
Cheap Apartments for Rent in Memphis, TN from $300 (609 Rentals) Page 3 of 13
Search the lowest-cost Apartments available for rent right now in Memphis.


The Park at Hollyford

The Parkway

The Local Apartments

The Brooklyn Memphis

Total Monthly Price
University Crossings

Greenbrook at Shelby Farms

Audubon Downs

The Stella Apartments

The Flats @ Cooper Young

Macon Manor

1032 N Evergreen St

Shadowbrook Townhomes

Azure Place Apartments

The Park at New Castle

The Nova Apartments

The Gilmore Apartments

3034-3036 Sinclair St

The Bonsai at Central Gardens

Hickory Farms

Hickory Pointe

Ridgeway Pines

Crossings at Fox Meadows

Woodtrail Apartment

Parkway Place Apartments

Graceland Flats – Modern Living in the Heart of Whitehaven

Evergreen Terrace

Brentwood Apartments

The Biltmore - McAlpin Apartments

Peabody Place

The Tower at Kent

1916 Felix Ave

3656 Kearney Ave

Total Monthly Price
2012 Harbert Ave, Unit #2

Emerald Pointe

Riverdale

The Elevation at Autumn Ridge

Helix at the District - Utilities Included

Park at Forest Hill

Ruby Oaks Apartments

Central Gardens

Colonial Village Apartments

Mendenhall Gardens

Imperial Arms Apartments

1988-1990 Walker Ave

2879 Beverly Hill St

Fielder Square

Linden Yards Apartments

Total Monthly Price
Cherokee Arms

Hunter Oaks 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 | $1,059 | $547 | $7,990 |
| Cheap Memphis 1 Bedroom Apartments | $1,159 | $485 | $2,880 |
| Cheap Memphis 2 Bedroom Apartments | $1,292 | $495 | $5,900 |
| Cheap Memphis 3 Bedroom Apartments | $1,645 | $675 | $9,077 |
| Cheap Memphis 4 Bedroom Apartments | $1,515 | $645 | $6,731 |
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 Redwood Estates Mobile Home Community which is listed at $485, while the average apartment in Memphis costs $2,591.
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 5,650 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 $572 which is $2,019 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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.