Cheap Homes for Rent in Overton Park East Neighborhood of Memphis, TN from $500 (52 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 2766 Union Ave

2766 Union Ave

MemphisTN38111
property at 24 N Cooper St

24 N Cooper St

MemphisTN38104

Overton Park East, Memphis, TN Local Guide

Cheapest Available Overton Park East Apartments for Rent

 

The cheapest available apartment rental in the Overton Park East area of Memphis, TN is a 1 Bed unit found at 165 N Merton 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 Overton Park East apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
165 N Merton1BR/1.0BA1BR,1BA$550
University Gardens Manor1x1 Classic1BR,1BA$659
Village Square2048 #21BR,1BA$695
Springdale Creek Apartments1 Bedroom1BR,1BA$728
The GilmoreSmall EfficiencyStudio,1BA$738
Idlewild Terrace1BR/1.0BA1BR,1BA$795
The MarieTwo Bed2BR,1BA$813
The JunctionThe Boxcar1BR,1BA$824
Audubon DownsOne Bedroom1BR,1BA$824

Best Value Apartments for Rent in Overton Park East, TN

As of March 25, 2025 the best value apartment in the Overton Park East area is the $0.43 price per square foot 4 Bedroom 4 Bath Model at Student Lofts at Brister in the in the East Memphis neighborhood starting from $800. The second greatest value Overton Park East apartment is the 2006 Felix Ave Model at 2006 Felix Ave, Unit 1 starting at $700 with a $0.40 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for Overton Park East apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Student Lofts at Brister4 Bedroom 4 Bath1BR,1BA$0.43
2006 Felix Ave, Unit 12006 Felix Ave1BR,1BA$0.40
994 Philadelphia St, Unit 994994 Philadelphia St1BR,1BA$0.77
The Avalon2 Bed/2 Bath2BR,2BA$1.04
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
The MarieTwo Bed2BR,1BA$0.92
Audubon DownsOne Bedroom1BR,1BA$0.98
Parkside Poplar Apartments1 Bedroom1BR,1BA$1.05
Idlewild Terrace1BR/1.0BA1BR,1BA$0.99
Springdale Creek Apartments1 Bedroom1BR,1BA$1.04

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Overton Park East

What type of rentals are currently available in Overton Park East?

There are currently 558 Apartments for Rent in Overton Park East, TN with pricing that ranges from $599 to $9,940. There are also 130 Single Family Homes for rent, Condos, and Townhome rentals currently available in Overton Park East ranging from $595 to $3,995.

What is the current price range for Rental Homes in Overton Park East?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Overton Park East ranges from $595 to $3,995 with an average monthly rent of $2,131.

How much are larger Three and Four Bedroom Rentals in Overton Park East?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Overton Park East range from $730 to $4,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $599.

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

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.