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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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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 | $1,195 | $1,195 | $1,195 |
| New Chicago 1 Bedroom Apartments | $1,215 | $775 | $1,675 |
| New Chicago 2 Bedroom Apartments | $1,213 | $750 | $2,150 |
| New Chicago 3 Bedroom Apartments | $1,952 | $1,145 | $2,980 |
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
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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 | Metropolitan One Bedroom | 1BR,1BA | $850 |
Best Value Apartments for Rent in New Chicago, TN
As of April 15, 2025 the best value apartment in the New Chicago area is the $1.07 price per square foot Spacious Model at 1468 Snowden Ave in the in the Midtown Memphis neighborhood starting from $1,800. The second greatest value New Chicago apartment is the 2 Bed/2 Bath Model at The Avalon starting at $1,250 with a $1.04 price per square foot in the Midtown 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 | $1.07 |
| The Avalon | 2 Bed/2 Bath | 2BR,2BA | $1.04 |
| Bickford Square Apartments | 2BR/2BA | 2BR,2BA | $0.84 |
| Urban Peddler | 2BR 1BA Renovated | 2BR,1BA | $1.23 |
| The Biltmore - McAlpin Apartments | Single 850 | 1BR,1BA | $1.26 |
| Belvedere Gardens Condominiums | 1x1 Bath - Furnished | 1BR,1BA | $1.53 |
| The Metropolitan and Greenlaw Place Apartments | Greenlaw 1 Bedroom Flat | 1BR,1BA | $1.16 |
| The Kendall | 2BR/1.0BA | 2BR,1BA | $1.22 |
| 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 #73
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
How much is rent for a Cheap One Bedroom New Chicago Apartment?
The lowest price for a Cheap One Bedroom New Chicago Apartment is $775 at Belvedere Gardens Condominiums.
What is the lowest price for a Cheap Two Bedroom New Chicago Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in New Chicago is starting from $795 at Greenlaw Apartments.
What is the most affordable New Chicago Three Bedroom Apartment?
The best deal on a cheap New Chicago Three Bedroom Apartment rental is at The Metropolitan and Greenlaw Place Apartments and starts from $1,150.
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.