
Cheap Apartments for Rent in Memphis, TN from $300 (610 Rentals) Page 4 of 13
Search the lowest-cost Apartments available for rent right now in Memphis.


1202-1204 Tutwiler Ave

605 Patterson St

Eleven60

Holmes Pointe Apartments

Macon Crossing Apartments

Faronia Square

Belvedere Place

The Biltmore - McAlpin Apartments

Imperial Arms Apartments

1751 Bismark St

1753 Bismark St

2092 Jefferson Ave

Faulkner Court Apartments

The Ellington at Kirby

Landings At Winchester

Timberline Flats

Canterbury Woods Apartments

MAA Southwind

Hickory Forest

Exchange Building

Studio Rasa

The Flats @ Cooper Young

528 East Dr

The Chisca

Park at Forest Hill

Southwind Lakes Apartments

Conwood Flats Apartment Homes

Lofts at Union Alley

Fielder Square

837 Candace Dr

Deerfield Apartments

Peabody Falls Apartments

National Rose Co.

Highland Row

900 Brower St

Madison Gardens Apartments

Overton Garden Apartments

Central Gardens

Hedgerow Apartments

Ridgeway Commons Townhomes

Mendenhall Gardens

Cromwell Park 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 | $1,029 | $560 | $1,888 |
| Cheap Memphis 1 Bedroom Apartments | $1,157 | $485 | $2,880 |
| Cheap Memphis 2 Bedroom Apartments | $1,301 | $595 | $5,900 |
| Cheap Memphis 3 Bedroom Apartments | $1,673 | $675 | $6,515 |
| Cheap Memphis 4 Bedroom Apartments | $1,491 | $599 | $4,283 |
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 Coronado Manor which is listed at $500, while the average apartment in Memphis costs $2,345.
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 4,821 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 $573 which is $1,772 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.

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.






