
Cheap Apartments for Rent in Memphis, TN from $300 with Washer/Dryer (310 Rentals) Page 2 of 7
Search the lowest-cost Apartments available for rent right now in Memphis.


The Local Apartments

Shadowbrook Townhomes

The Nova Apartments

The Stella Apartments

The Bonsai at Central Gardens

Hickory Grove

The Parkway

Hickory Pointe

Ridgeway Pines
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Aspen Parc

Sutton at Shelby

The Tower at Kent

Emerald Pointe

Riverdale

Ruby Oaks Apartments

Colonial Village Apartments

The District Apartments

Linden Yards Apartments

The Brooklyn Memphis
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Bickford Square Apartments

Studio Rasa

Eleven60

Total Monthly Price
Welcome to Holmes Pointe Apartments!

Spottswood Manor

Total Monthly Price
Faulkner Court Apartments

Timberline Flats

Autumn Ridge Apartments

Landings At Winchester

Champions Hills at Windyke
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

The Flats @ Cooper Young

Hickory Forest

Hunter Oaks Apartments

Canterbury Woods Apartments

Conwood Flats Apartment Homes

Total Monthly Price
The Chisca

Art Lofts @ Overton

Getwell Pointe Apartments

280 Vance Flats

Parkway Place Apartments
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.

Deerfield Apartments

Forrest Cove

Peabody Falls Apartments

159 N Belvedere Blvd, Unit 1

National Rose Co.

Arbors of Century Center

Madison Gardens Apartments

The Summereast Apartments

The Ellington at Kirby

Total Monthly Price
Merton Manor
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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 | $1,076 | $547 | $7,985 |
| Memphis 1 Bedroom Apartments | $1,153 | $350 | $2,821 |
| Memphis 2 Bedroom Apartments | $1,263 | $562 | $5,096 |
| Memphis 3 Bedroom Apartments | $1,689 | $550 | $4,137 |
| Memphis 4 Bedroom Apartments | $1,340 | $550 | $2,560 |
Browse Top Apartments in Memphis
See all Apartments in MemphisExplore 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 $617.
What is the price of a cheap apartment in Memphis?
The cheapest apartment in Memphis is Watkins Manor which is listed at $350, while the average apartment in Memphis costs $1,702.
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 6,726 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 $581 which is $1,121 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.
Helpful Local Expert Guides

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
Written by: Joshua Carlucci
Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.

The Local Memphis Expert's Guide to Renting Near the Citys Top Employers
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.

College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.