Cheap Homes for Rent in Frayser Neighborhood of Memphis, TN from $500 (17 Rentals)

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

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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 Renaissance at Steele priced from $660. University Gardens Manor has the second lowest priced unit, which is a 2 Beds apartment currently listed from $709. Here are the most affordable Frayser apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Renaissance at Steele1 bedroom1BR,1BA$660
University Gardens Manor2x1 Classic2BR,1BA$709
Helix at the District1S1BR,1BA$750
Indigo RiverviewEmoryStudio,1BA$751
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$795

Best Value Apartments for Rent in Frayser, TN

As of April 04, 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
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

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Frequently Asked Questions about Frayser

What type of rentals are currently available in Frayser?

There are currently 117 Apartments for Rent in Frayser, TN with pricing that ranges from $659 to $3,067. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in Frayser ranging from $595 to $2,240.

What is the current price range for Rental Homes in Frayser?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Frayser ranges from $595 to $2,240 with an average monthly rent of $1,137.

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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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.