
Cheap Apartments for Rent in Memphis, TN from $500 with Washer/Dryer (314 Rentals) Page 4 of 7
Search the lowest-cost Apartments available for rent right now in Memphis.


Wilson Townhomes

The Westbury

Harbor Side at Conwood Flats Apartments

Madison at McLean

Total Monthly Price
2096 Court Ave, Unit 1

2102 Hubert Ave

Tillman Cove

Dream Germantown

Waterford Place Apartment Homes

Fieldstone

Sunridge Townhomes

Poplar Place Townhomes

Hedgerow Apartments

Lofts at Merchant Row

Southwind Lakes Apartments

Island Park/Harbor Town Square

4905 Shifri Ave

The Villas at Germantown Apartments

Total Monthly Price
The Wyndham Apartments

Crescent at Wolfchase Apartment Homes

Highpoint at The Greenline

Total Monthly Price
The Residence - Bldg 25

The Preserve at Forest Creek

Arbors River Oaks Apartments

Bristol On Union Apartment Homes

Centennial Gardens

Springs at Buckingham Farms

The Melrose Midtown

Total Monthly Price
The Flats at Overton

Century Apartments

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

Winbranch Apartments

Brister Apartments

35 N Idlewild St

The Willows - Newly Renovated

Pineland Apartments

Urban Bayou Apartments

Whitehaven Oaks Apartments

Crane Manor Apartments

Pershing Park 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 | $1,031 | $547 | $1,888 |
| Memphis 1 Bedroom Apartments | $1,130 | $525 | $3,309 |
| Memphis 2 Bedroom Apartments | $1,261 | $550 | $4,978 |
| Memphis 3 Bedroom Apartments | $1,644 | $550 | $4,049 |
| Memphis 4 Bedroom Apartments | $1,167 | $550 | $7,801 |
Browse Top Apartments in Memphis
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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 $605.
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 $1,106.
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 5,529 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 $554 which is $552 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
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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.