
Cheap Gated Apartments for Rent in Memphis, TN from $300 (174 Rentals) Page 3 of 4
Search the lowest-cost Apartments available for rent right now in Memphis.


Downtown Memphis Flats

Arbors Harbor Town

Peabody Falls Apartments

200 Stonewall St

266 Lofts

The Estates at River Pointe

The Franklin

Springs at Buckingham Farms

Harbor Side at Conwood Flats Apartments

Kiwi Goji

The Landing Residences

Number 10 Main

Urban Loft Co. Memphis- Utilties Included

50 Peabody Place

The Westbury

The Rise Apartments

Metro67

Southern Grove

Lofts at Union Alley

Island Park/Harbor Town Square

Crescent at Wolfchase Apartment Homes

Conwood Flats Apartment Homes

Lofts at Merchant Row

Downtown Studio Suites- All Included

Waterford Place Apartment Homes

Grand Island Apartments

The Villas at Germantown

Belle Harbour Apartments

Highpoint at The Greenline

The Melrose Midtown

Miller Creek at Germantown Apartments

Centennial Gardens

Madison at McLean

Dream Germantown

Fieldstone

Bristol On Union Apartment Homes

41 S McLean Blvd, Unit #3 upstairs

Barton Court Apartments

Lincoln at Wolfchase

The View at Shelby Farms

Stonebridge Crossing Apartments
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 | $1,058 | $560 | $7,990 |
| Memphis 1 Bedroom Apartments | $1,167 | $525 | $2,880 |
| Memphis 2 Bedroom Apartments | $1,311 | $625 | $5,900 |
| Memphis 3 Bedroom Apartments | $1,669 | $759 | $4,130 |
| Memphis 4 Bedroom Apartments | $1,394 | $599 | $5,860 |
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 $634.
What is the price of a cheap apartment in Memphis?
The cheapest apartment in Memphis is 4015 Summer Ave which is listed at $550, while the average apartment in Memphis costs $3,455.
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 2,320 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 $447 which is $3,008 cheaper than the average rent for all rentals in Memphis.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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

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!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.







