Cheap Homes for Rent in Walnut Grove Neighborhood of Memphis, TN from $600 (34 Rentals)

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

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Walnut Grove, Memphis, TN Local Guide

Cheapest Available Walnut Grove Apartments for Rent

 

The cheapest available apartment rental in the Walnut Grove area of Memphis, TN is a Studio unit found at The Residences at Lakeview priced from $581. Oak Grove Flats has the second lowest priced unit, which is a Studio apartment currently listed from $745. Here are the most affordable Walnut Grove apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
The Residences at LakeviewStudioStudio,1BA$581
Oak Grove FlatsStudioStudio,1BA$745
Camelot Manor1 Bed, 1 bath1BR,1BA$749
The Trails at Mt. Moriah1 bed 1 bath H1BR,1BA$775
The Brooklyn1 Bedroom-Classic1BR,1BA$850
Tranquility at Hickory Hill Senior ApartmentsStudioStudio,1BA$850
Hickory PointeOne Bedroom1BR,1BA$850
Courtyard @ Waring Park2X1 (900)2BR,1BA$895
Hickory Grove1 Bedroom, 1 Bathroom1BR,1BA$905
Crossings at Fox Meadows1 Bedroom, 1 Bathroom1BR,1BA$920

Best Value Apartments for Rent in Walnut Grove, TN

As of April 18, 2025 the best value apartment in the Walnut Grove area is the $0.98 price per square foot Two bedroom x 1.5 Bath Model at Ridgeway Commons Townhomes in the in the Germantown neighborhood starting from $1,275. The second greatest value Walnut Grove apartment is the Lennox Model at Poplar Place Townhomes starting at $1,275 with a $0.99 price per square foot in the Germantown neighborhood. Here is today’s list of the best values for Walnut Grove apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ridgeway Commons TownhomesTwo bedroom x 1.5 Bath2BR,1.5BA$0.98
Poplar Place TownhomesLennox2BR,1.5BA$0.99
Macon Manor2 Bedroom 1 Bathroom2BR,1BA$1.15
The SummereastB22BR,1.5BA$1.22
Crossings at Fox Meadows1 Bedroom, 1 Bathroom1BR,1BA$1.10
Mendenhall Gardens1A1BR,1BA$1.25
Oak Grove Flats1BR1BR,1BA$1.16
Courtyard @ Waring Park2x1 (700)2BR,1BA$1.11
Camelot Manor1 Bed, 1 bath1BR,1BA$1.15
The Trails at Mt. Moriah1 bed 1 bath D1BR,1BA$1.26

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Frequently Asked Questions about Walnut Grove

What type of rentals are currently available in Walnut Grove?

There are currently 113 Apartments for Rent in Walnut Grove, TN with pricing that ranges from $581 to $7,030. There are also 224 Single Family Homes for rent, Condos, and Townhome rentals currently available in Walnut Grove ranging from $650 to $6,995.

What is the current price range for Rental Homes in Walnut Grove?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Walnut Grove ranges from $650 to $6,995 with an average monthly rent of $1,912.

How much are larger Three and Four Bedroom Rentals in Walnut Grove?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Walnut Grove range from $815 to $6,085, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,595 and Four Bedroom Apartments start at $1,550.

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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.