
Cheap Apartments for Rent in Memphis, TN from $300 (652 Rentals) Page 3 of 14
Search the lowest-cost Apartments available for rent right now in Memphis.


Edge at Lakeview

Oakwood Meadows Estates

Greenbrook at Shelby Farms

Imperial Arms Apartments

Woodtrail Apartment

The Park at Hollyford

3604 Douglass Ave

2395 Avery Ave

806 Maury St

1536 Tutwiler Ave

331 W Dison Ave

1379 Ferguson Rd

139 N Claybrook St

Azur Tower

The Canopy 2200

Macon Crossing Apartments

Hickory Farms

Covington Hills

The Park at New Castle

The Drew

The Sylvia

1137 Whitaker Dr, Unit Garden View - 1 Bedroom

The Boulevard

The Nova Apartments

The Local Apartments

The Gilmore Apartments

2565 Peres Ave

Azure Place Apartments

Greenline Apartments

Summerwood

Macon Manor

Graham Square Apartments

Pendleton Court

Parkside Poplar Apartments

1417 Rayner St

1235 Vinton Ave

1278-1280 Saxon Ave

Shadowbrook Townhomes

Cedar Run

The Brooklyn Memphis

Sherwood Flats

The Bonsai at Central Gardens

273 Gaston Ave

1304-1306 Snowden Ave

821 Maury St

Aspen Parc

Total Monthly Price
Holmes Pointe Apartments

Parkway Place 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 | $1,046 | $547 | $7,985 |
| Cheap Memphis 1 Bedroom Apartments | $1,152 | $450 | $2,842 |
| Cheap Memphis 2 Bedroom Apartments | $1,267 | $562 | $5,900 |
| Cheap Memphis 3 Bedroom Apartments | $1,691 | $600 | $4,085 |
| Cheap Memphis 4 Bedroom Apartments | $1,316 | $599 | $2,640 |
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 $643.
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
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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

Memphis, Tennessee: A Local Experts 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.
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.
