Cheap Apartments for Rent in Memphis, TX from $300 (45 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
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Park 220
Studio to 3 Bedroom Apartments

Park 220

220 Ridgecrest DrElk City, OK 73644
Corporate Housing
  • Utilities Included
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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

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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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

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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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

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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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 Silverleaf at Panhandle priced from $467. Four Seasons & Pepper Tree Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $549. Here is today’s list of the most affordable Memphis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Silverleaf at PanhandleA11BR,1BA$467
Four Seasons & Pepper Tree Apartments1BR/1.0BA Four Season Apartments1BR,1BA$549
Briarwood Apartments1 Bedroom 1 Bath1BR,1BA$610
Park Place ApartmentsHot Summer Savings! Lease Today!2BR,1BA$650
The Coachlight ApartmentsEFFICIENCYStudio,1BA$695
Candlewyck ApartmentsSmall EfficiencyStudio,1BA$695
Badger on Jackson1x11BR,1BA$725
Cimarron Apartments1 Bedroom / 1 Bath Available starting at $7251BR,1BA$725
Brierwood ApartmentsD1BR,1BA$725
Apple Creek Apartments2 Bedroom 1 Bath2BR,1BA$775

Best Value Apartments for Rent in Memphis, TX and Nearby

As of May 25, 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 B1 Model at Silverleaf at Panhandle starting at $990 with a $0.99 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.
Reserves at BrooksideC3-60%3BR,2BA$1.06
Silverleaf at PanhandleB12BR,1.5BA$0.99
Plainview ApartmentsB22BR,1BA$1.00
Park Place ApartmentsHot Summer Savings! Lease Today!2BR,1BA$0.81
Red River Senior Village1 Bed 1 Bath1BR,1BA$1.14
Apple Creek Apartments2 Bedroom 1 Bath2BR,1BA$1.04
Brierwood ApartmentsD1BR,1BA$1.10
Badger on Jackson1x11BR,1BA$1.15
Briarwood Apartments1 Bedroom 1 Bath1BR,1BA$0.97
Four Seasons & Pepper Tree Apartments1BR/1.0BA Four Season Apartments1BR,1BA$0.90

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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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

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

The lowest price for a Cheap One Bedroom Memphis Apartment is $467 at Silverleaf at Panhandle.

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 $649 at Four Seasons & Pepper Tree Apartments.

What is the most affordable Memphis Three Bedroom Apartment?

The best deal on a cheap Memphis Three Bedroom Apartment rental is at Park Place Apartments and starts from $750.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.