Cheap Homes for Rent in East Memphis Neighborhood of Memphis, TN from $500 (84 Rentals)

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

property at 4455 Macon Rd

4455 Macon Rd

MemphisTN38122

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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property at 2766 Union Ave

2766 Union Ave

MemphisTN38111
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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. 165 N Merton has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. 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
165 N Merton1BR/1.0BA1BR,1BA$550
El Dorado1 Bedroom1BR,1BA$592
University Gardens Manor1x1 Classic1BR,1BA$659
University CrossingsBrister1BR,1BA$675
Coronado Manor1 bedroom1BR,1BA$699
Villages at Harrison Creek- 50% off 1st monthThe Willows1BR,1BA$699
Village Square2048 #21BR,1BA$725
Springdale Creek Apartments1 Bedroom1BR,1BA$728
Oak Grove FlatsStudioStudio,1BA$745

Best Value Apartments for Rent in East Memphis, TN

As of April 19, 2025 the best value apartment in the East Memphis area is the $0.43 price per square foot 4 Bedroom 4 Bath Model at Student Lofts at Brister in the in the East Memphis neighborhood starting from $800. The second greatest value East Memphis apartment is the 2/1.5 Model at Woodtrail Apartment starting at $1,025 with a $1.03 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.
Student Lofts at Brister4 Bedroom 4 Bath1BR,1BA$0.43
Woodtrail Apartment2/1.52BR,1.5BA$1.03
1101 S Rembert St, Unit 11011101 S Rembert St1BR,1BA$0.90
Abington2 Bed / 2 Bath – Spacious Townhome2BR,1.5BA$0.89
The MarieTwo Bed2BR,1BA$0.92
Audubon DownsOne Bedroom1BR,1BA$1.01
Grainge Hill Apartments2 Bed / 1.5 Bath2BR,1.5BA$0.64
Springdale Creek Apartments1 Bedroom1BR,1BA$1.04
University CrossingsBrister1BR,1BA$1.04
El Dorado1 Bedroom1BR,1BA$1.03

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Frequently Asked Questions about East Memphis

What type of rentals are currently available in East Memphis?

There are currently 635 Apartments for Rent in East Memphis, TN with pricing that ranges from $499 to $8,170. There are also 374 Single Family Homes for rent, Condos, and Townhome rentals currently available in East Memphis ranging from $525 to $15,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in East Memphis ranges from $525 to $15,000 with an average monthly rent of $1,899.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in East Memphis range from $730 to $4,510, while Three Bedroom Homes, Condos, and Townhomes for rent range from $825 to $15,000. Four Bedroom Single-Family rentals are also available starting from $850 and Four Bedroom Apartments start at $599.

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.

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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.

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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.