Cheap Apartments for Rent in the Frayser Neighborhood of Memphis, TN from $300 (19 Rentals)

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

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Watkins Manor
1 Bedroom Apartments

Watkins Manor

2643 N Watkins StMemphis, TN 38127
  • Utilities Inc.
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Carriage House
1 to 3 Bedroom Apartments

Carriage House

1145 Frayser BlvdMemphis, TN 38127
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2238 Howell Ave
1 to 2 Bedroom Apartments

2238 Howell Ave

2238 Howell AveMemphis, TN 38108
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Love Tunica
2 Bedroom Apartments

Love Tunica

1188 Tunica StMemphis, TN 38108
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April Woods
2 to 3 Bedroom Apartments

April Woods

262 Chelsea AveMemphis, TN 38107
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2086 Hubert Ave
2 Bedroom Apartments

2086 Hubert Ave

2086 Hubert AveMemphis, TN 38108

Frayser, Memphis, TN Local Guide

Cheapest Available Frayser Apartments for Rent

 

The cheapest available apartment rental in the Frayser area of Memphis, TN is a 1 Bed unit found at University Gardens Manor priced from $659. Renaissance at Steele has the second lowest priced unit, which is a 1 Bed apartment currently listed from $660. Here are the most affordable Frayser apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
University Gardens Manor1x1 Classic1BR,1BA$659
Renaissance at Steele1 bedroom1BR,1BA$660
Helix at the DistrictE1BR,1BA$725
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$795
The Kendall2BR/1.0BA2BR,1BA$813

Best Value Apartments for Rent in Frayser, TN

As of March 12, 2025 the best value apartment in the Frayser area is the $0.84 price per square foot 2BR/2BA Model at Bickford Square Apartments in the in the Downtown Memphis neighborhood starting from $895. The second greatest value Frayser apartment is the 759 Olympic St Model at 759 Olympic St starting at $1,145 with a $1.14 price per square foot in the North Memphis neighborhood. Here is today’s list of the best values for Frayser apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bickford Square Apartments2BR/2BA2BR,2BA$0.84
759 Olympic St759 Olympic St3BR,2BA$1.14
1148 Decatur St, Unit 1148 DECATUR1148 Decatur St2BR,1BA$1.06
2724 Chatsworth St2724 Chatsworth St2BR,1BA$1.07
University Gardens ManorGold Unit2BR,1BA$1.19
Uptown Square Apartments2 Bedroom - Elvis Building2BR,1BA$1.45
The Kendall2BR/1.0BA2BR,1BA$1.22
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$1.22
Helix at the DistrictE1BR,1BA$1.38
Renaissance at Steele1 bedroom1BR,1.5BA$1.27

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Pet Friendly Lifestyle
Frayser, Memphis, TN

Ranked #80

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Frayser Neighborhood in Memphis, TN

Walk Score®

38 / 100

Car-Dependent

Most errands require a car

Bike Score®

40 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

26 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Frayser Apartments

What is the Cheapest Studio apartment in Frayser?

Currently the most affordable Cheap Studio Apartment in Frayser is at Kings Reserve Memphis listed at $900.

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

The lowest price for a Cheap One Bedroom Frayser Apartment is $659 at University Gardens Manor.

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

Today's best deal for a Cheap Two Bedroom Apartment in Frayser is starting from $709 at University Gardens Manor.

What is the most affordable Frayser Three Bedroom Apartment?

The best deal on a cheap Frayser Three Bedroom Apartment rental is at Renaissance at Steele and starts from $880.

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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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.

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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.