5717 Hartley St
LincolnNE68507
Cheap Homes for Rent in Memphis, NE from $700 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Memphis.
4541 Tranquility Dr
LincolnNE68504
6205 Ballard Ave
LincolnNE68507
4012 N 45th St Ct
LincolnNE68504
1955 Sawyer St
LincolnNE68505
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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Memphis, NE Local Guide
Sunset Ride by Tim Vrtiska is licensed under CC BY 2.0
How much does it cost to rent a home in Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Memphis 2 Bedroom Homes for Rent | $1,355 | $725 | $1,800 |
| Memphis 3 Bedroom Homes for Rent | $2,107 | $1,599 | $3,200 |
| Memphis 4 Bedroom Homes for Rent | $2,824 | $1,800 | $4,000 |
| Memphis 5 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
Browse Top Homes for Rent in Memphis
Explore Memphis
Memphis, NE Local Guide
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Cheapest Available Memphis Apartments for Rent and Nearby
The cheapest available apartment rental in Memphis, NE is a 1 Bed unit found at Willow Creek in the Millard neighborhood priced from $839. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Willow Creek | 1 Bed, 1 Bath A1 | 1BR,1BA | $839 |
| The Trails at North Streams | Standing Bear | Studio,1BA | $1,055 |
| Gretna Landing Apartments | Studio | Studio,1BA | $1,095 |
Best Value Apartments for Rent in Memphis, NE and Nearby
As of April 17, 2025 the best value apartment in the Memphis area is the $1.09 price per square foot Three Bedroom 325A Model at Stony Brook in the in the Millard neighborhood starting from $1,570. The second greatest value Memphis apartment is the Grayson Model at Legacy Flats starting at $1,825 with a $1.36 price per square foot in the Oakbrook Meadows Altech neighborhood. Here is today’s list of the best values for Memphis apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Stony Brook | Three Bedroom 325A | 3BR,2.5BA | $1.09 |
| Legacy Flats | Grayson | 2BR,2BA | $1.36 |
| Windsor Hills Phase I | 2BR/1.0BA | 2BR,1BA | $1.46 |
| Bellbrook Townhome Apartments | Premier Unit C | 2BR,2BA | $1.30 |
| Villas At The Pines | 2 Bedroom | 2BR,2BA | $1.14 |
| The Harbor at Valley Shores | Live Outside of the City at The Harbor at Valle... | 2BR,2BA | $1.38 |
| Lakeside Hills | The Geneva | 1BR,1BA | $1.34 |
| Trade Winds Apartment Homes | Two Bedroom | 2BR,2BA | $1.34 |
| The Village on the Preserve | Maple | 2BR,2BA | $1.40 |
| Willow Creek | 1 Bed, 1 Bath A1 | 1BR,1BA | $1.29 |
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Frequently Asked Questions about Memphis
What type of rentals are currently available in Memphis?
There are currently 39 Apartments for Rent in Memphis, NE with pricing that ranges from $839 to $3,550. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $725 to $4,000.
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 $725 to $4,000 with an average monthly rent of $1,974.
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 $1,803 to $3,250, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,599 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $3,550.
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.
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.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
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.
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.