Cheap Apartments for Rent near Memphis, TX from $300 (52 Rentals)

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

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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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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Hampton Villages
2 to 4 Bedroom Apartments

Hampton Villages

100 Hampton LnPampa, TX 79065

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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Park 220
Studio to 3 Bedroom Apartments

Park 220

220 Ridgecrest DrElk City, OK 73644
Corporate Housing
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Crestview Commons
1 to 3 Bedroom Apartments

Crestview Commons

2302 W Country Club BlvdElk City, OK 73644
Corporate Housing
  • Utilities Included
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Heritage Hollow
1 to 2 Bedroom Apartments

Heritage Hollow

1500 Stout DrElk City, OK 73644
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Granite Landing
Studio to 3 Bedroom Apartments

Granite Landing

2305 E 7th StElk City, OK 73644
Corporate Housing
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Schneider House
1 to 2 Bedroom Apartments

Schneider House

120 S Russell StPampa, TX 79065
  • Utilities Included
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Campus Row Apartments
1 to 2 Bedroom Apartments

Campus Row Apartments

2500 8th AveCanyon, TX 79015
  • Utilities Included
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Park View
2 to 3 Bedroom Apartments

Park View

2620 10th AveCanyon, TX 79015
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The Courtyard
1 to 3 Bedroom Apartments

The Courtyard

4601 Woodland AveVernon, TX 76384
  • Utilities Included

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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Harvest Park
2 to 3 Bedroom Apartments

Harvest Park

1011 E Harvester AvePampa, TX 79065

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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Showing Results 1-50, Page 1 of 2

Memphis, TX Local Guide

Cheapest Available Memphis Apartments for Rent and Nearby

 

The cheapest available apartment rental in Memphis, TX is a 1 Bed unit found at Chisholm Trail Crossing Apartments priced from $299. Red River Senior Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $346. Here is today’s list of the most affordable Memphis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Chisholm Trail Crossing ApartmentsLonghorn - 1 Bed/ 1 Bath1BR,1BA$299
Red River Senior VillageMeadow - 1 Bed/ 1 Bath1BR,1BA$346
Park 220StudioStudio,1BA$450
Silverleaf at PanhandleA11BR,1BA$467
Heritage HollowA11BR,1BA$500
Four Seasons & Pepper Tree Apartments1BR/1.0BA Four Season Apartments1BR,1BA$549
Schneider House1 Bed 1 Bath1BR,1BA$550
Briarwood Apartments1 Bedroom 1 Bath1BR,1BA$610
Apple Creek ApartmentsThe Flat1BR,1BA$625
Park Place ApartmentsHot Summer Savings! Lease Today!2BR,1BA$650

Best Value Apartments for Rent in Memphis, TX and Nearby

As of July 10, 2026 the best value apartment in the Memphis area is the $1.06 price per square foot C3-60% Model at Reserves at Brookside in the starting from $1,262. The second greatest value Memphis apartment is the C3MKT Model at Amarillo Greentree Village starting at $999 with a $0.98 price per square foot in the Dumas Junction 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.
Reserves at BrooksideC3-60%3BR,2BA$1.06
Amarillo Greentree VillageC3MKT3BR,1BA$0.98
Silverleaf at PanhandleB12BR,1.5BA$0.99
Plainview ApartmentsB22BR,1BA$1.00
Park Place ApartmentsHot Summer Savings! Lease Today!2BR,1BA$0.81
Chisholm Trail Crossing ApartmentsWrangler - 1 Bed/ 1 Bath1BR,1BA$1.08
Briarwood Apartments1 Bedroom 1 Bath1BR,1BA$0.97
Four Seasons & Pepper Tree Apartments1BR/1.0BA Four Season Apartments1BR,1BA$0.90
Schneider House1 Bed 1 Bath1BR,1BA$0.92
Heritage HollowA11BR,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.

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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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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.

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

Explore Memphis, TX Rentals by Map

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See the most popular apartments and homes in Memphis, TX

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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 Park 220 listed at $450.

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

The lowest price for a Cheap One Bedroom Memphis Apartment is $299 at Chisholm Trail Crossing 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 $358 at Chisholm Trail Crossing Apartments.

What is the most affordable Memphis Three Bedroom Apartment?

The best deal on a cheap Memphis Three Bedroom Apartment rental is at Chisholm Trail Crossing Apartments and starts from $407.

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.

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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.