
Cheap Homes for Rent in Hyde Park Neighborhood of Memphis, TN from $500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Hyde Park area of Memphis.


1362 Springdale St

1898 Vollintine Ave

1736 Edward Ave

2266 Alameda Ave

1154 Springdale St

929 Birch St
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 | $1,164 | $595 | $1,775 |
Hyde Park 3 Bedroom Homes for Rent | $1,616 | $825 | $2,240 |
Hyde Park 4 Bedroom Homes for Rent | $1,919 | $1,395 | $2,840 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 |
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 |
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Frequently Asked Questions about Hyde Park
What type of rentals are currently available in Hyde Park?
There are currently 47 Apartments for Rent in Hyde Park, TN with pricing that ranges from $659 to $5,690. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hyde Park ranging from $595 to $2,840.
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 $595 to $2,840 with an average monthly rent of $1,566.
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 $825 to $2,240. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $4,310.
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.