Cheap Apartments for Rent in the East Memphis Neighborhood of Memphis, TN from $300 (153 Rentals)

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Cheap Apartments in the East Memphis area of Memphis.

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East Memphis, Memphis, TN Local Guide

Cheapest Available East Memphis Apartments for Rent

 

The cheapest available apartment rental in the East Memphis area of Memphis, TN is a 2 Beds unit found at Grainge Hill Apartments priced from $499. El Dorado has the second lowest priced unit, which is a 1 Bed apartment currently listed from $597. Here are the most affordable East Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Grainge Hill Apartments2 Bed / 1.5 Bath2BR,1BA$499
El Dorado1 Bedroom1BR,1BA$597
Coronado Manor1 bedroom1BR,1BA$649
Grahamwood Place1 bedroom 1 bathroom1BR,1BA$649
University Gardens Manor1x1 Classic1BR,1BA$659
University CrossingsBrister1BR,1BA$675
Village Square2036 #11BR,1BA$695
Villages at Harrison Creek- 50% off 1st monthThe Willows1BR,1BA$699
Springdale Creek Apartments1 Bedroom1BR,1BA$728
Oak Grove FlatsStudioStudio,1BA$745

Best Value Apartments for Rent in East Memphis, TN

As of May 06, 2025 the best value apartment in the East Memphis 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 East Memphis apartment is the 4 Bedroom 4 Bath Model at Student Lofts at Brister starting at $800 with a $0.43 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for East Memphis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3570 Spottswood AveStudent Housing Per Person5BR,5BA$0.38
Student Lofts at Brister4 Bedroom 4 Bath1BR,1BA$0.43
994 Philadelphia St, Unit 994994 Philadelphia St1BR,1BA$0.77
641 S Rembert St, Unit 641641 S Rembert St2BR,2BA$0.91
Deerfield Apartments2.22BR,2BA$0.97
Grahamwood Place1 bedroom 1 bathroom1BR,1BA$0.68
2291 Monroe Ave, Unit 2291 Monroe Ave.2291 Monroe Ave1BR,1BA$0.89
1101 S Rembert St, Unit 11011101 S Rembert St1BR,1BA$0.83
Abington2 Bed / 2 Bath – Spacious Townhome2BR,1.5BA$0.89
Grainge Hill Apartments2 Bed / 1.5 Bath2BR,1.5BA$0.64

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
East Memphis, Memphis, TN

Ranked #5

Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including East Memphis, Memphis, and the greater Memphis area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, transit availability, pet-friendly communities, apartment complexes for the kids, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap East Memphis Apartments

What is a cheap apartment in East Memphis?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in East Memphis is under $745.

What is the price of a cheap apartment in East Memphis?

The cheapest apartment in East Memphis is El Dorado which is listed at $597, while the average apartment in East Memphis costs $3,750.

What types of apartments are the cheapest in East Memphis?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 136 regular apartments in East Memphis that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in East Memphis?

Cheap apartments in East Memphis have an average cost of $696 which is $3,054 cheaper than the average rent for all rentals in East Memphis.

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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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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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.