Cheap Apartments for Rent in Memphis, TX from $300 (28 Rentals)

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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.

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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.

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Campus Row Apartments
1 to 2 Bedroom Apartments

Campus Row Apartments

2500 8th AveCanyon, TX 79015
  • Utilities Included

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.

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Schneider House
1 to 2 Bedroom Apartments

Schneider House

120 S Russell StPampa, TX 79065
  • Utilities Included

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.

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Memphis, TX Local Guide

Cheapest Available Memphis Apartments for Rent and Nearby

 

The cheapest available apartment rental in Memphis, TX is a 2 Beds unit found at Hampton Villages priced from $384. Park 220 has the second lowest priced unit, which is a Studio apartment currently listed from $450. Here is today’s list of the most affordable Memphis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hampton VillagesB-502BR,2BA$384
Park 220StudioStudio,1BA$450
Crestview CommonsA11BR,1BA$450
Heritage HollowA11BR,1BA$500
Granite LandingSmall StudioStudio,1BA$525
Schneider House1BR/1.0BA1BR,1BA$550
Park Place ApartmentsOne Bedroom One Bath1BR,1BA$550
Briarwood Apartments1 Bedroom 1 Bath1BR,1BA$590
Harvest Park2 Beds, 2 baths2BR,2BA$610
CROSS TIMBERS AT GRAND STREETA11BR,1BA$644

Best Value Apartments for Rent in Memphis, TX and Nearby

As of June 16, 2025 the best value apartment in the Memphis area is the $0.72 price per square foot 3B60-2 Model at North Grand Villas in the in the Dumas Junction neighborhood starting from $916. The second greatest value Memphis apartment is the C2-60 Model at Hampton Villages starting at $1,097 with a $0.87 price per square foot . 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.
North Grand Villas3B60-23BR,2BA$0.72
Hampton VillagesC2-603BR,2BA$0.87
The Reserves at Brookside3 bed/2 bath3BR,2BA$0.79
Harvest Park2 Beds, 2 baths2BR,2BA$0.62
Plainview ApartmentsB12BR,1BA$0.92
Heritage HollowB12BR,1BA$0.67
Park Place ApartmentsOne Bedroom One Bath1BR,1BA$0.86
Briarwood Apartments1 Bedroom 1 Bath1BR,1BA$0.94
Schneider House1BR/1.0BA1BR,1BA$0.92
Crestview CommonsA11BR,1BA$0.86

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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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Getting Around Memphis, TX

Walk Score®

18 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

37 / 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 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 $450 at Crestview Commons.

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 $384 at Hampton Villages.

What is the most affordable Memphis Three Bedroom Apartment?

The best deal on a cheap Memphis Three Bedroom Apartment rental is at Harvest Park and starts from $668.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.

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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.