3 Bedroom Apartments for Rent in Memphis, TN (388 Rentals)

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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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Affordable Memphis: The Best Neighborhoods with Character and Lower Rents

Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.

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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Navigating the Rental Market: Tips for First-Time Renters

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Memphis, TN Local Guide

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Written By:
Justin Habersaat
Editing Staff

Memphis 3 Bedroom Apartment Units with Current Availability by Neighborhood

Availability Confirmed As of: February 08, 2026

There are currently 265 available 3 Bedroom apartment units from neighborhoods all over Memphis, TN that range in price from $732 to $3,400. Hickory Hill, Whitehaven and Southern Shelby County are the neighborhoods that currently have the most 3 Bedroom availability. Here is today's list of the top neighborhoods in Memphis with the most available 3 Bedroom apartments:

NeighborhoodAvailable UnitsMedian PriceMin Price
Hickory Hill69$1,099$1,050
Whitehaven45$1,038$884
Southern Shelby County32$1,307$949
Bartlett17$1,381$1,010
Wolfchase17$1,976$1,155
Parkway Village11$1,112$975
Fox Meadows10$1,112$795
Audubon Park9$1,448$732
Grays Creek8$1,599$1,599
Downtown Memphis7$2,446$1,020

Largest Available Memphis 3 Bedroom Apartments

The largest available 3 Bedroom apartment unit in Memphis, TN is found at The Chisca in the South Main neighborhood and is 2,031 square feet priced from $2,893. Lakeland Town Square in the Lakeland neighborhood has the second largest 3 Bedroom, which is sized at 1,900 square feet and currently listed start at $3,000. Here is today’s list of the largest available 3 Bedroom units in Memphis:

Apartment ListingModel NameSquare FootagePriced From
The ChiscaC12,031 Sq Ft$2,893
Lakeland Town SquareC1 Townhome Phase II1,900 Sq Ft$3,000
The Water Tower District at Schilling FarmsT31,771 Sq Ft$4,197
Metro67Manhattan (3 bed)1,740 Sq Ft$2,708
MONTICELLOSycamore-3 bedroom 2 1/2 bath1,740 Sq Ft$1,534
Legacy on Lynnfield - NEWLY UPGRADED3x2.5 Large1,675 Sq Ft$1,675
Harbor Side at Conwood Flats ApartmentsC1 Loft1,664 Sq Ft$3,300
The Signature At Schilling FarmsThe Sanctuary1,642 Sq Ft$2,311

Cheapest Available Memphis 3 Bedroom Apartments

As of February 08, 2026 the lowest priced 3 Bedroom apartment unit in Memphis, TN is the 3 Beds, 2 baths Model starting from $675 at Redwood Estates Mobile Home Community in the Frayser neighborhood. The second most affordable Memphis 3 Bedroom is the Three Bedroom Model at Valley Forge starting at $750 in the South Memphis neighborhood. The average price for all 3 Bedroom apartments in Memphis is currently $1,662. Here is today’s list of the cheapest available 3 Bedroom options in Memphis:

Apartment ListingModel NamePriced From
Redwood Estates Mobile Home Community3 Beds, 2 baths$675
Valley ForgeThree Bedroom$750
The Residences at Lakeview3 Bedroom 2 Bathroom$795
Springdale Creek Apartments3 Bedroom Townhome$800
Creekside Meadows3 bedroom / 2 Bathroom$854
Cherry Creek Apartments3x1$875
Renaissance at Steele3 bedroom$880
Hilldale Apartments3x1$900
Hickory Hills3 Bedroom$925
Oak Grove Flats3BR$935

College Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive

Where do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Quick 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.

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Memphis Overview

Memphis, Tennessee is a place where you can feel lost in time, surrounded by rich history and the roots of some of today’s most popular music. Southern hospitality and tradition combine with modern comfort and a sense of belonging in Tennessee’s largest city, which still manages to retain the quiet charms of simple living. From the vibrant neighborhoods of Downtown Memphis to the majestic Mississippi River, there is no shortage of variety to be found by people staying in apartments in Memphis. Also, you can’t visit this sunny getaway without trying some legendary Memphis barbecue.

Why live in Memphis, TN?

The endless possibilities in Memphis make it a city that is difficult to define. There are museums and historical sites that will satisfy anyone seeking to learn about the rich history of the south and the civil rights movement. The plentiful parks and trails can keep active nature lovers happy, and there’s no shortage of sights for music aficionados interested in the origins of the classics. Between the countless animals at the Memphis Zoo, the mouthwatering soul food and barbecue that’s always in easy reach, and the minor league stadium where you can watch the Memphis Redbirds in action, Memphis is a city that comes equipped with everything you might want to experience. No matter who you find your apartment in Memphis, you're bound for adventure.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Memphis, TN Rentals by Map

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Frequently Asked Questions about 3 Bedroom Memphis Apartments

What is the Cheapest apartment in Memphis with 3 Bedroom?

Currently the most affordable 3 Bedroom in Memphis is at Redwood Estates Mobile Home Community listed at $675.

How much is the average rent for a 3 Bedroom Memphis Apartment?

The average rent for a 3 Bedroom Apartment in Memphis is $1,662.

What is the largest available 3 Bedroom Memphis Apartment for rent?

Today's apartment with the most square footage in Memphis is a 2,031 square feet unit starting from $2,893 at The Chisca.

What is the average size for Memphis 3 Bedroom Apartments for rent?

The average size for a 3 Bedroom rental in Memphis is currently 1,430 sq ft.

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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Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.