Cheap Homes for Rent in Shelby County, TN from $500 (480 Rentals)

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

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 El Dorado in the East Memphis neighborhood priced from $545. 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
El Dorado1 Bedroom1BR,1BA$545
4015 Summer AveOne1BR,1BA$550
165 N Merton1BR/1.0BA1BR,1BA$550
New Horizon - KingsgateEffStudio,1BA$577
The Residences at LakeviewStudioStudio,1BA$581
Longview Heights2 Bed / 1 Bath2BR,1BA$591
Shady Oaks1 Bed, 1 bath1BR,1BA$595
Emerald Ridge1 bedroom 1 bathroom1BR,1BA$599
Longview Gardens2 Bedroom2BR,1BA$613
Elite Living ResidenceStudioStudio,1BA$650

Best Value Apartments for Rent in Shelby County, TN

As of June 20, 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 4 Bedroom 2 Bathroom Model at Tillman Cove starting at $1,511 with a $0.79 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
Tillman Cove4 Bedroom 2 Bathroom4BR,2BA$0.79
Student Lofts at BristerEntire home 4 Bedrooms 4 Baths1BR,1BA$0.43
Emerald Square4 bedroom 2.5 bathroom4BR,2.5BA$0.75
Emerald Pointe3 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$0.69
Shady Oaks1 Bed, 1 bath1BR,1BA$0.66
Longview Heights2 Bed / 1 Bath2BR,1BA$0.75
Longview Gardens2 Bedroom2BR,1BA$0.78

Frequently Asked Questions about Shelby County

What type of rentals are currently available in Shelby County?

There are currently 1708 Apartments for Rent in Shelby County, TN with pricing that ranges from $525 to $16,550. There are also 1589 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shelby County ranging from $550 to $10,000.

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 $550 to $10,000 with an average monthly rent of $1,945.

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 $699 to $7,548, while Three Bedroom Homes, Condos, and Townhomes for rent range from $795 to $10,000. Four Bedroom Single-Family rentals are also available starting from $975 and Four Bedroom Apartments start at $549.

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.

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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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.