Cheap Homes for Rent in North Memphis Neighborhood of Memphis, TN from $500 (60 Rentals)

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

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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 Place1BR 1B1BR,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 27, 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

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Frequently Asked Questions about North Memphis

What type of rentals are currently available in North Memphis?

There are currently 388 Apartments for Rent in North Memphis, TN with pricing that ranges from $525 to $7,970. There are also 156 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Memphis ranging from $595 to $3,400.

What is the current price range for Rental Homes in North Memphis?

Today's rental pricing for Homes for Rent, Condos and Townhomes in North Memphis ranges from $595 to $3,400 with an average monthly rent of $1,816.

How much are larger Three and Four Bedroom Rentals in North Memphis?

For those who are looking for larger living arrangements, Three Bedroom Apartments in North Memphis range from $940 to $3,140, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $3,275. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $3,650.

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.