
Cheap Apartments for Rent in Memphis, TN from $525 (661 Rentals) Page 12 of 14
Search the lowest-cost Apartments available for rent right now in Memphis.


Raleigh Court Townhomes

Chapel Place Homes

Cornerstone Flats

Cgient Properties LLC-3

The Courtyard at Ironworks

99 Front Apartments

The Edge of Germantown

Poplar Pines

Shelby Grove Apartments

200 Stonewall St

226 N McNeil St

Van Vleet Flats

Reese Road Apartments

2nd Street Flats

1162 Peabody Ave

Downtown Studio Suites- All Included

Tucker Place

Rayner House Apartments

Stonerose Apartments, Bldg 100

Hunt-Phelan Apartments

Levi Landing

Lowenstein

Pembroke Square Apartments

The Shift Residences- East Memphis

Downtown YMCA Lofts

The Avalon

Bank Flats Apartments

2246 Vinton Ave

Colonial Apartments

50 Peabody Place

Sonesta Simply Suites Memphis - Extended Stay

Parkway Arms Apartments

2097 Sharon Ln

New Frontier

Jackson Heights Residential

Riverbend Apartments

200 Lakeshore Dr

64 Maple Lake Cove

Woodchase Apartments

Barton Court Apartments

Park Place at Shelby Farms

Meadows West Memphis

Bent Creek Apartments

25 S Morrison Cove

Lincoln at Wolfchase

57 Lakeshore Dr

43 Cedar Lake Dr

The Landings at Houston Levee

The Willows at Shelby Farms
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 | $1,038 | $547 | $1,888 |
| Cheap Memphis 1 Bedroom Apartments | $1,117 | $495 | $3,312 |
| Cheap Memphis 2 Bedroom Apartments | $1,256 | $550 | $4,978 |
| Cheap Memphis 3 Bedroom Apartments | $1,629 | $575 | $4,109 |
| Cheap Memphis 4 Bedroom Apartments | $1,457 | $550 | $3,835 |
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 $612.
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 $1,112.
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 7,940 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 $570 which is $542 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
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.

The Local Memphis Expert's Guide to Renting Near the Citys Top Employers
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I'm Josh, your ApartmentHomeLiving.

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.

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
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.