Cheap Homes for Rent in Shelby County, TN from $400 (432 Rentals)

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Cheap Homes in Shelby County.

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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property at 4455 Macon Rd

4455 Macon Rd

MemphisTN38122

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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property at 2766 Union Ave

2766 Union Ave

MemphisTN38111
property at 805 Berclair Rd

805 Berclair Rd

MemphisTN38122
Showing Results 1-50, Page 1 of 9

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. New Horizon - Kingsgate in the South Memphis neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $577. 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
New Horizon - KingsgateEffStudio,1BA$577
The Residences at LakeviewStudioStudio,1BA$581
El Dorado1 Bedroom1BR,1BA$597
WoodlakeEfficiencyStudio,1BA$599
Emerald Ridge1 bedroom 1 bathroom1BR,1BA$599
Longview Heights2 Bed / 1 Bath2BR,1BA$616
Longview Gardens2 Bedroom2BR,1BA$625
Coronado Manor1 bedroom1BR,1BA$649
Grahamwood Place1 bedroom 1 bathroom1BR,1BA$649

Best Value Apartments for Rent in Shelby County, TN

As of May 06, 2025 the best value apartment in the Shelby County area is the $0.38 price per square foot Student Housing Per Person Model at 3570 Spottswood Ave in the in the East Memphis neighborhood starting from $750. The second greatest value Shelby County apartment is the 4 Bedroom 4 Bath Model at Student Lofts at Brister starting at $800 with a $0.43 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.
3570 Spottswood AveStudent Housing Per Person5BR,5BA$0.38
Student Lofts at Brister4 Bedroom 4 Bath1BR,1BA$0.43
Emerald Square4 bedroom 2.5 bathroom4BR,2.5BA$0.75
Emerald Pointe3 bedroom 2.5 bathroom3BR,2.5BA$0.70
FairwayTwo Bedroom Townhome w/Stairs2BR,1.5BA$0.60
994 Philadelphia St, Unit 994994 Philadelphia St1BR,1BA$0.77
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$0.78
Grainge Hill Apartments2 Bed / 1.5 Bath2BR,1.5BA$0.64

Frequently Asked Questions about Shelby County

What type of rentals are currently available in Shelby County?

There are currently 1739 Apartments for Rent in Shelby County, TN with pricing that ranges from $499 to $13,070. There are also 1449 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shelby County ranging from $495 to $6,500.

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 $495 to $6,500 with an average monthly rent of $2,158.

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 $740 to $7,742, while Three Bedroom Homes, Condos, and Townhomes for rent range from $834 to $3,500. Four Bedroom Single-Family rentals are also available starting from $895 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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.