
Cheap 2 Bedroom Apartments for Rent in Memphis, TN from $561 (409 Rentals) Page 3 of 9


1196 Aubra Rd

639 Mississippi Blvd

129 Stonewall St

2879 Beverly Hill St, Unit 2866-02

Audubon Downs

Eleven60

The Galloway @ Evergreen

Sunrise Terrace Apartments

34 N Idlewild 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.

1170 Peabody Ave

Faronia Square

1304-1306 Snowden Ave

528 East Dr

1304 Snowden Ave

760 Richmond Ave

1263 Laudeen Dr

Whispering Pines

Twin Oaks

Sycamore Lake
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Hickory Forest

Woodlake Apartments

Hunter Oaks Apartments

Kings Reserve Memphis

The Park at Paisley

The Park at New Castle

Autumn Ridge Apartments

Cedar Mill Apartments & Townhouses

Owens Place Townhomes

Greenline Apartments
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The Parkway

Getwell Pointe Apartments

Hickory Pointe

The Posts

Total Monthly Price
Shelby Pointe Townhomes

Crossings at Fox Meadows

Macon Manor

The Drew

Forrest Cove

Total Monthly Price
The Grove at Patterson
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.

Goodbar Townhomes

1320 Bruce St

83 Eastview Dr

1710 Kirby Pkwy

Greenbrook at Shelby Farms

Madison Gardens Apartments

Rivergrove

The Canopy 2200

The Park at Hollyford

The Summereast Apartments
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.
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 | $1,041 | $547 | $1,888 |
| Memphis 1 Bedroom Apartments | $1,128 | $450 | $3,387 |
| Memphis 2 Bedroom Apartments | $1,260 | $561 | $4,958 |
| Memphis 3 Bedroom Apartments | $1,641 | $575 | $4,109 |
| Memphis 4 Bedroom Apartments | $1,440 | $550 | $3,833 |
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 $613.
What is the price of a cheap apartment in Memphis?
The cheapest apartment in Memphis is Longview Gardens which is listed at $560, while the average apartment in Memphis costs $1,115.
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 4,749 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 $546 which is $569 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
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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.

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Affordable Memphis: The Best Lower Priced Neighborhoods with Character
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Articles, How-To's, and Tips

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.