Cheap Apartments for Rent near Memphis, MO from $400 (58 Rentals)

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Search the lowest-cost Apartments available for rent right now in Memphis.

property at 410 E Buchanan St

$600

Total Monthly Price

Total Monthly Price

Base Rent
$600
Total Monthly Price
$600

3 Bedroom, 2 Bath Home for Rent

Available Jul 17

410 E Buchanan St

KirksvilleMO63501
property at 310 N 1st St

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650
Total Monthly Price
$650

1 Bedroom, 1 Bath Townhome for Rent

Available Now

310 N 1st St

OskaloosaIA52577

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 1405 Swanson Ave

$725

2 Bedroom, 1 Bath Home for Rent

Available Aug 1

1405 Swanson Ave

OttumwaIA52501

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 1205 S 15th St

$885

Total Monthly Price

Total Monthly Price

Base Rent
$885
Total Monthly Price
$885

3 Bedroom, 1 Bath Home for Rent

Available Now

1205 S 15th St

BurlingtonIA52601

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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property at 1017 Park Ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

3 Bedroom, 1 Bath Home for Rent

Available Aug 1

1017 Park Ave

BurlingtonIA52601
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630 N 6th St
Studio to 1 Bedroom Apartments

630 N 6th St

630 N 6th StBurlington, IA 52601

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Louden Lofts
Studio to 3 Bedroom Apartments

Louden Lofts

607 W Broadway AveFairfield, IA 52556
  • Utilities Included
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Chateau Apartments
1 to 2 Bedroom Apartments

Chateau Apartments

114 26th StFort Madison, IA 52627
  • Utilities Included
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1833 Curtis Ave
1 to 2 Bedroom Apartments

1833 Curtis Ave

1833 Curtis AveChariton, IA 50049
Corporate Housing
  • Utilities Included
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Washington Apartments
1 to 3 Bedroom Apartments

Washington Apartments

539 W 4th StOttumwa, IA 52501
  • Utilities Included
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Keokuk Family Flats
1 to 3 Bedroom Apartments

Keokuk Family Flats

2812 Lincoln AveKeokuk, IA 52632
  • Utilities Included
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Tisdale Apartments
2 Bedroom Apartments

Tisdale Apartments

232 E 4th StOttumwa, IA 52501
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Memphis, MO Local Guide

Cheapest Available Memphis Apartments for Rent and Nearby

 

The cheapest available apartment rental in Memphis, MO is a 2 Beds unit found at Cedar Creek Crossing Apartments priced from $267. Jefferson Building has the second lowest priced unit, which is a Studio apartment currently listed from $415. Here is today’s list of the most affordable Memphis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedar Creek Crossing Apartments2 Bed 2 Bath2BR,2BA$267
Jefferson BuildingStudioStudio,1BA$415
Centerville Senior LoftsThe Dublin2BR,1BA$600
Welch Hotel Senior ApartmentsStudioStudio,1BA$650
Washington Apartments2.1C 40%2BR,1BA$706
Green Gable CottagesGreen Gable 1 Bedroom1BR,1BA$750
Park Madison Apartments1BR/1BA1BR,1BA$750
Caspian Village Apartments2 Bedroom, 1 Bathrom2BR,1BA$795
Bel Aire Apartments2 Bedrooms2BR,1BA$795
Northern Plains by KadingCottage - 22BR,1BA$795

Best Value Apartments for Rent in Memphis, MO and Nearby

As of July 15, 2026 the best value apartment in the Memphis area is the $0.76 price per square foot 2 Bedroom Model at Nemitz Hall in the in the Threshers Meadows neighborhood starting from $1,095. The second greatest value Memphis apartment is the Blaul Lofts - 208 Model at Blaul Lofts starting at $1,050 with a $1.00 price per square foot in the Ginger Ridge neighborhood. Here is today’s list of the best values for Memphis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Nemitz Hall2 Bedroom2BR,2BA$0.76
Blaul LoftsBlaul Lofts - 2082BR,1BA$1.00
Cedar Creek Crossing Apartments2 Bed 2 Bath2BR,2BA$0.28
Westland Village2x12BR,1BA$0.89
Hawthorne Townhomes2 Bedrooms 2 Bath2BR,1.5BA$0.91
Alice Place West Burlington2-Bedroom2BR,1BA$0.90
Centerville Senior LoftsThe Dearborn2BR,1BA$0.83
Northern Plains by KadingCottage - 22BR,1BA$0.94
Park Madison Apartments1BR/1BA1BR,1BA$1.00
Jefferson BuildingStudioStudio ,1BA$0.79

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Memphis, MO Rentals by Map

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Frequently Asked Questions about Cheap Memphis Apartments

What is the Cheapest Studio apartment in Memphis?

Currently the most affordable Cheap Studio Apartment in Memphis is at Jefferson Building listed at $415.

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

The lowest price for a Cheap One Bedroom Memphis Apartment is $725 at Caspian Village Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Memphis is starting from $267 at Cedar Creek Crossing Apartments.

What is the most affordable Memphis Three Bedroom Apartment?

The best deal on a cheap Memphis Three Bedroom Apartment rental is at Cedar Creek Crossing Apartments and starts from $296.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.