
Cheap Apartments for Rent in Memphis, TN from $300 with Air Conditioning (277 Rentals) Page 5 of 6
Search the lowest-cost Apartments available for rent right now in Memphis.


The Landing Residences

Dream Germantown

Waterford Place Apartment Homes

The Citizen Apartments

Total Monthly Price
Metro67

Court Square Apartments

ReNew Bartlett Village

The Flats at Overton

2097 Sharon Ln

Parkway Arms Apartments

Maureen Manor Apartments

Timber Pines Apartments

Elite Living Residence

Serenity at Highland

Inland Suites Lamar

1077 Merriwether Ave

Belvedere Gardens Condominiums

The Embassy Apartments

Champaign Place

Looney Apartments

Exchange Building

Uptown Flats

Cane Creek Apartments

1170 Peabody Ave

Radio Center Flats

Courtyard @ The Flats

Rayner House Apartments

Downtown Studio Suites- All Included

Woodland Station Condos

Jackson Heights Residential

Woodchase Apartments

Barton Court Apartments

Foxhaven Apartments

The Willows at Shelby Farms

Rocky Creek

The Landings at Houston Levee

Somerset at Lakeland

Enclave at Wolfchase

The Vale Apartments and Townhomes

Lincoln at Wolfchase

Trinity Lakes

The DeSoto

Total Monthly Price
Rock Creek Apartments

Villas at Cordova

Total Monthly Price
Stonebridge Crossing Apartments

Gramercy East Apartments

Total Monthly Price
Villas at Houston Levee East & West

Park Place at Shelby Farms

Dogwood Creek
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.