
Cheap Apartments for Rent in Memphis, TN from $300 (681 Rentals) Page 5 of 14
Search the lowest-cost Apartments available for rent right now in Memphis.


Faronia Square

The Galloway @ Evergreen

45-47 N Humes St

528 East Dr

1304-1306 Snowden Ave

Total Monthly Price
Faulkner Court Apartments

Timberline Flats

Landings At Winchester

Autumn Ridge Apartments

Hickory Forest

Hunter Oaks Apartments

Cherokee Arms

The Flats @ Cooper Young

The Biltmore - McAlpin Apartments

Canterbury Woods Apartments

Conwood Flats Apartment Homes

Fielder Square

The Franklin

Total Monthly Price
The Chisca

Link Apartments® Broad Ave

Art Lofts @ Overton

Total Monthly Price
The Grove at Patterson - Bldg 592

1261 Central Ave

1741 Edward Ave

Parkway Place Apartments

280 Vance Flats

Forrest Cove

Goodbar Townhomes

Deerfield Apartments

5151 Corkwood Dr

729 Blackstone Ln

National Rose Co.

Arbors of Century Center

Madison Gardens Apartments

The Summereast Apartments

4315 Mountain Terrace St

High Point Terrace Apartments

Total Monthly Price
Merton Court

Abington

Southern Place

412 N Montgomery St

Total Monthly Price
Shelby Pointe Townhomes

The Ellington at Kirby

1954 Manila Ave

Southern Grove

1549 Patton St

3434 Spottswood Ave

4271 Coventry Dr

2587 Wellons Ave
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 | $1,089 | $547 | $7,985 |
| Cheap Memphis 1 Bedroom Apartments | $1,154 | $525 | $2,813 |
| Cheap Memphis 2 Bedroom Apartments | $1,276 | $610 | $5,105 |
| Cheap Memphis 3 Bedroom Apartments | $1,685 | $550 | $4,110 |
| Cheap Memphis 4 Bedroom Apartments | $1,424 | $550 | $2,560 |
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 El Dorado which is listed at $547, while the average apartment in Memphis costs $1,118.
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 4,315 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 $574 which is $544 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.
Helpful Local Expert Guides

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
Written by: Joshua Carlucci
Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.

The Local Memphis Expert's Guide to Renting Near the Citys Top Employers
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.

College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.