Cheap Apartments for Rent in Memphis, NE from $700 (33 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article

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.

Read Article
close
View Me
Elkhorn Station
1 to 2 Bedroom Apartments

Elkhorn Station

2606 N Main StElkhorn, NE 68022
close
View Me
Stony Brook
1 to 2 Bedroom Apartments

Stony Brook

14735 W PlazaOmaha, NE 68137
Showing Results 1-33, Page 1 of 1

Memphis, NE Local Guide

Cheapest Available Memphis Apartments for Rent and Nearby

 

The cheapest available apartment rental in Memphis, NE is a Studio unit found at Fifty575 Coventry in the Ballena neighborhood priced from $1,090. Rock Creek Apartments in the Millard neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here is today’s list of the most affordable Memphis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fifty575 CoventryEStudio,1BA$1,090
Rock Creek ApartmentsOne Bedroom1BR,1BA$1,095
1010 on the LakeA1 Studio Floor Plan1BR,1BA$1,095
The Bungalows on 204A7661BR,1BA$1,095
Trade Winds Apartment HomesOne Bedroom1BR,1BA$1,137
The AbacusS2Studio,1BA$1,160
The Trails at North StreamsStanding BearStudio,1BA$1,175
Allora 168SaluteStudio,1BA$1,253
Tiburon RidgeHaven1BR,1BA$1,270
Grand LegacyAura (Flat)1BR,1BA$1,295

Best Value Apartments for Rent in Memphis, NE and Nearby

As of June 08, 2025 the best value apartment in the Memphis area is the $1.01 price per square foot Classic Unit C Model at Bellbrook Townhomes in the in the Ballena neighborhood starting from $1,750. The second greatest value Memphis apartment is the Dogwood Model at The Village on the Preserve starting at $1,675 with a $1.39 price per square foot in the South Elkhorn 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.
Bellbrook TownhomesClassic Unit C2BR,2.5BA$1.01
The Village on the PreserveDogwood2BR,2BA$1.39
Villas At The Pines2 Bedroom2BR,2BA$1.14
Dalmore ApartmentsBrooklyn3BR,2BA$1.61
Northridge2 Bedroom, 2 Bathroom - 1102 SF2BR,1.5BA$1.24
Lakeside HillsThe Geneva1BR,1BA$1.34
Andover Pointe Apartment HomesTwo Bedroom Two Bath2BR,2BA$1.38
The Bungalows on 204A972 *Attached Garage w/Select Units1BR,1BA$1.54
Trade Winds Apartment HomesOne Bedroom1BR,1BA$1.43
Rock Creek ApartmentsOne Bedroom1BR,1BA$1.50

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Memphis, NE

Ranked #87

Among cities in Nebraska for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

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

Explore Memphis, NE Rentals by Map

Decorative image of map

See the most popular apartments and homes in Memphis, NE

View MapMemphis, NE Apartments MapView MapMemphis, NE Rental Homes Map

Getting Around Memphis, NE

Walk Score®

42 / 100

Car-Dependent

Most errands require a car

Bike Score®

36 / 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 Fifty575 Coventry listed at $1,090.

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

The lowest price for a Cheap One Bedroom Memphis Apartment is $1,095 at Rock Creek 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 $1,195 at Rock Creek Apartments.

What is the most affordable Memphis Three Bedroom Apartment?

The best deal on a cheap Memphis Three Bedroom Apartment rental is at Dalmore Apartments and starts from $1,803.

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 Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.