Cheap Homes for Rent in Shelby County, TN from $400 (747 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 3788 Bayliss Ave

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650
Total Monthly Price
$650

1 Bedroom, 1 Bath Home for Rent

Available Now

3788 Bayliss Ave

MemphisTN38122
property at 820 Maury St

$690

1 Bedroom Rentals

Available Now

820 Maury St

MemphisTN38107

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 6103 Yorkhill Dr

$725 - $925

Total Monthly Price

Total Monthly Price

Base Rent
$725 - $925
Total Monthly Price
$725 - $925

1 Bedroom, 1 Bath Home for Rent

Available Now

6103 Yorkhill Dr

BartlettTN38135

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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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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Cheapest Available Shelby County Apartments for Rent

 

The cheapest available apartment rental in Shelby County, TN is a Studio unit found at Emberly Apartments in the South 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
Emberly ApartmentsEFFStudio,1BA$547
165 N Merton1BR/1.0BA1BR,1BA$550
Longview Gardens2 Bedroom2BR,1BA$562
The Residences at LakeviewStudioStudio,1BA$581
195 Hawthrone1BR/1.0BA1BR,1BA$595
Tiger Estates1BR/1.0BA1BR,1BA$599
1111 N Parkway1 Beds, 1 Baths1BR,1BA$600
Longview Heights2 Bed / 1 Bath2BR,1BA$612
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$612
Emerald Park Apartments1 bedroom 1 bathroom1BR,1BA$625

Best Value Apartments for Rent in Shelby County, TN

As of August 17, 2026 the best value apartment in the Shelby County area is the $0.50 price per square foot 4 Beds, 2 Baths Model at 378 N HIGHLAND St in the in the East Memphis neighborhood starting from $1,500. The second greatest value Shelby County apartment is the 4 Bed, 3 Bath Model at Sunridge Townhomes starting at $1,545 with a $0.74 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$0.50
Sunridge Townhomes4 Bed, 3 Bath4BR,3BA$0.74
Student Lofts at Brister, Bldg 101Entire home 4 Bedrooms 4 Baths(SHARED HOUSING1BR,1BA$0.38
Emerald Pointe3 bedroom 2.5 bathroom3BR,2.5BA$0.70
Country ViewC23BR,1.5BA$0.62
FairwayTwo Bedroom Townhome w/Stairs2BR,1.5BA$0.67
Shadowbrook Townhomes2 Bedroom w/ Den2BR,1.5BA$0.69
Faronia Square2 bdr 1.5 ba Plan II2BR,1.5BA$0.76
1111 N Parkway1 Beds, 1 Baths1BR,1BA$0.75
Longview Gardens2 Bedroom2BR,1BA$0.71

Frequently Asked Questions about Shelby County

What type of rentals are currently available in Shelby County?

There are currently 1804 Apartments for Rent in Shelby County, TN with pricing that ranges from $525 to $7,985. There are also 1799 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shelby County ranging from $495 to $6,000.

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 $495 to $6,000 with an average monthly rent of $1,634.

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 $829 to $4,074, while Three Bedroom Homes, Condos, and Townhomes for rent range from $725 to $3,900. Four Bedroom Single-Family rentals are also available starting from $895 and Four Bedroom Apartments start at $550.

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 Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.