
Cheap Homes for Rent in New Memphis, IL from $700 (13 Rentals)
Search the lowest-cost Homes available for rent right now in New Memphis.


10 Yorkshire Ln

260 Aaron Ct

124 Carson Dr

425 Williamsburg Dr

13 Yorkshire Ln

2315 Richland Prairie Blvd

206 Howard Dr

120 W 7th St

324 Hickory Ct

455 Ponderosa Ave

760 Washington St

509 Country Meadow Ln
New Memphis, IL Local Guide

How much does it cost to rent a home in New Memphis?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
New Memphis 2 Bedroom Homes for Rent | $1,032 | $750 | $1,495 |
New Memphis 3 Bedroom Homes for Rent | $1,828 | $1,150 | $2,400 |
New Memphis 4 Bedroom Homes for Rent | $2,094 | $1,725 | $2,400 |
Browse Top Homes for Rent in New Memphis
Explore New Memphis
New Memphis, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
215 anderson lane A | 1 BR / 1 BA | 1BR,1BA | $825 |
Bouse Apartment Homes | 1 Bedroom 1 Bath | 1BR,1BA | $845 |
Green Door Apartments | Limited Time Only $900 | 1BR,1BA | $900 |
Meadows at Shadow Ridge | 1BR/1BA | 1BR,1BA | $900 |
Storyboard on Rockwood | Rockwood A1 | 1BR,1BA | $1,025 |
Best Value Apartments for Rent in New Memphis, IL and Nearby
As of March 25, 2025 the best value apartment in the New Memphis area is the $1.15 price per square foot Park Entrance B1 Model at Storyboard on Park Entrance in the in the OFallon neighborhood starting from $1,379. The second greatest value New Memphis apartment is the 2 Bedroom Garden Model at Cantwell Crossing Apartments and Townhomes starting at $1,384 with a $1.23 price per square foot in the Sullivan Manors neighborhood. Here is today’s list of the best values for New Memphis apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Storyboard on Park Entrance | Park Entrance B1 | 2BR,2BA | $1.15 |
Cantwell Crossing Apartments and Townhomes | 2 Bedroom Garden | 2BR,2BA | $1.23 |
Reside Here Apartments & Rentals | 2BR/1.5BA | 2BR,1.5BA | $1.14 |
Northbrooke Commons | B2 | 2BR,2BA | $1.36 |
215 anderson lane A | 2 BR / 1 BA | 2BR,1BA | $1.07 |
Storyboard on Rockwood | Rockwood B2 | 2BR,1.5BA | $1.20 |
Storyboard on Wisteria | Wisteria B1 | 2BR,1BA | $1.34 |
Winchester Place Apartments | 2 Bedroom / 1 Bath 950 sq ft | 2BR,1BA | $1.25 |
Green Door Apartments | Limited Time Only $900 | 1BR,1BA | $1.29 |
Bouse Apartment Homes | 1 Bedroom 1 Bath | 1BR,1BA | $1.36 |
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Frequently Asked Questions about New Memphis
What type of rentals are currently available in New Memphis?
There are currently 37 Apartments for Rent in New Memphis, IL with pricing that ranges from $575 to $3,200. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Memphis ranging from $750 to $2,400.
What is the current price range for Rental Homes in New Memphis?
Today's rental pricing for Homes for Rent, Condos and Townhomes in New Memphis ranges from $750 to $2,400 with an average monthly rent of $1,438.
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.

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.

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.

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.

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.