Cheap 1 Bedroom Apartments for Rent in Memphis, TN from $485 (394 Rentals) Page 5 of 8

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Memphis is under $625.

The cheapest apartment in Memphis is Redwood Estates Mobile Home Community which is listed at $485, while the average apartment in Memphis costs $2,618.

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 5,697 regular apartments in Memphis that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Cheap apartments in Memphis have an average cost of $554 which is $2,064 cheaper than the average rent for all rentals in Memphis.