
Cheap Apartments for Rent in Memphis, TN from $300 with Swimming Pool (152 Rentals) Page 3 of 4
Search the lowest-cost Apartments available for rent right now in Memphis.


Crescent at Wolfchase Apartment Homes

Highpoint at The Greenline

Centennial Gardens

The Villas at Germantown Apartments

Bristol On Union Apartment Homes

Fieldstone

Arbors Harbor Town

ReNew Bartlett Village

Woodchase Apartments

The Landings at Houston Levee

The View at Shelby Farms

The Vale Apartments and Townhomes

Lincoln at Wolfchase

Stonebridge Crossing Apartments

Enclave at Wolfchase

The Crescent at 161

Trinity Lakes

Colonial Estates

Rock Creek Apartments

Trailside at Greenline

Total Monthly Price
Cordova Creek

The Luxe of Southaven

Dogwood Creek

Appling Lakes

Rocky Creek

Southaven Pointe Apartments

The DeSoto

Springs at Colonial

The Easton Apartment Homes

Gramercy East Apartments

Foxhaven Apartments

Villas at Houston Levee East & West

North Creek Apartments

Civic Center West Apartments

Somerset at Lakeland

Camden Grove Apartments

Preserve at Bartlett

The Charleston

The Trace at 161

Hamilton at Turman Farms Apartments

MAA Dexter Lake

Avalon at Horn Lake

Atlas at Goodlett Farms

Farmington Gates

Madison at Schilling Farms

Walnut Hill Apartments

Civic Center East Apartments

Bailey Creek Apartment Homes

The Bridges at Germantown 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 | $1,067 | $547 | $7,985 |
| Memphis 1 Bedroom Apartments | $1,158 | $525 | $2,840 |
| Memphis 2 Bedroom Apartments | $1,280 | $600 | $4,700 |
| Memphis 3 Bedroom Apartments | $1,709 | $700 | $7,035 |
| Memphis 4 Bedroom Apartments | $1,328 | $640 | $2,640 |
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 $634.
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 $1,729.
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 5,513 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 $595 which is $1,134 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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.