Cheap Apartments for Rent in Memphis, NE from $800 (27 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Elkhorn Station
1 to 2 Bedroom Apartments

Elkhorn Station

2606 N Main StElkhorn, NE 68022

Memphis, NE Local Guide

Cheapest Available Memphis Apartments for Rent and Nearby

 

The cheapest available apartment rental in Memphis, NE is a 1 Bed unit found at Fifty575 Coventry in the Ballena neighborhood priced from $1,018. The Trails at North Streams in the Millard neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,055. Here is today’s list of the most affordable Memphis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fifty575 CoventryA1BR,1BA$1,018
The Trails at North StreamsStanding BearStudio,1BA$1,055
Andover Pointe Apartment HomesOne Bedroom One Bath1BR,1BA$1,059
Rock Creek ApartmentsOne Bedroom1BR,1BA$1,095
1010 on the LakeA1 Studio Floor Plan1BR,1BA$1,095
Broadmoor HillsJackson1BR,1BA$1,095
Trade Winds Apartment HomesOne Bedroom1BR,1BA$1,112
Northridge1 Bedroom, 1 Bathroom - 900 SF1BR,1BA$1,125
Avenue 204 at Royal ViewAlley - 1B1BR,1BA$1,170
The AbacusS1Studio,1BA$1,250

Best Value Apartments for Rent in Memphis, NE and Nearby

As of February 28, 2025 the best value apartment in the Memphis area is the $1.59 price per square foot AC Unit F - 3 I 2 Model at The Creek Apartments in the in the Ballena neighborhood starting from $1,995. The second greatest value Memphis apartment is the Dogwood Model at The Village on the Preserve starting at $1,675 with a $1.39 price per square foot in the Spring Ridge 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.
The Creek ApartmentsAC Unit F - 3 I 23BR,2BA$1.59
The Village on the PreserveDogwood2BR,2BA$1.39
Villas At The Pines2 Bedroom2BR,2BA$1.14
The Harbor at Valley ShoresLive Outside of the City at The Harbor at Valle...2BR,2BA$1.38
Dalmore ApartmentsNew York2BR,2BA$1.39
Northridge1 Bedroom, 1 Bathroom - 810 SF1BR,1BA$1.39
Andover Pointe Apartment HomesOne Bedroom One Bath1BR,1BA$1.36
Trade Winds Apartment HomesOne Bedroom1BR,1BA$1.40
Avenue 204 at Royal ViewAlley - 1B1BR,1BA$1.55
Rock Creek ApartmentsOne Bedroom1BR,1BA$1.50

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

Pet Friendly Lifestyle
Memphis, NE

Ranked #87

Among cities in Nebraska for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Memphis, NE Rentals by Map

View MapMemphis, NE Apartments MapView MapMemphis, NE Rental Homes Map

Getting Around Memphis, NE

Walk Score®

42 / 100

Car-Dependent

Most errands require a car

Bike Score®

36 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Memphis Apartments

What is the Cheapest Studio apartment in Memphis?

Currently the most affordable Cheap Studio Apartment in Memphis is at The Trails at North Streams listed at $1,055.

How much is rent for a Cheap One Bedroom Memphis Apartment?

The lowest price for a Cheap One Bedroom Memphis Apartment is $1,018 at Fifty575 Coventry.

What is the lowest price for a Cheap Two Bedroom Memphis Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Memphis is starting from $1,195 at Rock Creek Apartments.

What is the most affordable Memphis Three Bedroom Apartment?

The best deal on a cheap Memphis Three Bedroom Apartment rental is at Fifty575 Coventry and starts from $1,684.

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 What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.