Cheap Homes for Rent in Shelby County, TN from $500 (786 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 6103 Yorkhill Dr

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700
Total Monthly Price
$700

1 Bedroom, 1 Bath Home for Rent

Available Now

6103 Yorkhill Dr, Unit B

6103 Yorkhill Dr
BartlettTN38135

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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property at 820 Maury St

$725

1 Bedroom Rentals

Available Now

820 Maury St

MemphisTN38107

Cash 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.

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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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 16

Cheapest Available Shelby County Apartments for Rent

 

The cheapest available apartment rental in Shelby County, TN is a 1 Bed unit found at Watkins Manor in the Frayser neighborhood priced from $350. 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
Watkins Manor1 Bed, 1 bath1BR,1BA$350
165 N Merton1BR/1.0BA1BR,1BA$550
Longview Gardens2 Bedroom2BR,1BA$562
El Dorado1 Bedroom1BR,1BA$568
The Residences at LakeviewStudioStudio,1BA$581
Monarch on HighlandMHLA11BR,1BA$600
Longview Heights2 Bed / 1 Bath2BR,1BA$617
288 Leath St1 Beds, 1 Baths1BR,1BA$625
Huntington Hills1 BR/ 1 BA1BR,1BA$649

Best Value Apartments for Rent in Shelby County, TN

As of July 03, 2026 the best value apartment in the Shelby County area is the $0.51 price per square foot 4 Beds, 2 Baths Model at 378 N Highland St in the in the East Memphis neighborhood starting from $1,550. The second greatest value Shelby County apartment is the 4 Bed, 3 Bath Model at Sunridge Townhomes starting at $1,595 with a $0.76 price per square foot in the Raleigh 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.
378 N Highland St4 Beds, 2 Baths4BR,2BA$0.51
Sunridge Townhomes4 Bed, 3 Bath4BR,3BA$0.76
Student Lofts at BristerEntire home 4 Bedrooms 4 Baths(SHARED HOUSING1BR,1BA$0.38
Village of Sycamore Ridge3brTH 2.5ba3BR,2.5BA$0.73
Raleigh Court Townhomes3 bedroom 1 1/2 bath3BR,1.5BA$0.77
Emerald Pointe3 bedroom 2.5 bathroom3BR,2.5BA$0.70
Shadowbrook Townhomes2 Bedroom w/ Den2BR,1.5BA$0.69
Longview Gardens2 Bedroom2BR,1BA$0.71
1180 S Main St, Unit Apt 21180 S Main St1BR,1BA$0.78
Watkins Manor1 Bed, 1 bath1BR,1BA$0.61

Frequently Asked Questions about Shelby County

What type of rentals are currently available in Shelby County?

There are currently 1796 Apartments for Rent in Shelby County, TN with pricing that ranges from $350 to $7,985. There are also 1650 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shelby County ranging from $550 to $6,500.

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 $550 to $6,500 with an average monthly rent of $2,048.

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 $550 to $4,110, while Three Bedroom Homes, Condos, and Townhomes for rent range from $725 to $3,000. Four Bedroom Single-Family rentals are also available starting from $895 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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.