
Cheap Apartments for Rent in Memphis, TN from $300 with Washer/Dryer (308 Rentals) Page 4 of 7
Search the lowest-cost Apartments available for rent right now in Memphis.


The Residence

Total Monthly Price
2096 Court Ave, Unit 1

The Villas at Germantown Apartments

1162 Peabody Ave

ReNew Bartlett Village

Poplar Place Townhomes

Dream Germantown

Hedgerow Apartments

Total Monthly Price
The Citizen Apartments

The Wyndham Apartments

The Shift Residences- East Memphis

Highpoint at The Greenline

Centennial Gardens

Miller Creek at Germantown Apartments

Highland Row

Total Monthly Price
The Landing Residences

The Westbury

The Preserve at Forest Creek

The Oliver Luxury Apartments

Bristol On Union Apartment Homes

Pressbox Lofts

Sunridge Townhomes

The Commonwealth

The Flats at Overton

Century Apartments

Total Monthly Price
505 S Main St, Unit 505 South Main #202

Campus View

Peach Apartments

Harmony Woods

Harold Ford Senior Villas

Thompson Court Apartments

Edgewood Townhomes

April Woods

Serenity at Highland

Thompson Heights

Summit Park Apartments

Alpha Renaissance Apartments

Barron Court

Winbranch Apartments

Rivergrove

35 N Idlewild St

The Willows - Newly Renovated

Pineland Apartments

Cleaborn Pointe at Heritage Senior Apartments

Whitehaven Oaks Apartments

Crane Manor Apartments

Pershing Park Apartments

Camelot Manor

3609-3625 Forrest Cv
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 | $1,049 | $547 | $7,985 |
| Memphis 1 Bedroom Apartments | $1,151 | $450 | $2,842 |
| Memphis 2 Bedroom Apartments | $1,266 | $562 | $5,900 |
| Memphis 3 Bedroom Apartments | $1,712 | $600 | $4,085 |
| Memphis 4 Bedroom Apartments | $1,204 | $599 | $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 $641.
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 $1,694.
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 4,926 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 $1,099 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

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The Local Memphis Experts Guide to Renting Near the Citys Top Employers
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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.