
Cheap Apartments for Rent in Memphis, TN from $300 with Swimming Pool (153 Rentals) Page 3 of 4
Search the lowest-cost Apartments available for rent right now in Memphis.


The Birches Apartment Homes

The Preserve at Forest Creek

Dream Germantown

ReNew Bartlett Village

Woodchase Apartments

The View at Shelby Farms

Colonial Estates

Stonebridge Crossing Apartments

Enclave at Wolfchase

Lincoln at Wolfchase

The Landings at Houston Levee

The Vale Apartments and Townhomes

The Crescent at 161

Gramercy East Apartments

Rock Creek Apartments

Somerset at Lakeland

Villas at Houston Levee East & West

Foxhaven Apartments

The Trace at 161

The Luxe of Southaven

The Easton Apartment Homes

The Vineyards

North Creek Apartments

Modena at Mallard Creek

Camden Grove Apartments

The Charleston

Walnut Hill Apartments

Villas at Cordova

Dogwood Creek

Cordova Creek

Park Place at Shelby Farms

Civic Center West Apartments

Rocky Creek

Southaven Pointe Apartments

Springs at Colonial

Appling Lakes

Bailey Creek Apartment Homes

Madison at Schilling Farms

Preserve at Bartlett

Hamilton at Turman Farms Apartments

Avalon at Horn Lake

Atlas at Goodlett Farms

Farmington Gates

Southcrest Lake

Annandale Gardens Apartments

MAA Dexter Lake
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!


