Cheap Apartments for Rent in New Memphis, IL from $300 (16 Rentals)

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Cheap Apartments in New Memphis.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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McKay Manor
3 Bedroom Apartments

McKay Manor

1 McKay Manor DrBreese, IL 62230

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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New Memphis, IL Local Guide

Cheapest Available New Memphis Apartments for Rent and Nearby

 

The cheapest available apartment rental in New Memphis, IL is a 1 Bed unit found at 215 anderson lane A in the Green Mount Manor neighborhood priced from $825. Bouse Apartment Homes in the Metro East neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $845. Here is today’s list of the most affordable New Memphis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
215 anderson lane A1 BR / 1 BA1BR,1BA$825
Bouse Apartment Homes1 Bedroom 1 Bath1BR,1BA$845
Green Door ApartmentsYour Next Home + $100 Off Monthly Rent + 1 Mont...1BR,1BA$900
Meadows at Shadow Ridge1BR/1BA1BR,1BA$900
Shiloh Commons HoldingsA1 1 Bed | 1 Bath1BR,1BA$950

Best Value Apartments for Rent in New Memphis, IL and Nearby

As of May 02, 2025 the best value apartment in the New Memphis area is the $1.29 price per square foot Carol Ann B2 Model at Storyboard on Carol Ann in the in the OFallon neighborhood starting from $1,550. The second greatest value New Memphis apartment is the Shan B2 Model at Storyboard on Shan starting at $1,570 with a $1.39 price per square foot in the Metro East neighborhood. Here is today’s list of the best values for New Memphis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Storyboard on Carol AnnCarol Ann B22BR,2BA$1.29
Storyboard on ShanShan B22BR,2BA$1.39
Brookside ManorTwo Bedroom2BR,1.5BA$1.15
Reside Here Apartments & Rentals2BR/1.5BA2BR,1.5BA$1.14
Northbrooke CommonsB22BR,2BA$1.36
215 anderson lane A2 BR / 1 BA2BR,1BA$1.07
Townhomes on Luan Drive2BR2BR,1.5BA$1.35
Winchester Place Apartments2 Bedroom / 2 Bath 980 sq ft2BR,2BA$1.19
Storyboard on RockwoodRockwood A11BR,1BA$1.14
Bouse Apartment Homes1 Bedroom 1 Bath1BR,1BA$1.36

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Location, Location, Location!

Explore New Memphis, IL Rentals by Map

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See the most popular apartments and homes in New Memphis, IL

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Frequently Asked Questions about Cheap New Memphis Apartments

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

The lowest price for a Cheap One Bedroom New Memphis Apartment is $825 at 215 anderson lane A.

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

Today's best deal for a Cheap Two Bedroom Apartment in New Memphis is starting from $1,065 at 215 anderson lane A.

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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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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.