3 Bedroom Apartments for Rent in Memphis, TN (380 Rentals)

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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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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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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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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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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: September 23, 2025

There are currently 2157 available 3 Bedroom apartment units from neighborhoods all over Memphis, TN that range in price from $698 to $3,471. Southeast Memphis, Northeast Memphis and Walnut Grove 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
Southeast Memphis202$1,260$795
Northeast Memphis155$1,701$935
Walnut Grove84$1,787$795
Sea Isle Park81$1,260$795
Germantown78$1,868$1,250
Fox Meadows63$1,099$795
Oakhaven59$1,099$795
Southern Shelby County58$1,200$849
Southwind56$1,903$1,156
Windyke-Southwind56$1,901$1,156

Largest Available Memphis 3 Bedroom Apartments

The largest available 3 Bedroom apartment unit in Memphis, TN is found at The Chisca in the Downtown Memphis neighborhood and is 2,031 square feet priced from $2,893. Fieldstone in the Hickory Ridge-South Riverdale neighborhood has the second largest 3 Bedroom, which is sized at 1,838 square feet and currently listed start at $2,275. 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
FieldstoneC3TH-Garage1,838 Sq Ft$2,275
The Garden District ApartmentsC1 With Den1,800 Sq Ft$2,353
Carrington at Schilling FarmsTH-3x31,781 Sq Ft$2,557
Metro67Manhattan (3 bed)1,740 Sq Ft$2,757
The Water Tower District at Schilling FarmsC2A1,681 Sq Ft$3,491
Legacy on Lynnfield - NEWLY UPGRADED3x2.5 Large1,675 Sq Ft$1,675
Harbor Side at Conwood Flats ApartmentsC1 Loft1,664 Sq Ft$3,300
Arbors River Oaks ApartmentsElm1,648 Sq Ft$1,878
The Residences at Lakeview3 Bedroom 2.5 Bathroom1,628 Sq Ft$865

Cheapest Available Memphis 3 Bedroom Apartments

As of September 23, 2025 the lowest priced 3 Bedroom apartment unit in Memphis, TN is the Three Bedroom Model starting from $750 at Valley Forge in the South Memphis neighborhood. The second most affordable Memphis 3 Bedroom is the 3 Bedroom 2 Bathroom Model at The Residences at Lakeview starting at $815 in the Oakhaven neighborhood. The average price for all 3 Bedroom apartments in Memphis is currently $1,706. Here is today’s list of the cheapest available 3 Bedroom options in Memphis:

Apartment ListingModel NamePriced From
Valley ForgeThree Bedroom$750
The Residences at Lakeview3 Bedroom 2 Bathroom$815
Hilldale Apartments3x1$829
Huntington Hills3 BR/ 1.5 BA$829
Emerald Ridge3 bedroom 2 bathroom$849
Springdale Creek Apartments3 Bedroom Townhome$850
Renaissance at Steele3 bedroom$880
Emberly Apartments3 Bedroom, 2 Bathroom$884
Cherry Creek3 Bedroom$915
Oak Grove Flats3BR$935

Quick Rent Budget Calculator

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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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See the most popular apartments and homes in Memphis, TN

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Getting Around Memphis, TN

Walk Score®

50 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

50 / 100

Bikeable

Some bike infrastructure

Transit Score®

29 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Valley Forge listed at $750.

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

The average rent for a 3 Bedroom Apartment in Memphis is $1,706.

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 1,485 sq ft.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.