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Cheap Apartments for Rent in the New Chicago Neighborhood of Memphis, TN from $300 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the New Chicago area of Memphis.
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
850 N DUNLAP St
MemphisTN38107
838 LEON Pl
MemphisTN38107
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.
907 PEARCE St
MemphisTN38107
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New Chicago, Memphis, TN Local Guide
How much does it cost to rent an apartment in New Chicago?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Chicago Studio Apartments | $1,000 | $850 | $1,200 |
| New Chicago 1 Bedroom Apartments | $1,172 | $775 | $1,675 |
| New Chicago 2 Bedroom Apartments | $1,268 | $750 | $2,150 |
| New Chicago 3 Bedroom Apartments | $1,863 | $995 | $2,450 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the New Chicago Neighborhood of Memphis, TN.
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New Chicago, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
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Cheapest Available New Chicago Apartments for Rent
The cheapest available apartment rental in the New Chicago area of Memphis, TN is a 1 Bed unit found at Belvedere Gardens Condominiums priced from $775. Greenlaw Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $795. Here are the most affordable New Chicago apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Belvedere Gardens Condominiums | 1x1 Bath | 1BR,1BA | $775 |
| Greenlaw Apartments | 2 bedroom x 1 bath | 2BR,1BA | $795 |
| The Metropolitan and Greenlaw Place Apartments | Greenlaw 1 Bedroom Flat | 1BR,1BA | $850 |
Best Value Apartments for Rent in New Chicago, TN
As of May 09, 2025 the best value apartment in the New Chicago area is the $0.89 price per square foot Spacious Model at 1468 Snowden Ave in the in the Midtown Memphis neighborhood starting from $1,500. The second greatest value New Chicago apartment is the 2BR/2BA Model at Bickford Square Apartments starting at $895 with a $0.84 price per square foot in the Downtown Memphis neighborhood. Here is today’s list of the best values for New Chicago apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1468 Snowden Ave | Spacious | 2BR,1.5BA | $0.89 |
| Bickford Square Apartments | 2BR/2BA | 2BR,2BA | $0.84 |
| 628 Madison Ave | 2 bd / 2 ba | 2BR,2BA | $1.35 |
| Urban Peddler | 2BR 1BA Renovated | 2BR,1BA | $1.23 |
| Overton Garden Apartments | 2151 Poplar Ave | 2BR,2BA | $1.15 |
| The Biltmore - McAlpin Apartments | Single 850 | 1BR,1BA | $1.26 |
| Museum Lofts | The Delta | 1BR,1BA | $1.44 |
| The Metropolitan and Greenlaw Place Apartments | Greenlaw 1 Bedroom Flat | 1BR,1BA | $1.16 |
| Greenlaw Apartments | 2 bedroom x 1 bath | 2BR,1BA | $1.22 |
| Crescendo Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.39 |
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Pet Friendly LifestyleNew Chicago, Memphis, TN
Ranked #82
Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap New Chicago Apartments
What is the price of a cheap apartment in New Chicago?
The cheapest apartment in New Chicago is Belvedere Gardens Condominiums which is listed at $775, while the average apartment in New Chicago costs $2,113.
What types of apartments are the cheapest in New Chicago?
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 15 regular apartments in New Chicago 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 New Chicago?
Cheap apartments in New Chicago have an average cost of $1,005 which is $1,108 cheaper than the average rent for all rentals in New Chicago.
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.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.