410 W Pine Ave
SayreOK73662
Cheap Homes for Rent near Memphis, TX from $600 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Memphis.
208 SE 6th
PlainviewTX79072
501 Dolomita St
BorgerTX79007
604 NW 6th St
TuliaTX79088
304 Zephyr
PlainviewTX79072
1321 Navajo Trail
PlainviewTX79072
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.
3314 N Eastern St
AmarilloTX79108
1903 S Highland St
AmarilloTX79103
904 N Hayes St
AmarilloTX79107
2005 N Manhattan St
AmarilloTX79107
3611 S Polk St
AmarilloTX79110
707 4th St
CanyonTX79015
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.
Showing Results 1-12, Page 1 of 1
Memphis, TX Local Guide
Waving Texas Flag by rcbodden is licensed under CC BY 2.0
How much does it cost to rent a home in Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Memphis 2 Bedroom Homes for Rent | $1,108 | $600 | $1,795 |
| Memphis 3 Bedroom Homes for Rent | $1,638 | $875 | $3,195 |
| Memphis 4 Bedroom Homes for Rent | $1,470 | $1,250 | $1,670 |
Browse Top Homes for Rent in Memphis
Explore Memphis
Memphis, TX Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Chisholm Trail Crossing Apartments | Longhorn - 1 Bed/ 1 Bath | 1BR,1BA | $299 |
| Red River Senior Village | Meadow - 1 Bed/ 1 Bath | 1BR,1BA | $346 |
| Park 220 | Studio | Studio,1BA | $450 |
| Silverleaf at Panhandle | A1 | 1BR,1BA | $467 |
| Heritage Hollow | A1 | 1BR,1BA | $500 |
Best Value Apartments for Rent in Memphis, TX and Nearby
As of July 08, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Reserves at Brookside | C3-60% | 3BR,2BA | $1.06 |
| Amarillo Greentree Village | C3MKT | 3BR,1BA | $0.98 |
| Silverleaf at Panhandle | B1 | 2BR,1.5BA | $0.99 |
| The Aspen Apartments | Daffodil (2x1) | 2BR,1BA | $0.91 |
| Plainview Apartments | B2 | 2BR,1BA | $1.00 |
| Park Place Apartments | Hot Summer Savings! Lease Today! | 2BR,1BA | $0.81 |
| Briarwood Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $0.97 |
| Four Seasons & Pepper Tree Apartments | 1BR/1.0BA Four Season Apartments | 1BR,1BA | $0.90 |
| Schneider House | 1 Bed 1 Bath | 1BR,1BA | $0.92 |
| Heritage Hollow | A1 | 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 Article
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.
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.
Let everyone know!
Do you know the Memphis area?
If you’re an expert on all things Memphis, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Memphis, TX Rentals by Map
See the most popular apartments and homes in Memphis, TX
Frequently Asked Questions about Memphis
What type of rentals are currently available in Memphis?
There are currently 52 Apartments for Rent in Memphis, TX with pricing that ranges from $299 to $2,000. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $600 to $3,195.
What is the current price range for Rental Homes in Memphis?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Memphis ranges from $600 to $3,195 with an average monthly rent of $1,232.
How much are larger Three and Four Bedroom Rentals in Memphis?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Memphis range from $407 to $2,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $3,195. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $907.
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
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.
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.
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.
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.