
Cheap Apartments for Rent in Memphis, TN from $300 with Laundry Facility (137 Rentals) Page 3 of 3
Search the lowest-cost Apartments available for rent right now in Memphis.


The Galloway @ Evergreen

The Melrose Midtown

The Bank Flats Apartments

Fielder Square

MAA Kirby Station

Total Monthly Price
Hollywood Square

1162 Peabody Ave

The Midline Apartments

Island Park/Harbor Town Square

Total Monthly Price
The Westbury

Sunridge Townhomes

Highpoint at The Greenline

The Preserve at Forest Creek

Fieldstone

Total Monthly Price
Metro67

Waterford Place Apartment Homes

ReNew Bartlett Village

Exchange Building

Dawson's Manor

Woodland Station Condos

Barton Court Apartments

Rocky Creek

Enclave at Wolfchase

Somerset at Lakeland

The DeSoto

Villas at Cordova

Total Monthly Price
Villas at Houston Levee East & West

The Luxe of Southaven

Park Place at Shelby Farms

Dogwood Creek

Southcrest Lake

Civic Center West Apartments

North Creek Apartments

Madison at Schilling Farms

Farmington Gates

Appling Lakes
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 $2,545.
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 5,387 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 $536 which is $2,009 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.