Cheap Apartments for Rent in the Greenbelt Park Lagoon Neighborhood of Memphis, TN from $600 (17 Rentals)

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

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April Woods
2 to 3 Bedroom Apartments

April Woods

262 Chelsea AveMemphis, TN 38107
  • Utilities Included

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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Looney Apartments
2 Bedroom Apartments

Looney Apartments

693 Looney AveMemphis, TN 38107
  • Smoke Free
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Burkle and Main
2 to 4 Bedroom Apartments

Burkle and Main

812 N Main StMemphis, TN 38107
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Greenbelt Park Lagoon, Memphis, TN Local Guide

Cheapest Available Greenbelt Park Lagoon Apartments for Rent

 

The cheapest available apartment rental in the Greenbelt Park Lagoon area of Memphis, TN is a 2 Beds unit found at Greenlaw Apartments priced from $795. The Metropolitan and Greenlaw Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Greenbelt Park Lagoon apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$795
The Metropolitan and Greenlaw Place ApartmentsGreenlaw 1 Bedroom Townhouse1BR,1BA$850
Bickford Square Apartments2BR/2BA2BR,2BA$895
Uptown Square Apartments1 Bedroom - Urban1BR,1BA$930
Bonsai at Central GardensStudio- without Washer/DryerStudio,1BA$949

Best Value Apartments for Rent in Greenbelt Park Lagoon, TN

As of April 25, 2025 the best value apartment in the Greenbelt Park Lagoon area is the $1.40 price per square foot B1 (2x2 Island Park) Model at Island Park/Harbor Town Square in the in the Downtown Memphis neighborhood starting from $1,554. The second greatest value Greenbelt Park Lagoon 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 Greenbelt Park Lagoon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Island Park/Harbor Town SquareB1 (2x2 Island Park)2BR,2BA$1.40
Court Square Apartments2 BR2BR,2BA$1.47
Bickford Square Apartments2BR/2BA2BR,2BA$0.84
Belle Harbour ApartmentsA41BR,1BA$1.89
Harbor Island ApartmentsOne Bedroom1BR,1BA$1.66
The Estates at River PointeA21BR,1BA$1.81
Riverset ApartmentsA4 - Willow1BR,1BA$1.56
The Metropolitan and Greenlaw Place ApartmentsGreenlaw 1 Bedroom Flat1BR,1BA$1.16
Uptown Square Apartments2 Bedroom - Elvis Building2BR,1BA$1.45
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$1.22

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Pet Friendly Lifestyle
Greenbelt Park Lagoon, Memphis, TN

Ranked #37

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Lifestyle Ratings

Our team compares millions of points of data to bring you Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Tennessee, including Memphis. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, pet-friendly features, apartment communities for the kids, proximity to transit, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Greenbelt Park Lagoon Apartments

What is a cheap apartment in Greenbelt Park Lagoon?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Greenbelt Park Lagoon is under $1,220.

What is the price of a cheap apartment in Greenbelt Park Lagoon?

The cheapest apartment in Greenbelt Park Lagoon is The Metropolitan and Greenlaw Place Apartments which is listed at $850, while the average apartment in Greenbelt Park Lagoon costs $2,122.

What types of apartments are the cheapest in Greenbelt Park Lagoon?

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 116 regular apartments in Greenbelt Park Lagoon 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 Greenbelt Park Lagoon?

Cheap apartments in Greenbelt Park Lagoon have an average cost of $876 which is $1,246 cheaper than the average rent for all rentals in Greenbelt Park Lagoon.

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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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.