Cheap Apartments for Rent in the University District Memphis, TN from $300 (19 Rentals)

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Search the lowest-cost Apartments available for rent right now in the University District 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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Campus View
1 to 2 Bedroom Apartments

Campus View

3606 Walker AveMemphis, TN 38111
  • Utilities Included
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Serenity at Highland
Studio to 1 Bedroom Apartments

Serenity at Highland

400 S Highland StMemphis, TN 38111
Senior Living
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Eastern Heights
1 to 3 Bedroom Apartments

Eastern Heights

281 Johnson Cir WMemphis, TN 38112
Showing Results 1-19, Page 1 of 1

University District, Memphis, TN Local Guide

Cheapest Available University District Apartments for Rent

 

The cheapest available apartment rental in the University District area of Memphis, TN is a 2 Beds unit found at The Marie priced from $813. Tillman Cove has the second lowest priced unit, which is a 1 Bed apartment currently listed from $839. Here are the most affordable University District apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
The MarieTwo Bed2BR,1BA$813
Tillman Cove1 Bedroom 1 Bathroom1BR,1BA$839
Tiger EstatesEntire Home 4 bedroom/4bath1BR,1BA$850
The Landing on the Strip1 Bed 1 Bath1BR,1BA$895
Yugo Memphis Southern2 Bed, 2 Bath Classic2BR,2BA$899

Best Value Apartments for Rent in University District, TN

As of March 27, 2025 the best value apartment in the University District area is the $1.35 price per square foot Kiwi - 2x1 Model at Kiwi and Goji Apartments in the in the East Memphis neighborhood starting from $1,486. The second greatest value University District apartment is the Kiwi - 2x1 Model at Kiwi & Goji starting at $1,486 with a $1.35 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for University District apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Kiwi and Goji ApartmentsKiwi - 2x12BR,1BA$1.35
Kiwi & GojiKiwi - 2x12BR,1BA$1.35
Georgian Woods2x12BR,1BA$1.15
The MarieTwo Bed2BR,1BA$0.92
Yugo Memphis SouthernStudioStudio ,1BA$1.39
Nine At Memphis2Bed / 2Bath A2BR,2BA$1.11
The Tower at Kent1 Bedroom / 1 Bathroom Platinum1BR,1BA$1.55
Southern GroveOne Bedroom1BR,1BA$1.85
Tillman Cove1 Bedroom 1 Bathroom1BR,1BA$1.52
The Landing on the Strip1 Bed 1 Bath1BR,1BA$1.63

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Pet Friendly Lifestyle
University District, Memphis, TN

Ranked #60

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap University District Apartments

What is a cheap apartment in University District?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University District is under $1,150.

What is the price of a cheap apartment in University District?

The cheapest apartment in University District is Tillman Cove which is listed at $839, while the average apartment in University District costs $9,910.

What types of apartments are the cheapest in University District?

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 2,765 regular apartments in University District 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 University District?

Cheap apartments in University District have an average cost of $1,287 which is $8,623 cheaper than the average rent for all rentals in University District.

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.