
Cheap Apartments for Rent in Memphis, TN from $300 (652 Rentals) Page 10 of 14
Search the lowest-cost Apartments available for rent right now in Memphis.


Coves at Yale

Charter Oak Apartments and Townhomes

Crescent Bluff II

Countryside North Apartments

Crockett Park Place

Stone Ridge at Germantown Falls

1283 E Raines Rd

Belvedere Apartments

Cottonwood Apartments

BIRCHES TOWNHOMES

Fairway Manor Senior Living

Cooper-Young Apartments

The Vinton

Grainge Hill Apartments

Stonewall Park Apartments

Courtyard @ 1460 Monroe

Crescent Bluff

Monroe Flats

The Kendall

The Vue at Claudette Townhomes & Apartments

3523-3539 Clayphil Ave

Mason Homes on 4th

Glendale Park Apartments

Colonial Apartments

The Marie

University Highlands Apartments

Brister Place Apartments

Stonebrook Apartments

Almadura Apartments

Caprice

Urban Bayou Apartments

The Courts Midtown

The Villas at Willow Creek

Claridge House Condominiums

Pinewood Manor

Gramercy Park

Clearbrook Village - Newly Renovated

The Alma

Pontotoc Gardens

Madison East Apartments

The Embassy Apartments

32 Claybrook

2187 Court

Delmar-Lema Village

Greenlaw Apartments

Champaign Place

Creekwood Village Apartments

The Summit Apartments

Crescendo Apartments
Memphis, TN Local Guide

How much does it cost to rent an apartment in Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Memphis Studio Apartments | $1,046 | $547 | $7,985 |
| Cheap Memphis 1 Bedroom Apartments | $1,152 | $450 | $2,842 |
| Cheap Memphis 2 Bedroom Apartments | $1,267 | $562 | $5,900 |
| Cheap Memphis 3 Bedroom Apartments | $1,691 | $600 | $4,085 |
| Cheap Memphis 4 Bedroom Apartments | $1,316 | $599 | $2,640 |
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 $643.
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 $1,706.
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 4,930 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 $598 which is $1,108 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
Written by: Joshua Carlucci
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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I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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
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.
Articles, How-To's, and Tips

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.