3 Bedroom Apartments for Rent in Memphis, TN (391 Rentals)

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Hollywood Square
$1,150 - $1,225
Total Monthly Price

Total Monthly Price

Base Rent
$1,105 - $1,180
Required Monthly Fees
$45
Total Monthly Price
$1,150 - $1,225
3 Bedroom Apartments Available Now

Hollywood Square

170 N Hollywood StMemphis, TN 38112
Pet Friendly
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  • 3D Tour
  • Smoke Free
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Metro67
Rent Specials
$2,708 - $3,553
Total Monthly Price

Total Monthly Price

Base Rent
$999 - $3,253
Required Monthly Fees
$300
Total Monthly Price
$1,299 - $3,553
3 Bedroom Apartments Available Now

Metro67

67 Madison AveMemphis, TN 38103
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Memphis, TN Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Memphis 3 Bedroom Apartment Units with Current Availability by Neighborhood

Availability Confirmed As of: March 26, 2026

There are currently 2142 available 3 Bedroom apartment units from neighborhoods all over Memphis, TN that range in price from $675 to $6,024. Southeast Memphis, Northeast Memphis and Windyke-Southwind 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 Memphis201$1,275$737
Northeast Memphis128$1,636$935
Windyke-Southwind66$1,916$1,156
Southern Shelby County65$1,482$949
Southwind62$1,924$1,156
South Memphis61$1,038$825
Whitehaven56$1,038$830
Gardenview Park55$1,038$830
New Getwell54$1,038$830
Oakhaven53$1,099$949

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. Lakeland Town Square in the Lakeland Arlington 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 21,900 Sq Ft$3,000
The RoxburyC4R1,800 Sq Ft$1,859
Sunridge Townhomes3 Bed 2.5 Bath1,800 Sq Ft$1,250
The Water Tower District at Schilling FarmsT31,771 Sq Ft$4,273
Metro67Manhattan (3 bed)1,740 Sq Ft$2,708
MONTICELLOSycamore-3 bedroom 2 1/2 bath1,740 Sq Ft$1,550
Harbor Side at Conwood Flats ApartmentsC1 Loft1,664 Sq Ft$3,300
The Signature At Schilling FarmsThe Sanctuary1,642 Sq Ft$2,577
Forest Creek TownhomesC2b1,630 Sq Ft$2,700

Cheapest Available Memphis 3 Bedroom Apartments

As of March 26, 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 $1,765. 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
Springdale Creek Apartments3 Bedroom Townhome$800
Creekside Meadows3 bedroom / 2 Bathroom$830
Cherry Creek Apartments3x1$875
Emberly (NEW)3 Bedroom, 2 Bathroom$884
Hilldale Apartments3x1$900
Hickory Hills3 Bedroom$925
Oak Grove Flats3BR$935
Emerald Ridge3 bedroom 2 bathroom$949

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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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See the most popular apartments and homes in Memphis, TN

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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 $1,765.

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 1,432 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.