
Cheap Apartments for Rent in Memphis, TN from $300 with Swimming Pool (153 Rentals) Page 2 of 4
Search the lowest-cost Apartments available for rent right now in Memphis.


Canterbury Woods Apartments

Hickory Forest

MAA Southwind

Southwind Lakes Apartments

Fielder Square

The Franklin

Hedgerow Apartments

Emerald Pointe-New

Ridgeway Commons Townhomes
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.

Mendenhall Gardens

Central Gardens

Iris Luxury Apartments

The Glen Townhomes

The Nova Apartments

South Junction Apartments

South Line at Central Station

Madison Midtown

Emerald Square-New

240 Flats
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Ashland Lakes I

Autumn Ridge Apartments

The Park at Paisley

The Meadows Apartments

Legacy on Lynnfield - NEWLY UPGRADED

Riverset Apartments

The Tennessee Brewery Apartments

Champions Hills at Windyke

The Landing Residences

The Melrose Midtown
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

The Rise Apartments

266 Lofts

Springs at Buckingham Farms

The Westbury

The Estates at River Pointe

Harbor Side at Conwood Flats Apartments

Century Apartments

Belle Harbour Apartments

Island Park/Harbor Town Square
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Crescent at Wolfchase Apartment Homes

Highpoint at The Greenline

Grand Island Apartments

The Villas at Germantown Apartments

Miller Creek at Germantown Apartments

Bristol On Union Apartment Homes

Centennial Gardens

Arbors River Oaks Apartments

Link Apartments® Broad Ave

Poplar Place Townhomes
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 | $1,031 | $200 | $1,888 |
| Memphis 1 Bedroom Apartments | $1,155 | $485 | $2,880 |
| Memphis 2 Bedroom Apartments | $1,301 | $595 | $5,900 |
| Memphis 3 Bedroom Apartments | $1,676 | $675 | $6,442 |
| Memphis 4 Bedroom Apartments | $1,486 | $599 | $4,398 |
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 $2,279.
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 4,986 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 $1,702 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!
