Cheap Apartments for Rent in the Yale Yards Neighborhood of Memphis, TN from $400 (14 Rentals)

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

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Crane Manor Apartments
1 to 2 Bedroom Apartments

Crane Manor Apartments

2295 Candlewyck CirMemphis, TN 38114
  • Utilities Included
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Yale Yards, Memphis, TN Local Guide

Cheapest Available Yale Yards Apartments for Rent

 

The cheapest available apartment rental in the Yale Yards area of Memphis, TN is a 2 Beds unit found at Grainge Hill Apartments priced from $450. New Horizon - Kingsgate has the second lowest priced unit, which is a Studio apartment currently listed from $577. Here are the most affordable Yale Yards apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Grainge Hill Apartments2 Bed / 1.5 Bath2BR,1BA$450
New Horizon - KingsgateEffStudio,1BA$577
El Dorado1 Bedroom1BR,1BA$602
Longview Gardens2 Bedroom2BR,1BA$617
Longview Heights2 Bed / 1 Bath2BR,1BA$629

Best Value Apartments for Rent in Yale Yards, TN

As of March 28, 2025 the best value apartment in the Yale Yards area is the $0.84 price per square foot 2 Bedroom 1 Bathroom Model at Creekside Meadows in the in the South Memphis neighborhood starting from $730. The second greatest value Yale Yards apartment is the 2 Bed / 1 Bath Model at Longview Heights starting at $629 with a $0.80 price per square foot in the South Memphis neighborhood. Here is today’s list of the best values for Yale Yards apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Creekside Meadows2 Bedroom 1 Bathroom2BR,1BA$0.84
Longview Heights2 Bed / 1 Bath2BR,1BA$0.80
Longview Gardens2 Bedroom2BR,1BA$0.78
Grainge Hill Apartments2 Bed / 1.5 Bath2BR,1.5BA$0.57
Bridgeport Manor2 Beds, 1 bath2BR,1BA$1.04
Sunrise Terrace Apartments1 Bedroom1BR,1BA$0.99
Manor Park Apartments1 Bed / 1 Bath1BR,1BA$1.12
El Dorado1 Bedroom1BR,1BA$1.05
Coronado Manor1 bedroom1BR,1BA$1.16
Central GardensOne Bedroom One Bath Elevator1BR,1BA$1.48

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Pet Friendly Lifestyle
Yale Yards, Memphis, TN

Ranked #41

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Yale Yards Apartments

What is a cheap apartment in Yale Yards?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Yale Yards is under $775.

What is the price of a cheap apartment in Yale Yards?

The cheapest apartment in Yale Yards is New Horizon - Kingsgate which is listed at $587, while the average apartment in Yale Yards costs $1,299.

What types of apartments are the cheapest in Yale Yards?

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 31 regular apartments in Yale Yards that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.