Cheap Apartments for Rent in the Northeast Memphis Neighborhood of Memphis, TN from $700 (100 Rentals)

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

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Coves at Yale
1 to 3 Bedroom Apartments

Coves at Yale

5022 Yale RdMemphis, TN 38128
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X - Gramercy Park
1 to 2 Bedroom Apartments

X - Gramercy Park

2163 Nathaniel Cir WMemphis, TN 38134
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The Embassy Apartments
Studio to 3 Bedroom Apartments

The Embassy Apartments

505 S Perkins RdMemphis, TN 38117
  • Utilities Included
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Covington Hills
1 to 3 Bedroom Apartments

Covington Hills

4800 Raleigh Lagrange RdMemphis, TN 38128
Showing Results 1-50, Page 1 of 2

Northeast Memphis, Memphis, TN Local Guide

Cheapest Available Northeast Memphis Apartments for Rent

 

The cheapest available apartment rental in the Northeast Memphis area of Memphis, TN is a Studio unit found at Oak Grove Flats priced from $745. The Meridian Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Northeast Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Oak Grove FlatsStudioStudio,1BA$745
The Meridian Apartments1 Bed 1 Bath1BR,1BA$750
Edgewater Apartments1BR/1BA1BR,1BA$799
Greenbrook at Shelby FarmsSycamore1BR,1BA$833
Summer Trace ApartmentsThe Bonelli2BR,1BA$835
Avery Park Apartments2X12BR,1BA$845
Covington Hills1 BR renovated1BR,1BA$850
Brentwood Apartments1x1 Classic1BR,1BA$850
Tanglewood1 Bedroom1BR,1BA$869
Meadows of Memphis Apartments1 Bedroom 1 Bathroom1BR,1BA$876

Best Value Apartments for Rent in Northeast Memphis, TN

As of April 10, 2025 the best value apartment in the Northeast Memphis area is the $0.87 price per square foot 2 Bed 2 Bath Model at Sunridge Townhomes in the in the Raleigh neighborhood starting from $1,395. The second greatest value Northeast Memphis apartment is the 3brTH 2.5ba Model at Village of Sycamore Ridge starting at $1,175 with a $0.73 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for Northeast Memphis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sunridge Townhomes2 Bed 2 Bath2BR,2BA$0.87
Village of Sycamore Ridge3brTH 2.5ba3BR,2.5BA$0.73
Ridgeway Commons TownhomesTwo bedroom x 1.5 Bath2BR,1.5BA$0.98
The Glen Townhomes2 BD2BR,1.5BA$1.02
Deerfield Apartments2.22BR,2BA$0.97
Summer Trace ApartmentsThe Bonelli2BR,1BA$1.04
Meadows of Memphis Apartments1 Bedroom 1 Bathroom1BR,1BA$1.10
The Meridian Apartments1 Bed 1 Bath1BR,1BA$0.94
Avery Park Apartments2X12BR,1BA$1.10
Edgewater Apartments1BR/1BA1BR,1BA$1.07

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Pet Friendly Lifestyle
Northeast Memphis, Memphis, TN

Ranked #6

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

This website compiles millions of data points to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Northeast Memphis, TN. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and easy access to the parks, features that make it easier to raise kids, raising pets, transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Northeast Memphis Apartments

What is the Cheapest Studio apartment in Northeast Memphis?

Currently the most affordable Cheap Studio Apartment in Northeast Memphis is at Oak Grove Flats listed at $745.

How much is rent for a Cheap One Bedroom Northeast Memphis Apartment?

The lowest price for a Cheap One Bedroom Northeast Memphis Apartment is $750 at The Meridian Apartments.

What is the lowest price for a Cheap Two Bedroom Northeast Memphis Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Northeast Memphis is starting from $835 at Summer Trace Apartments.

What is the most affordable Northeast Memphis Three Bedroom Apartment?

The best deal on a cheap Northeast Memphis Three Bedroom Apartment rental is at Summer Trace Apartments and starts from $1,010.

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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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.