Cheap Apartments for Rent in the North Memphis Neighborhood of Memphis, TN from $300 (79 Rentals)

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Search the lowest-cost Apartments available for rent right now in the North Memphis area of Memphis.

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411 Tillman St
2 Bedroom Apartments

411 Tillman St

411 Tillman StMemphis, TN 38112
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Rehab/QCT
1 to 2 Bedroom Apartments

Rehab/QCT

3250 Guernsey AveMemphis, TN 38112
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Love Tunica
2 Bedroom Apartments

Love Tunica

1188 Tunica StMemphis, TN 38108
  • Utilities Included
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3335 Henry Ave
2 Bedroom Apartments

3335 Henry Ave

3335 Henry AveMemphis, TN 38122
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2238 Howell Ave
1 to 2 Bedroom Apartments

2238 Howell Ave

2238 Howell AveMemphis, TN 38108
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230 Cochran St
2 Bedroom Apartments

230 Cochran St

230 Cochran StMemphis, TN 38105
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Peach Apartments
1 Bedroom Apartments

Peach Apartments

1330 Peach AveMemphis, TN 38104
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4015 Summer Ave
1 to 2 Bedroom Apartments

4015 Summer Ave

4015 Summer AveMemphis, TN 38122
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Showing Results 1-50, Page 1 of 2

North Memphis, Memphis, TN Local Guide

Cheapest Available North Memphis Apartments for Rent

 

The cheapest available apartment rental in the North Memphis area of Memphis, TN is a 1 Bed unit found at 4015 Summer Ave priced from $550. University Gardens Manor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $659. Here are the most affordable North Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
4015 Summer AveOne1BR,1BA$550
University Gardens Manor1x1 Classic1BR,1BA$659
Villages at Harrison Creek- 50% off 1st monthThe Willows1BR,1BA$699
Overton PlaceStudioStudio,1BA$725
Springdale Creek Apartments1 Bedroom1BR,1BA$728
Indigo RiverviewEmoryStudio,1BA$742
Summer Oaks Apartments2 Beds, 1 bath2BR,1BA$750
Helix at the District1S1BR,1BA$750
Edison ParkOne Bedroom High-RiseStudio,1BA$765
The Drew @ Medical DistrictOne Bed1BR,1BA$790

Best Value Apartments for Rent in North Memphis, TN

As of March 28, 2025 the best value apartment in the North Memphis area is the $1.04 price per square foot 2 Bed/2 Bath Model at The Avalon in the in the Midtown Memphis neighborhood starting from $1,250. The second greatest value North Memphis apartment is the 2 Bed 1.5 Bath Model at Stonewall Apartments starting at $895 with a $0.81 price per square foot in the Midtown Memphis neighborhood. Here is today’s list of the best values for North Memphis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Avalon2 Bed/2 Bath2BR,2BA$1.04
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
Bickford Square Apartments2BR/2BA2BR,2BA$0.84
High Point Apartments2B2BR,1BA$1.10
Summer Oaks Apartments2 Beds, 1 bath2BR,1BA$0.81
696 N Hollywood St, Unit 1696 N Hollywood St2BR,1BA$1.10
1148 Decatur St, Unit 1148 DECATUR1148 Decatur St2BR,1BA$1.06
Parkside Poplar Apartments1 Bedroom1BR,1BA$1.05
Springdale Creek Apartments1 Bedroom1BR,1BA$1.04
4015 Summer AveOne1BR,1BA$0.88

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
North Memphis, Memphis, TN

Ranked #9

Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States including North Memphis, Memphis, and the greater Memphis area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, pet-friendly features, places that make kids happy, proximity to transit, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap North Memphis Apartments

What is a cheap apartment in North Memphis?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Memphis is under $790.

What is the price of a cheap apartment in North Memphis?

The cheapest apartment in North Memphis is 4015 Summer Ave which is listed at $550, while the average apartment in North Memphis costs $6,420.

What types of apartments are the cheapest in North Memphis?

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 143 regular apartments in North Memphis 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 North Memphis?

Cheap apartments in North Memphis have an average cost of $486 which is $5,934 cheaper than the average rent for all rentals in North Memphis.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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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.

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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.