
Cheap Apartments for Rent in Memphis, TN from $300 with Washer/Dryer (308 Rentals) Page 6 of 7
Search the lowest-cost Apartments available for rent right now in Memphis.


Colonial Apartments

Jackson Heights Residential

Woodchase Apartments

Meadows West Memphis

Lincoln at Wolfchase

The Willows at Shelby Farms

Somerset at Lakeland

Stonebridge Crossing Apartments

The Vale Apartments and Townhomes

The View at Shelby Farms

The Crescent at 161

Trinity Lakes

The Landings at Houston Levee

Colonial Estates

Enclave at Wolfchase

Preserve at Bartlett

Park Place at Shelby Farms

The Luxe of Southaven

Dogwood Creek

Springs at Colonial

Southaven Pointe Apartments

North Creek Apartments

The Easton Apartment Homes

Foxhaven Apartments

Cordova Creek Apartments

Walnut Hill Apartments

Farmington Gates

The DeSoto

Civic Center West Apartments

Camden Grove Apartments

Goodman Manor Apartments

The Charleston

Southcrest Lake

Villas at Houston Levee East & West

Atlas at Goodlett Farms

Annandale Gardens Apartments

Avalon at Horn Lake

MAA Dexter Lake

The Trace at 161

Civic Center East Apartments

Bailey Creek Apartment Homes

The Bridges at Germantown Apartments

Irene Woods Apartments

Memphis Urban Apartments

Westview Apartments

Belvedere Apartments

Riverbend Apartments

The Ridge at West Memphis

Villas of West Memphis
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

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
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I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
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The Local Memphis Experts Guide to Renting Near the Citys Top Employers
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Memphis, Tennessee: A Local Experts Insider Guide to the Bluff City
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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.
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.