
Cheap Apartments for Rent in Memphis, TN from $300 (592 Rentals) Page 5 of 12
Search the lowest-cost Apartments available for rent right now in Memphis.


Hollywood Square

The Commonwealth

Autumn Ridge Apartments

South Line at Central Station

South Junction Apartments

The Galloway @ Evergreen

The Flats @ Cooper Young

The Meridian Apartments

Emerald Square

Monarch on Highland

240 Flats

Belvedere Place

189 Barksdale

Twin Oaks

Element Apartments at Highland

MAA Kirby Station

The Meadows Apartments

The Summereast

The Park at Paisley

Madison Midtown

Chapel Place Homes

Legacy on Lynnfield - NEWLY UPGRADED

Riverset Apartments

Furnished Studio-Memphis - Cordova

Courtyard @ 1161 Poplar

Courtyard @ Ironworks

Greenline Apartments

Downtown Memphis Flats

412 N Montgomery St

33 N Rembert St

The Marine Residence

Madison Gardens Apartments

Broadmoor Apartments

Goodbar Townhomes

Peabody Falls Apartments

1162 Peabody Ave

The Melrose Midtown

628 Madison Ave

200 Stonewall St

Brookhaven Lofts

The Birches Apartment Homes

Furnished Studio-Memphis - Wolfchase Galleria
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 | $1,040 | $560 | $7,990 |
Cheap Memphis 1 Bedroom Apartments | $1,163 | $525 | $2,850 |
Cheap Memphis 2 Bedroom Apartments | $1,321 | $598 | $6,500 |
Cheap Memphis 3 Bedroom Apartments | $1,706 | $698 | $4,172 |
Cheap Memphis 4 Bedroom Apartments | $1,412 | $549 | $5,247 |
Browse Top Apartments in Memphis
See all Apartments in MemphisExplore Memphis
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 4015 Summer Ave which is listed at $550, while the average apartment in Memphis costs $3,610.
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 2,140 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 $502 which is $3,108 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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.