Cheap Apartments for Rent in Memphis, TN from $300 (607 Rentals)Page 3 of 13
Cheap Apartments in Memphis.

Cedarwood Apartments

The Stella Apartments

Parkway Place Apartments

Brentwood Apartments

628 Madison Ave

Parkside Poplar Apartments

2291 Monroe Ave, Unit 2291 Monroe Ave.

151 N Belvedere Blvd

The Nova Apartments

Azure Place Apartments

Ruby Oaks Apartments

Cedar Run Apartments

The Local Apartments

3614 Forest Ave

Crescendo Apartments

Highland Chateau

Linden Yards Apartments

Crossings at Fox Meadows

Hunter Oaks Apartments

1478 Oriole St

Azur Tower

Bickford Square Apartments

129 Stonewall St

3180 Crump Ave

820 Maury St

Tanglewood

Eleven60

2718 Claudette Rd

528 East Dr

2367 Forest Ave

Imperial Arms Apartments

Faronia Square

Kings Reserve Memphis

1379 Ferguson Rd

Landings At Winchester

Canterbury Woods Apartments

3843 University 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 | $1,193 | $560 | $8,000 |
Cheap Memphis 1 Bedroom Apartments | $1,300 | $525 | $6,973 |
Cheap Memphis 2 Bedroom Apartments | $1,456 | $499 | $6,512 |
Cheap Memphis 3 Bedroom Apartments | $1,834 | $740 | $7,578 |
Cheap Memphis 4 Bedroom Apartments | $2,025 | $599 | $6,940 |
Browse Top Apartments in Memphis
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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 $649.
What is the price of a cheap apartment in Memphis?
The cheapest apartment in Memphis is New Horizon - Kingsgate which is listed at $587, while the average apartment in Memphis costs $3,868.
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 3,294 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 $516 which is $3,352 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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.