
Cheap Apartments for Rent in Memphis, TN from $300 (681 Rentals) Page 3 of 14
Search the lowest-cost Apartments available for rent right now in Memphis.


Cedar Run

Epping Way

Greenbrook at Shelby Farms

Riverdale

Edge at Lakeview

The Park at Hollyford

Lexington Apartments

Imperial Arms Apartments

Woodtrail Apartment
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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.

Graham Square Apartments

1751 Bismark St

2395 Avery Ave

1659 Southern Ave

3089 Waynoka Ave

2144 Henry Cir

750 Patterson St

566 Burlington Cir

806 Maury St

Azur Tower
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.

The Canopy 2200

Covington Hills

Hickory Farms

3334 Southern Ave

The Park at New Castle

Cedarwood Apartments

Kings Reserve Memphis

The Sylvia

The Drew

Getwell Pointe Apartments

The Boulevard

The Gilmore Apartments

Greenline Apartments

Studio Rasa - Bldg 1030

Mendenhall Gardens

Macon Manor

Pendleton Court

Summerwood

1235 Vinton Ave

Parkside Poplar Apartments

Shadowbrook Townhomes

3476 Spottswood Ave

The Nova Apartments

Indigo Riverview

MAA Southwind

The Stella Apartments

1778 Brown Ave

The Bonsai at Central Gardens

Hawthorne on Adams Apartments

1753 Bismark St
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 | $1,089 | $547 | $7,985 |
| Cheap Memphis 1 Bedroom Apartments | $1,154 | $525 | $2,813 |
| Cheap Memphis 2 Bedroom Apartments | $1,276 | $610 | $5,105 |
| Cheap Memphis 3 Bedroom Apartments | $1,685 | $550 | $4,110 |
| Cheap Memphis 4 Bedroom Apartments | $1,424 | $550 | $2,560 |
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 El Dorado which is listed at $547, while the average apartment in Memphis costs $1,118.
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 4,315 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 $574 which is $544 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.
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Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
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First Apartment Regrets: Real Renters Share What They'd Do Differently
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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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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.