
Cheap Gated Apartments for Rent in Memphis, TN from $300 (167 Rentals) Page 2 of 4
Search the lowest-cost Apartments available for rent right now in Memphis.


Hawthorne on Adams Apartments

The Parkway

Ridgeway Pines

Crossings at Fox Meadows

Hickory Grove

Addison Apartments III

Audubon Downs

Azure Place Apartments

The Bowery
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

The Elevation at Autumn Ridge

The Metropolitan and Greenlaw Place Apartments

Crescendo Apartments

The District Apartments

The Brooklyn Memphis

Stonewall Apartments

Bickford Square Apartments

The Broadmoor Apartments

Eleven60

The Galloway @ Evergreen
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

34 N Idlewild St

Spottswood Manor

Total Monthly Price
Faulkner Court Apartments

Landings At Winchester

Hickory Forest

The Biltmore - McAlpin Apartments

Cherokee Arms

The Flats @ Cooper Young

Conwood Flats Apartment Homes

Fielder Square
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

The Franklin

Total Monthly Price
The Chisca

Link Apartments® Broad Ave

Art Lofts @ Overton

Parkway Place Apartments

280 Vance Flats

National Rose Co.

Madison Gardens Apartments

Total Monthly Price
Merton Court

High Point Terrace Apartments
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.

Abington

Total Monthly Price
Shelby Pointe Townhomes

Hollywood Square

Southern Grove

MONTICELLO

240 Flats

Total Monthly Price
The Den Apartments, Bldg 3562

Museum Lofts

Total Monthly Price
Court Square Apartments

Redwood Estates Mobile Home Community
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.
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 | $1,089 | $547 | $7,985 |
| Memphis 1 Bedroom Apartments | $1,154 | $525 | $2,813 |
| Memphis 2 Bedroom Apartments | $1,276 | $610 | $5,105 |
| Memphis 3 Bedroom Apartments | $1,685 | $550 | $4,110 |
| Memphis 4 Bedroom Apartments | $1,424 | $550 | $2,560 |
Browse Top Apartments in Memphis
See all Apartments in MemphisExplore 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 El Dorado which is listed at $547, while the average apartment in Memphis costs $1,118.
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 4,315 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 $574 which is $544 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.
Helpful Local Expert Guides

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
Written by: Joshua Carlucci
Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.

The Local Memphis Expert's Guide to Renting Near the Citys Top Employers
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.

College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Articles, How-To's, and Tips

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.