
Top Rated Cheap Apartments for Rent in Memphis, TN from $300 (98 Rentals) Page 2 of 2
Top Rated Apartments in Memphis.
Cheap Apartments in Memphis.


Arbors River Oaks Apartments

The Oliver Luxury Apartments

Dream Germantown
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.

Villas at Houston Levee East & West

Gramercy East Apartments

The Vineyards

Villas at Houston Levee West

Enclave at Wolfchase

North Creek Apartments

Madison at Schilling Farms

Southaven Pointe Apartments

Camden Grove Apartments

The Charleston

Walnut Hill Apartments

Preserve at Bartlett

Villas at Cordova

Park Place at Shelby Farms

Somerset at Lakeland

Dogwood Creek

Civic Center West Apartments

Bailey Creek Apartment Homes

Hamilton at Turman Farms Apartments

Atlas at Goodlett Farms

MAA Dexter Lake

Irene Woods Apartments

Appling Lakes

Civic Center East 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 | $1,028 | $200 | $1,888 |
| Memphis 1 Bedroom Apartments | $1,156 | $485 | $2,880 |
| Memphis 2 Bedroom Apartments | $1,301 | $595 | $5,900 |
| Memphis 3 Bedroom Apartments | $1,678 | $675 | $5,892 |
| Memphis 4 Bedroom Apartments | $1,536 | $599 | $5,877 |
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 $618.
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 $2,311.
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 5,025 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 $561 which is $1,750 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.

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.



















