
Cheap Apartments for Rent in Memphis, MO from $300 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Memphis.


Washington Apartments

Welch Hotel Senior Apartments

Alice Place West Burlington

711 N 19th St
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.

Asbury Heights

Bel Aire Apartments

MAPLE PLACE APARTMENTS

Monroe City Senior Housing 62+

Caspian Village Apartments
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.

636 Payson Ave

516 South St
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.

10 Eastgate Dr
Memphis, MO Local Guide

How much does it cost to rent an apartment in Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Memphis Studio Apartments | $933 | $650 | $1,200 |
| Memphis 1 Bedroom Apartments | $807 | $418 | $1,250 |
| Memphis 2 Bedroom Apartments | $1,032 | $300 | $1,650 |
| Memphis 3 Bedroom Apartments | $1,245 | $340 | $1,900 |
| Memphis 4 Bedroom Apartments | $1,239 | $1,188 | $1,291 |
Browse Top Apartments in Memphis
See all Apartments in MemphisExplore Memphis
Memphis, MO Local Guide
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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 $300. Welch Hotel Senior Apartments in the Oak Ridge neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $452. Here is today’s list of the most affordable Memphis apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cedar Creek Crossing Apartments | 2 Bed 2 Bath | 2BR,2BA | $300 |
| Welch Hotel Senior Apartments | Two Bedroom | 2BR,1BA | $452 |
| Alice Place West Burlington | 1-Bedroom ADA | 1BR,1BA | $515 |
| Bel Aire Apartments | 1 Bedroom | 1BR,1BA | $645 |
| MAPLE PLACE APARTMENTS | 1 Bed 1 Bath | 1BR,1BA | $665 |
Best Value Apartments for Rent in Memphis, MO and Nearby
As of December 11, 2025 the best value apartment in the Memphis area is the $0.62 price per square foot Four Bedroom Model at Asbury Heights in the starting from $1,188. The second greatest value Memphis apartment is the Elizabeth Model at Northern Plains by Kading starting at $985 with a $0.80 price per square foot . Here is today’s list of the best values for Memphis apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Asbury Heights | Four Bedroom | 4BR,2BA | $0.62 |
| Northern Plains by Kading | Elizabeth | 3BR,2BA | $0.80 |
| Louden Lofts | Three Bedroom | 3BR,2BA | $0.83 |
| Cedar Creek Crossing Apartments | 2 Bed 2 Bath | 2BR,2BA | $0.31 |
| Alice Place West Burlington | 2-Bedroom | 2BR,1BA | $0.90 |
| School House Apartments | 1 Bedroom and 1 Bath | 1BR,1BA | $1.00 |
| Cobblestone Apartments | 1BR/1BA | 1BR,1BA | $1.03 |
| Riverbend 3306-3500 Steamboat Way | 2 Bedroom | 2BR,2BA | $1.01 |
| Park Madison Apartments | 1BR/1BA | 1BR,1BA | $1.00 |
| Westland Village | 1x1 | 1BR,1BA | $1.00 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Memphis, MO Rentals by Map
See the most popular apartments and homes in Memphis, MO
Getting Around Memphis, MO
Walk Score®
32 / 100
Car-Dependent
Most errands require a car
Bike Score®
34 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 Welch Hotel Senior Apartments listed at $650.
How much is rent for a Cheap One Bedroom Memphis Apartment?
The lowest price for a Cheap One Bedroom Memphis Apartment is $515 at Alice Place West Burlington.
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 $452 at Welch Hotel Senior Apartments.
What is the most affordable Memphis Three Bedroom Apartment?
The best deal on a cheap Memphis Three Bedroom Apartment rental is at Riverbend 3306-3500 Steamboat Way and starts from $975.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.


