
Cheap Apartments for Rent in Memphis, TN from $300 with Air Conditioning (277 Rentals) Page 3 of 6
Search the lowest-cost Apartments available for rent right now in Memphis.


Bickford Square Apartments

Den Apartments

Tranquility at Hickory Hill Senior Apartments

Eleven60

Greenline Apartments

Park Terrace

Macon Crossing Apartments

Faronia Square

Idlewild Terrace

Spottswood Manor

Faulkner Court Apartments

The Flats @ Cooper Young

Timberline Flats

Park at Forest Hill

Landings At Winchester

Lofts at Union Alley

Canterbury Woods Apartments

The Franklin

The Biltmore - McAlpin Apartments

The Summereast

MAA Southwind

Southwind Lakes Apartments

Art Lofts @ Overton

Peabody Falls Apartments

Hawthorne on Adams Apartments

The Wendell

Cherokee Arms

280 Vance Flats

National Rose Co.

Ashland Lakes Apartments

Iris Luxury Apartments

Madison Gardens Apartments

Overton Garden Apartments

Arbors of Century Center

Conwood Flats Apartment Homes

Forrest Cove

Georgian Woods

Tillman Cove

Southern Grove

The Sylvia

The Glen Townhomes

Total Monthly Price
1751 Poplar Ave

The Midtowner

The Linden

South Line at Central Station

South Junction Apartments

Museum Lofts

Idlewild 45

Redwood Estates Mobile Home Community
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 | $1,048 | $547 | $7,990 |
| Memphis 1 Bedroom Apartments | $1,159 | $525 | $2,854 |
| Memphis 2 Bedroom Apartments | $1,298 | $495 | $4,900 |
| Memphis 3 Bedroom Apartments | $1,734 | $737 | $6,293 |
| Memphis 4 Bedroom Apartments | $1,509 | $650 | $6,755 |
Explore 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 $625.
What is the price of a cheap apartment in Memphis?
The cheapest apartment in Memphis is 165 N Merton which is listed at $550, while the average apartment in Memphis costs $2,523.
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 8,171 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 $533 which is $1,990 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

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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.

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.