Cheap Homes for Rent in Memphis, MI from $1,000 (9 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

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

Memphis, MI Local Guide

Cheapest Available Memphis Apartments for Rent and Nearby

 

The cheapest available apartment rental in Memphis, MI is a 1 Bed unit found at Hickory Square Apartments priced from $830. Anchor Bay Apartments in the New Baltimore neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Memphis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hickory Square ApartmentsA1BR,1BA$830
Anchor Bay Apartments1 Bedroom1BR,1BA$850
Golf Marina ApartmentsOne Bedroom1BR,1BA$850

Best Value Apartments for Rent in Memphis, MI and Nearby

As of March 25, 2025 the best value apartment in the Memphis area is the $1.27 price per square foot I & J Style Model at Casa Mia Apartments in the in the New Baltimore neighborhood starting from $1,625. The second greatest value Memphis apartment is the 2br 1bt 1000 sf Model at Oakview Square starting at $1,025 with a $1.03 price per square foot in the Sandstone at The Retreat neighborhood. Here is today’s list of the best values for Memphis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Casa Mia ApartmentsI & J Style2BR,2BA$1.27
Oakview Square2br 1bt 1000 sf2BR,1BA$1.03
Blackwood Apartments2 Bedroom 1 Bathroom with basement2BR,1BA$0.93
Stony on Van DykeTwo Bedroom2BR,1BA$1.26
Lighthouse EstatesLE2 - 2 Bed, 2 Bath2BR,2BA$1.15
Anchor Bay Apartments1 Bedroom1BR,1BA$0.89
LAKE VILLAGE APARTMENTS2 Bedroom 2 Bathroom2BR,2BA$1.18
Aspen Creek ApartmentsTwo Bedroom2BR,1.5BA$1.15
Hickory Square ApartmentsA1BR,1BA$1.14
Golf Marina ApartmentsOne Bedroom1BR,1BA$1.21

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Memphis

What type of rentals are currently available in Memphis?

There are currently 36 Apartments for Rent in Memphis, MI with pricing that ranges from $605 to $2,987. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $1,099 to $3,250.

What is the current price range for Rental Homes in Memphis?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Memphis ranges from $1,099 to $3,250 with an average monthly rent of $1,740.

How much are larger Three and Four Bedroom Rentals in Memphis?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Memphis range from $1,135 to $2,199, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,099 to $3,250. Four Bedroom Single-Family rentals are also available starting from $1,599 and Four Bedroom Apartments start at $1,619.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.