
Cheap 2 Bedroom Apartments for Rent in Memphis, TN from $562 (432 Rentals) Page 2 of 9


Shadowbrook Townhomes

Springdale Creek Apartments

Regency at Raleigh

1778 Brown Ave

Walden Pointe

Weaver Fields Apartments

Lakes at Ridgeway

Pinebrook Pointe
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Macon Crossing Apartments

Aspen Parc

Epping Way

Emerald Pointe

Ruby Oaks Apartments

Midtown Place

Winchester Grove

Avery Park Apartments

Luxe at Raleigh

Sutton at Shelby
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.

Highland Meadows Apartments

2295 Candlewyck Cir, Unit 2286-8

Colonial Village Apartments

Linden Yards Apartments

The Junction

Edison Park

Ridgeway Pines

Total Monthly Price
Helix at the District - Utilities Included

Bickford Square Apartments

Lexington Apartments
Renting with Roommates: Realistic Expectations for Shared Lease
Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

Peabody Village

3538 Christine Rd

1174 Railton Rd

1176 Railton Rd

215 N Bellevue Blvd

36 N Auburndale St

Stonewall Apartments

108 N Holmes St

1196 Aubra Rd

129 Stonewall St
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.

639 Mississippi Blvd

2879 Beverly Hill St, Unit 2866-02

Emerald Park Apartments

Audubon Downs

Eleven60

Total Monthly Price
Welcome to Holmes Pointe Apartments!

34 N Idlewild St

1170 Peabody Ave

Faronia Square

Sunrise Terrace Apartments
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.
Memphis, TN Local Guide

How much does it cost to rent an apartment in Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Memphis Studio Apartments | $1,076 | $547 | $7,985 |
| Memphis 1 Bedroom Apartments | $1,153 | $350 | $2,821 |
| Memphis 2 Bedroom Apartments | $1,263 | $562 | $5,096 |
| Memphis 3 Bedroom Apartments | $1,689 | $550 | $4,137 |
| Memphis 4 Bedroom Apartments | $1,340 | $550 | $2,560 |
Browse Top Apartments in Memphis
See all Apartments in MemphisExplore Memphis
Frequently Asked Questions about Cheap Memphis Apartments
What is a cheap apartment in Memphis?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Memphis is under $617.
What is the price of a cheap apartment in Memphis?
The cheapest apartment in Memphis is Longview Gardens which is listed at $562, while the average apartment in Memphis costs $1,702.
What types of apartments are the cheapest in Memphis?
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 6,726 regular apartments in Memphis that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Memphis?
Cheap apartments in Memphis have an average cost of $581 which is $1,121 cheaper than the average rent for all rentals in Memphis.
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.
Helpful Local Expert Guides

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
Written by: Joshua Carlucci
Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.

The Local Memphis Expert's Guide to Renting Near the Citys Top Employers
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.

College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
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.
