of rentals are currently available in Shelby County?

There are currently 1728 Apartments for Rent in Shelby County, TN with pricing that ranges from $485 to $8,090. There are also 2006 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shelby County ranging from $475 to $15,000.

What is the current price range for Rental Homes in Shelby County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Shelby County ranges from $475 to $15,000 with an average monthly rent of $1,839.

How much are larger Three and Four Bedroom Rentals in Shelby County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Shelby County range from $675 to $6,695, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $4,800. Four Bedroom Single-Family rentals are also available starting from $1,050 and Four Bedroom Apartments start at $599.

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 How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips article

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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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!