Cheap Homes for Rent in Shelby County, TN from $500 (531 Rentals)

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Search the lowest-cost Homes available for rent right now in Shelby County.

property at 41 Florida St

41 Florida St

MemphisTN38106
property at 2766 Union Ave

2766 Union Ave

MemphisTN38111
Showing Results 1-50, Page 1 of 11

Cheapest Available Shelby County Apartments for Rent

 

The cheapest available apartment rental in Shelby County, TN is a 2 Beds unit found at Grainge Hill Apartments in the East Memphis neighborhood priced from $499. 165 N Merton in the East Memphis neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable Shelby County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Grainge Hill Apartments2 Bed / 1.5 Bath2BR,1BA$499
165 N Merton1BR/1.0BA1BR,1BA$550
Scenic Hills Apartments1 Bedroom1BR,1BA$550
New Horizon - KingsgateEffStudio,1BA$577
The Residences at LakeviewStudioStudio,1BA$581
El Dorado1 Bedroom1BR,1BA$585
WoodlakeEfficiencyStudio,1BA$599
Longview Heights2 Bed / 1 Bath2BR,1BA$601
Longview Gardens2 Bedroom2BR,1BA$601
SoMa 23Studio SmallStudio,1BA$650

Best Value Apartments for Rent in Shelby County, TN

As of April 11, 2025 the best value apartment in the Shelby County area is the $0.43 price per square foot 4 Bedroom 4 Bath Model at Student Lofts at Brister in the in the East Memphis neighborhood starting from $800. The second greatest value Shelby County apartment is the 2006 Felix Ave Model at 2006 Felix Ave, Unit 1 starting at $700 with a $0.40 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for Shelby County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Student Lofts at Brister4 Bedroom 4 Bath1BR,1BA$0.43
2006 Felix Ave, Unit 12006 Felix Ave1BR,1BA$0.40
Cane Creek Apartments4 BED TOWNHOME4BR,2BA$0.65
Village of Sycamore Ridge3brTH 2.5ba3BR,2.5BA$0.73
FairwayThree Bedroom Townhome w/ Stairs3BR,2.5BA$0.66
Shadowbrook Townhomes2 Bedroom w/ Den2BR,1.5BA$0.69
Faronia Square2 bdr 1.5 ba Plan IV2BR,1.5BA$0.75
Longview Heights2 Bed / 1 Bath2BR,1BA$0.76
Grainge Hill Apartments2 Bed / 1.5 Bath2BR,1.5BA$0.64
Scenic Hills Apartments1 Bedroom1BR,1BA$0.71

Frequently Asked Questions about Shelby County

What type of rentals are currently available in Shelby County?

There are currently 1768 Apartments for Rent in Shelby County, TN with pricing that ranges from $200 to $12,770. There are also 1475 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shelby County ranging from $525 to $6,995.

What is the current price range for Rental Homes in Shelby County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Shelby County ranges from $525 to $6,995 with an average monthly rent of $2,271.

How much are larger Three and Four Bedroom Rentals in Shelby County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Shelby County range from $730 to $8,654, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,065 and Four Bedroom Apartments start at $599.

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.