Cheap 3 Bedroom Apartments for Rent in Memphis, TN from $690 (137 Rentals) Page 2 of 3

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Renting Smart: Lease Basics Every Renter Needs

Demystify Your Rental Lease. Learn the basics about renting, deposits, and tenant/landlord responsibilities. Rent smart and avoid surprises. | Renter University at ApartmentHomeLiving.com

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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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Carriage House
3 Bedroom Apartments

Carriage House

1145 Frayser BlvdMemphis, TN 38127
  • Utilities Included
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Harmony Woods
3 Bedroom Apartments

Harmony Woods

3384 Harmony CtMemphis, TN 38122
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Cherry Gardens
3 Bedroom Apartments

Cherry Gardens

4350 Dunn RdMemphis, TN 38111
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April Woods
3 Bedroom Apartments

April Woods

262 Chelsea AveMemphis, TN 38107
  • Utilities Included

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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Valley Forge
3 Bedroom Apartments

Valley Forge

176 Hillview AveMemphis, TN 38109
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Beacon Manor
3 Bedroom Apartments

Beacon Manor

2502 St. Elmo AveMemphis, TN 38127
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Pontotoc Gardens
3 Bedroom Apartments

Pontotoc Gardens

537-539 Pontotoc AveMemphis, TN 38126

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.

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Eastern Heights
3 Bedroom Apartments

Eastern Heights

281 Johnson Cir WMemphis, TN 38112
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Beverly Springs
3 Bedroom Apartments

Beverly Springs

2879 Beverly Hills RdMemphis, TN 38128
Senior Living
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Hickory Hills
3 Bedroom Apartments

Hickory Hills

3513 Graceland DrMemphis, TN 38116
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Windsor Place
3 Bedroom Apartments

Windsor Place

5267 Knight Arnold RdMemphis, TN 38118
Showing Results 51-100, Page 2 of 3

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 $649.

What is the price of a cheap apartment in Memphis?

The cheapest apartment in Memphis is Creekside Meadows which is listed at $825, while the average apartment in Memphis costs $1,738.

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 6,890 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 $582 which is $1,156 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.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.