Cheap Homes for Rent in North Memphis Neighborhood of Memphis, TN from $400 (44 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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.

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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.

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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. Grahamwood Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $649. Here are the most affordable North Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
4015 Summer AveOne1BR,1BA$550
Grahamwood Place1 bedroom 1 bathroom1BR,1BA$649
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$725
Summer Oaks Apartments2 Beds, 1 bath2BR,1BA$750
Helix at the District1S1BR,1BA$750
Edison ParkOne Bedroom High-RiseStudio,1BA$765
Belvedere Gardens Condominiums1x1 Bath1BR,1BA$775

Best Value Apartments for Rent in North Memphis, TN

As of May 12, 2025 the best value apartment in the North Memphis 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 North Memphis apartment is the 1742 N Parkway Model at 1742 N Parkway, Unit 1742 starting at $1,349 with a $1.07 price per square foot in the East 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.
1468 Snowden AveSpacious2BR,1.5BA$0.89
1742 N Parkway, Unit 17421742 N Parkway3BR,1BA$1.07
Grahamwood Place3 bedroom 2 bathroom3BR,2BA$0.83
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
Springdale Creek Apartments1 Bedroom1BR,1BA$1.04
4015 Summer AveOne1BR,1BA$0.88

Quick Rent Budget Calculator

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Frequently Asked Questions about North Memphis

What type of rentals are currently available in North Memphis?

There are currently 381 Apartments for Rent in North Memphis, TN with pricing that ranges from $525 to $6,790. There are also 154 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Memphis ranging from $495 to $4,000.

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 $495 to $4,000 with an average monthly rent of $1,854.

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 $3,318, while Three Bedroom Homes, Condos, and Townhomes for rent range from $834 to $3,075. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $1,100.

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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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.

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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.

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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.

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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.