
Cheap Apartments for Rent in Memphis, TN from $300 (652 Rentals) Page 12 of 14
Search the lowest-cost Apartments available for rent right now in Memphis.


Van Vleet Flats

The Edge of Germantown

Burkle and Main

2nd Street Flats

Madison Shelby Farms

50 Peabody Place

Downtown Studio Suites- All Included

Hunt-Phelan Apartments

Rayner House Apartments

Tucker Place

Stonerose

99 Front Apartments

Pembroke Square Apartments

Levi Landing

Lowenstein

The Avalon

Downtown YMCA Lofts

2246 Vinton Ave

Colonial Apartments

Woodland Station Condos

Sonesta Simply Suites Memphis - Extended Stay

2097 Sharon Ln

Parkway Arms Apartments

Jackson Heights Residential

162 Poplar Lake Dr

64 Maple Lake Cove

Woodchase Apartments

Meadows West Memphis

Barton Court Apartments

Bent Creek Apartments

206 Sycamore Lake Dr

57 Lakeshore Dr

43 Cedar Lake Dr

Lincoln at Wolfchase

The Willows at Shelby Farms

Park Place at Shelby Farms

Somerset at Lakeland

Weatherstone Apartments

The Vale Apartments and Townhomes

Stonebridge Crossing Apartments

The View at Shelby Farms

Trinity Lakes

The Landings at Houston Levee

Colonial Estates

Enclave at Wolfchase

Rock Creek Apartments

The Crescent at 161

The Luxe of Southaven

Dogwood Creek
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 | $1,047 | $547 | $7,985 |
| Cheap Memphis 1 Bedroom Apartments | $1,151 | $450 | $2,842 |
| Cheap Memphis 2 Bedroom Apartments | $1,266 | $562 | $5,900 |
| Cheap Memphis 3 Bedroom Apartments | $1,687 | $600 | $4,085 |
| Cheap Memphis 4 Bedroom Apartments | $1,316 | $599 | $2,640 |
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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 $634.
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
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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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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.