
Cheap Apartments for Rent in Memphis, TN from $300 (592 Rentals) Page 2 of 12
Search the lowest-cost Apartments available for rent right now in Memphis.


Jamesbridge

Regency at Raleigh

1493 Gaither St

Avery Park Apartments

Bridgeport Manor

Villages at Harrison Creek
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Rangepark Apartments

Highland Meadows Apartments

Lakeville Townhomes

3433 N Trezevant St, Unit 1

Uptown Square Apartments

Owens Place Townhomes

The District Apartments

Indigo Riverview

Oakwood Meadows Estates

1020 Boston St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Sycamore Lake

Courtyard @ Waring Park

Belvedere Gardens Condominiums

Central Gardens

The Bowery

180 Clark Pl
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Sutton at Shelby

Midtown Place

Summer Trace Apartments

Stone Ridge at Germantown Falls

Edge at Lakeview

Riverdale

Greenlaw Apartments

Azur Tower

Camelot Manor

Scenic Hills Apartments

Grainge Hill Apartments

Edgewater Apartments

Hickory Grove

Greenbrook at Shelby Farms

The Park at Hollyford

The Parkway

The Local Apartments

Champions Hills at Windyke

Azure Place Apartments

Stonebrook 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 | $1,040 | $560 | $7,990 |
Cheap Memphis 1 Bedroom Apartments | $1,163 | $525 | $2,850 |
Cheap Memphis 2 Bedroom Apartments | $1,321 | $598 | $6,500 |
Cheap Memphis 3 Bedroom Apartments | $1,706 | $698 | $4,172 |
Cheap Memphis 4 Bedroom Apartments | $1,412 | $549 | $5,247 |
Browse Top Apartments in Memphis
See all Apartments in MemphisExplore Memphis
Getting Around Memphis, TN
Walk Score®
50 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
50 / 100
Bikeable
Some bike infrastructure
Transit Score®
29 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $600.
What is the price of a cheap apartment in Memphis?
The cheapest apartment in Memphis is 4015 Summer Ave which is listed at $550, while the average apartment in Memphis costs $3,589.
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 2,168 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 $501 which is $3,088 cheaper than the average rent for all rentals in Memphis.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.