
Cheap Apartments for Rent in Memphis, TN from $300 with Washer/Dryer (307 Rentals) Page 5 of 7
Search the lowest-cost Apartments available for rent right now in Memphis.


Pershing Park Apartments

University Highlands

Camelot Manor

3609-3625 Forrest Cv

The Summit Apartments

Carnes Manor

Southern Place West

Verano Townhomes

Lakeville Townhomes

Melrose Place Apartments

Barron Court

Belvedere Gardens Condominiums

Charter Oak Apartments and Townhomes

Crescent Bluff

Lamar Crossing

Crockett Park Place

Countryside North Apartments

Cottonwood Apartments

The Marie

Stonebrook Apartments

Caprice

Urban Bayou Apartments

The Villas at Willow Creek

Cedar Run Apartments

The Courts Midtown

Clearbrook Village - Newly Renovated

Graham Square Apartments

The Alma

Pontotoc Gardens

Creekwood Village Apartments

Looney Apartments

Bartlett Crossing

Lyons Ridge Apartments

Uptown Flats

Forum Flats

Jefferson Place

Faulkner Court Apartments

Austin Park Place Apartments

Addison Apartments III

Cane Creek Apartments

Radio Center Flats

Gramercy Park

Main Street Flats

Chapel Place Homes

Poplar Pines Apartments

Shelby Grove

The Edge of Germantown

Van Vleet Flats

The Wyndham 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 | $1,059 | $560 | $7,990 |
| Memphis 1 Bedroom Apartments | $1,163 | $485 | $2,850 |
| Memphis 2 Bedroom Apartments | $1,309 | $495 | $4,900 |
| Memphis 3 Bedroom Apartments | $1,765 | $675 | $6,024 |
| Memphis 4 Bedroom Apartments | $1,451 | $650 | $6,166 |
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 $614.
What is the price of a cheap apartment in Memphis?
The cheapest apartment in Memphis is Redwood Estates Mobile Home Community which is listed at $485, while the average apartment in Memphis costs $2,507.
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 5,677 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 $542 which is $1,965 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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.