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Cheap Apartments in Frayser Grove Neighborhood in Memphis, TN. 5d+ ago. 3 Beds • 1 Bath. View photos, floor plans, amenities, and more. Memphis, TN 38127. See all 242 apartments in Frayser, Memphis, TN currently available for rent. Shannon Falls Apartments - 3221 Thomas St, Memphis, TN 38127 - Zumper Breezy Point Apartments is located at 2801 Raja Drive, Memphis, TN and is managed by ALCO Management, Inc. Looking for an apartment near Memphis, TN? Welcome to Frayser, a residential neighborhood near Memphis, TN. Searching cheap houses for sale in Frayser, Memphis, TN has never been easier on PropertyShark! Browse through Frayser, Memphis, TN cheap homes for sale and get instant access to relevant information, including property descriptions, photos and maps. Two babies were found inside a Frayser home alone. 1 - 3 Beds $962 - $2,164. Browse through 1,696 cheap apartments and find the perfect fit for your budget and lifestyle. 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