Cheap Homes for Rent in Kilowatt Lake Neighborhood of Memphis, TN from $500 (32 Rentals)

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

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Kilowatt Lake, Memphis, TN Local Guide

Cheapest Available Kilowatt Lake Apartments for Rent

 

The cheapest available apartment rental in the Kilowatt Lake 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 Kilowatt Lake apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
University Gardens Manor1x1 Classic1BR,1BA$659
Springdale Creek Apartments1 Bedroom1BR,1BA$728
2724 Chatsworth St2724 Chatsworth St2BR,1BA$875
Kings Reserve MemphisPeabodyStudio,1BA$900
Studio RasaEfficiencyStudio,1BA$925
3180 Crump Ave3180 Crump Ave2BR,1BA$995
The Galloway @ Evergreen -The Evergreen2BR,1BA$999
Art Lofts @ OvertonS3Studio,1BA$1,049

Best Value Apartments for Rent in Kilowatt Lake, TN

As of March 23, 2025 the best value apartment in the Kilowatt Lake area is the $1.56 price per square foot 4 Bed 2 Bath Model at Barksdale Flats in the in the East Memphis neighborhood starting from $2,500. The second greatest value Kilowatt Lake 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 Kilowatt Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Barksdale Flats4 Bed 2 Bath4BR,2BA$1.56
759 Olympic St759 Olympic St3BR,2BA$1.14
IrisTwo Bedroom, Two Bathroom2BR,2BA$1.65
696 N Hollywood St, Unit 1696 N Hollywood St2BR,1BA$1.10
1148 Decatur St, Unit 1148 DECATUR1148 Decatur St2BR,1BA$1.06
2724 Chatsworth St2724 Chatsworth St2BR,1BA$1.07
The Galloway @ Evergreen -The Evergreen2BR,1.5BA$1.25
University Gardens ManorGold Unit2BR,1BA$1.19
Courtyard @ Ironworksb2wd2BR,1BA$1.78
Springdale Creek Apartments1 Bedroom1BR,1BA$1.04

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Frequently Asked Questions about Kilowatt Lake

What type of rentals are currently available in Kilowatt Lake?

There are currently 107 Apartments for Rent in Kilowatt Lake, TN with pricing that ranges from $659 to $5,090. There are also 79 Single Family Homes for rent, Condos, and Townhome rentals currently available in Kilowatt Lake ranging from $595 to $3,000.

What is the current price range for Rental Homes in Kilowatt Lake?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Kilowatt Lake ranges from $595 to $3,000 with an average monthly rent of $1,420.

How much are larger Three and Four Bedroom Rentals in Kilowatt Lake?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Kilowatt Lake range from $940 to $1,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,050 and Four Bedroom Apartments start at $2,500.

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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What to Know About Fees and Fines When Renting

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When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.