Cheap Apartments for Rent in the Frayser Neighborhood of Memphis, TN from $300 (28 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Watkins Manor
1 Bedroom Apartments

Watkins Manor

2643 N Watkins StMemphis, TN 38127
  • Utilities Included
close
View Me
Carriage House
1 to 3 Bedroom Apartments

Carriage House

1145 Frayser BlvdMemphis, TN 38127
  • Utilities Included
close
View Me
2238 Howell Ave
1 to 2 Bedroom Apartments

2238 Howell Ave

2238 Howell AveMemphis, TN 38108
close
View Me
Love Tunica
2 Bedroom Apartments

Love Tunica

1188 Tunica StMemphis, TN 38108
  • Utilities Included
close
View Me
April Woods
2 to 3 Bedroom Apartments

April Woods

262 Chelsea AveMemphis, TN 38107
  • Utilities Included
close
View Me
2086 Hubert Ave
2 Bedroom Apartments

2086 Hubert Ave

2086 Hubert AveMemphis, TN 38108
close
View Me
The Kendall
2 Bedroom Apartments

The Kendall

1018 N 7th StMemphis, TN 38107
close
View Me
Looney Apartments
2 Bedroom Apartments

Looney Apartments

693 Looney AveMemphis, TN 38107
  • Smoke Free

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
Indigo RiverviewEmoryStudio,1BA$716
Helix at the District1S1BR,1BA$750
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$795
The Kendall2BR/1.0BA2BR,1BA$813
The Metropolitan and Greenlaw Place ApartmentsMetropolitan One Bedroom1BR,1BA$850
Bickford Square Apartments2BR/2BA2BR,2BA$895
Kings Reserve MemphisPeabodyStudio,1BA$900
Studio RasaEfficiencyStudio,1BA$925

Best Value Apartments for Rent in Frayser, TN

As of April 12, 2025 the best value apartment in the Frayser area is the $1.46 price per square foot P Model at Helix at the District in the in the Downtown Memphis neighborhood starting from $2,045. The second greatest value Frayser apartment is the 2 BR Model at Court Square Apartments starting at $1,599 with a $1.47 price per square foot in the Downtown 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.
Helix at the DistrictP3BR,2BA$1.46
Court Square Apartments2 BR2BR,2BA$1.47
Bickford Square Apartments2BR/2BA2BR,2BA$0.84
Woodglen VillageTwo Bedroom One Bathroom2BR,1BA$1.09
University Gardens ManorGold Unit2BR,1BA$1.19
The Metropolitan and Greenlaw Place ApartmentsGreenlaw 1 Bedroom Flat1BR,1BA$1.16
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
Renaissance at Steele1 bedroom1BR,1.5BA$1.27

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Frayser, Memphis, TN

Ranked #70

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

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 a cheap apartment in Frayser?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Frayser is under $925.

What is the price of a cheap apartment in Frayser?

The cheapest apartment in Frayser is University Gardens Manor which is listed at $659, while the average apartment in Frayser costs $1,555.

What types of apartments are the cheapest in Frayser?

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 92 regular apartments in Frayser 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 Frayser?

Cheap apartments in Frayser have an average cost of $556 which is $999 cheaper than the average rent for all rentals in Frayser.

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

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.