
Cheap Apartments for Rent in the Hyde Park Neighborhood of Memphis, TN from $500 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Hyde Park area of Memphis.


Springdale Creek Apartments

The Gilmore

Parkway Place Apartments

528 East Dr

Kings Reserve Memphis

The Galloway @ Evergreen -

Art Lofts @ Overton

1931 Mignon Ave

696 N Hollywood St, Unit 1

Link Apartments® Broad Ave

2507 Staten Ave

1362 Springdale St

1898 Vollintine Ave

1736 Edward Ave
Hyde Park, Memphis, TN Local Guide

How much does it cost to rent an apartment in Hyde Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Hyde Park Studio Apartments | $1,199 | $738 | $2,549 |
Hyde Park 1 Bedroom Apartments | $1,535 | $659 | $3,597 |
Hyde Park 2 Bedroom Apartments | $1,972 | $709 | $4,327 |
Hyde Park 3 Bedroom Apartments | $1,652 | $940 | $2,699 |
Hyde Park 4 Bedroom Apartments | $4,310 | $4,310 | $4,310 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 1 mile radius of the Hyde Park Neighborhood of Memphis, TN.
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Hyde Park, Memphis, TN Local Guide
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Cheapest Available Hyde Park Apartments for Rent
 The cheapest available apartment rental in the Hyde Park area of Memphis, TN is a 1 Bed unit found at University Gardens Manor priced from $659. Springdale Creek Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $728. Here are the most affordable Hyde Park apartments for rent in Memphis, TN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
University Gardens Manor | 1x1 Classic | 1BR,1BA | $659 |
Springdale Creek Apartments | 1 Bedroom | 1BR,1BA | $728 |
Parkway Place Apartments | Studio | Studio,1BA | $850 |
Park Terrace | Studio | Studio,1BA | $850 |
Kings Reserve Memphis | Peabody | Studio,1BA | $900 |
Best Value Apartments for Rent in Hyde Park, TN
As of April 14, 2025 the best value apartment in the Hyde Park area is the $1.56 price per square foot 3 bedroom x bath with office Model at Barksdale Flats in the in the East Memphis neighborhood starting from $2,500. The second greatest value Hyde Park apartment is the 696 N Hollywood St Model at 696 N Hollywood St, Unit 1 starting at $1,000 with a $1.10 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for Hyde Park apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Barksdale Flats | 3 bedroom x bath with office | 3BR,2BA | $1.56 |
696 N Hollywood St, Unit 1 | 696 N Hollywood St | 2BR,1BA | $1.10 |
The Galloway @ Evergreen - | The Evergreen | 2BR,1.5BA | $1.25 |
University Gardens Manor | Gold Unit | 2BR,1BA | $1.19 |
Springdale Creek Apartments | 1 Bedroom | 1BR,1BA | $1.04 |
Parkway Place Apartments | Two Bedroom | 2BR,1BA | $1.56 |
The Citizen Apartments | A3 | 1BR,1BA | $2.46 |
At The Park Apartments | Dogwood | 1BR,1BA | $2.05 |
Park Terrace | Studio | Studio ,1BA | $1.79 |
Kings Reserve Memphis | Peabody | Studio ,1BA | $2.52 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleHyde Park, Memphis, TN
Ranked #50
Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Hyde Park Neighborhood in Memphis, TN
Walk Score®
45 / 100
Car-Dependent
Most errands require a car
Bike Score®
54 / 100
Bikeable
Some bike infrastructure
Transit Score®
32 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Hyde Park Apartments
What is a cheap apartment in Hyde Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Hyde Park is under $1,199.
What is the price of a cheap apartment in Hyde Park?
The cheapest apartment in Hyde Park is University Gardens Manor which is listed at $659, while the average apartment in Hyde Park costs $5,690.
What types of apartments are the cheapest in Hyde Park?
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 82 regular apartments in Hyde Park 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 Hyde Park?
Cheap apartments in Hyde Park have an average cost of $778 which is $4,912 cheaper than the average rent for all rentals in Hyde Park.
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.

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.

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.

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.

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.