
Cheap Apartments for Rent in Memphis, TN from $300 (610 Rentals) Page 3 of 13
Search the lowest-cost Apartments available for rent right now in Memphis.


Kimbrough Towers

Village Square

The Park at New Castle

3193 Forest Glen St

The Park at Hollyford

The Local Apartments

University Crossings

Macon Manor

The Bowery

The Stella Apartments

3034-3036 Sinclair St

The Bonsai at Central Gardens

Hickory Farms

Hickory Pointe

Ridgeway Pines

Crossings at Fox Meadows

Parkway Place Apartments

Brentwood Apartments

Peabody Place

Graceland Flats – Modern Living in the Heart of Whitehaven

The Tower at Kent

The Nova Apartments

The Brooklyn Memphis

Emerald Pointe-New

Helix at the District

The Elevation at Autumn Ridge

The Gilmore Apartments

Ruby Oaks Apartments

1032 N Evergreen St

Colonial Village Apartments

Courtyard @ Waring Park

The Meridian Apartments

Linden Yards Apartments

The Franklin

Getwell Pointe Apartments

Hunter Oaks Apartments

South Main Artspace Lofts

Stonewall Apartments

Den Apartments

Tranquility at Hickory Hill Senior Apartments

Bickford Square 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 | $1,029 | $560 | $1,888 |
| Cheap Memphis 1 Bedroom Apartments | $1,157 | $485 | $2,880 |
| Cheap Memphis 2 Bedroom Apartments | $1,301 | $595 | $5,900 |
| Cheap Memphis 3 Bedroom Apartments | $1,673 | $675 | $6,515 |
| Cheap Memphis 4 Bedroom Apartments | $1,491 | $599 | $4,283 |
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 $625.
What is the price of a cheap apartment in Memphis?
The cheapest apartment in Memphis is Coronado Manor which is listed at $500, while the average apartment in Memphis costs $2,345.
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 4,821 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 $573 which is $1,772 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.
Articles, How-To's, and Tips

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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.







