
Cheap Homes for Rent in Hyde Park Neighborhood of Memphis, TN from $400 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Hyde Park area of Memphis.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
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2507 Staten Ave
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1983 Hubert Ave
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
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2173 Albany Ave

1742 Brown Ave
Hyde Park, Memphis, TN Local Guide

How much does it cost to rent a home in Hyde Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Hyde Park 2 Bedroom Homes for Rent | $1,086 | $595 | $1,750 |
Hyde Park 3 Bedroom Homes for Rent | $1,549 | $950 | $2,100 |
Hyde Park 4 Bedroom Homes for Rent | $1,732 | $1,300 | $2,700 |
Hyde Park 5 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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 $725. 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 | $725 |
Parkway Place Apartments | Studio | Studio,1BA | $850 |
Best Value Apartments for Rent in Hyde Park, TN
As of May 10, 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 1742 N Parkway Model at 1742 N Parkway, Unit 1742 starting at $1,349 with a $1.07 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 |
1742 N Parkway, Unit 1742 | 1742 N Parkway | 3BR,1BA | $1.07 |
696 N Hollywood St, Unit 1 | 696 N Hollywood St | 2BR,1BA | $1.10 |
The Galloway @ Evergreen - | The Evergreen | 2BR,1.5BA | $1.56 |
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 | S1 | Studio ,1BA | $2.64 |
Park Terrace | Studio | Studio ,1BA | $1.79 |
Kings Reserve Memphis | Peabody | Studio ,1BA | $2.52 |
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.
Frequently Asked Questions about Hyde Park
What type of rentals are currently available in Hyde Park?
There are currently 44 Apartments for Rent in Hyde Park, TN with pricing that ranges from $659 to $4,477. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hyde Park ranging from $495 to $3,500.
What is the current price range for Rental Homes in Hyde Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Hyde Park ranges from $495 to $3,500 with an average monthly rent of $1,722.
How much are larger Three and Four Bedroom Rentals in Hyde Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Hyde Park range from $940 to $2,699, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $2,100. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $1,100.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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