
Cheap Gated Apartments for Rent in Memphis, TN from $300 (167 Rentals) Page 3 of 4
Search the lowest-cost Apartments available for rent right now in Memphis.


Downtown Memphis Flats

Hedgerow Apartments

Southern Grove

Peabody Falls Apartments

The Landing Residences

The Rise Apartments

The Melrose Midtown

Riverset Apartments

266 Lofts

200 Stonewall St

Springs at Buckingham Farms

The Estates at River Pointe

Harbor Side at Conwood Flats Apartments

Kiwi Goji

50 Peabody Place

Urban Loft Co. Memphis- Utilties Included

Belle Harbour Apartments

Grand Island Apartments

Island Park/Harbor Town Square

Madison at McLean

The Westbury

Crescent at Wolfchase Apartment Homes

Pressbox Lofts

Highpoint at The Greenline

Bristol On Union Apartment Homes

Fieldstone

Centennial Gardens

The Villas at Germantown Apartments

Miller Creek at Germantown Apartments

Arbors River Oaks Apartments

Dream Germantown

Barton Court Apartments

Enclave at Wolfchase

The Willows at Shelby Farms

The View at Shelby Farms

Stonebridge Crossing Apartments

Colonial Estates

Lincoln at Wolfchase

The Landings at Houston Levee

Somerset at Lakeland

Villas at Houston Levee West

The Luxe of Southaven

Walnut Hill Apartments

Modena at Mallard 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 | $1,020 | $200 | $1,888 |
| Memphis 1 Bedroom Apartments | $1,163 | $485 | $2,880 |
| Memphis 2 Bedroom Apartments | $1,305 | $595 | $5,900 |
| Memphis 3 Bedroom Apartments | $1,674 | $675 | $5,322 |
| Memphis 4 Bedroom Apartments | $1,532 | $599 | $5,193 |
Explore Memphis
Getting Around Memphis, TN
Walk Score®
50 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
50 / 100
Bikeable
Some bike infrastructure
Transit Score®
29 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $599.
What is the price of a cheap apartment in Memphis?
The cheapest apartment in Memphis is Coronado Manor which is listed at $500, while the average apartment in Memphis costs $3,319.
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 8,193 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 $577 which is $2,742 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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!




