Cheap Apartments for Rent in Memphis, NY from $500 (15 Rentals)

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

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Memphis, NY Local Guide

Cheapest Available Memphis Apartments for Rent and Nearby

 

The cheapest available apartment rental in Memphis, NY is a Studio unit found at Braeside Apartments priced from $999. Willow Stream Apartments South has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,055. Here is today’s list of the most affordable Memphis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Braeside ApartmentsStudioStudio,1BA$999
Willow Stream Apartments SouthSub-Level One Bedroom1BR,1BA$1,055
Wellington Manor Apartments1x1A1WM1BR,1BA$1,075
Longbranch Park Apartments1 Bedroom Upper Level1BR,1BA$1,225
Serenity Village1x1 Atrium1BR,1BA$1,300

Best Value Apartments for Rent in Memphis, NY and Nearby

As of April 14, 2025 the best value apartment in the Memphis area is the $1.71 price per square foot 2 Bed 2 Bath Model at 3410 Summers Gate Dr in the starting from $2,730. The second greatest value Memphis apartment is the 2 Bedroom 2 Bath Garage Model at Fobes Island Apartments starting at $2,375 with a $1.79 price per square foot . 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.
3410 Summers Gate Dr2 Bed 2 Bath2BR,2.5BA$1.71
Fobes Island Apartments2 Bedroom 2 Bath Garage2BR,2BA$1.79
Center Pointe at Radisson2 Bedroom2BR,2BA$1.39
Silverwood at the Radisson2 Bedroom2BR,2BA$1.27
Kings Gate WestOne Bedroom1BR,1BA$1.71
Wellington Manor Apartments1x1A1WM1BR,1BA$1.37
Willow Stream Apartments SouthUpper One Bedroom1BR,1BA$1.51
Grenadier Village ApartmentsKings-2x12BR,1BA$1.96
Timberlane Apartments2 Bed/1 Bath SqFt:7252BR,1BA$1.97
Serenity Village1x1 Atrium1BR,1BA$1.91

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Frequently Asked Questions about Cheap Memphis Apartments

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

The lowest price for a Cheap One Bedroom Memphis Apartment is $1,055 at Willow Stream Apartments South.

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 $1,240 at Willow Stream Apartments South.

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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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.

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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.

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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.

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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.