Cheap Apartments for Rent in Memphis, TN from $300 (570 Rentals) Page 4 of 12
Search the lowest-cost Apartments available for rent right now in Memphis.

Canterbury Woods Apartments

Landings At Winchester

Timberline Flats

Kings Reserve Memphis

The Ellington at Kirby

Studio Rasa

High Point Apartments

Exchange Building

The Chisca

528 East Dr

Champions Hills at Windyke

Bonsai at Central Gardens

280 Vance Flats

Brentwood Apartments

Deerfield Apartments

2775 The Springs Ct, Unit 2777

National Rose Co.

Link Apartments® Broad Ave

Lakes at Epping Way

Emerald Pointe

Ridgeway Commons Townhomes

Mendenhall Gardens

Arbors of Century Center

Georgian Woods

Autumn Ridge Apartments

Addison Apartments III

Hollywood Square

1442 Vance Ave

240 Flats

Art Lofts @ Overton

The Flats @ Cooper Young

Emerald Square

South Junction Apartments

The Galloway @ Evergreen

The Melrose Midtown

South Line at Central Station

Belvedere Place

189 Barksdale

Ashland Lakes Apartment Homes

Element Apartments at Highland

The Meadows Apartments

The Park at Paisley
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 | $1,222 | $560 | $7,990 |
Cheap Memphis 1 Bedroom Apartments | $1,295 | $200 | $5,450 |
Cheap Memphis 2 Bedroom Apartments | $1,422 | $500 | $7,886 |
Cheap Memphis 3 Bedroom Apartments | $1,811 | $698 | $8,039 |
Cheap Memphis 4 Bedroom Apartments | $1,495 | $549 | $4,770 |
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 $600.
What is the price of a cheap apartment in Memphis?
The cheapest apartment in Memphis is Timber Pines Apartments which is listed at $500, while the average apartment in Memphis costs $3,629.
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 1,795 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 $483 which is $3,146 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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.