
Cheap Apartments for Rent in Memphis, TN from $525 (660 Rentals) Page 5 of 14
Search the lowest-cost Apartments available for rent right now in Memphis.


The Flats @ Cooper Young

Cherokee Arms

Hunter Oaks Apartments

6415 Gillespie Rd

Canterbury Woods Apartments

Autumn Ridge Apartments

Conwood Flats Apartment Homes

MAA Kirby Station

Total Monthly Price
The Chisca

The Stella Apartments

Art Lofts @ Overton

Goodbar Townhomes

266 Lofts

Forrest Cove

Getwell Pointe Apartments

280 Vance Flats

Deerfield Apartments

1252 Harbert Ave

1710 Kirby Pkwy

Total Monthly Price
The Grove at Patterson

3243 Boone St

Total Monthly Price
2053 Linden Ave, Unit Apt 4

2053 Linden Ave, Unit 4

National Rose Co.

Arbors of Century Center

Legacy on Lynnfield - NEWLY UPGRADED

Iris Luxury Apartments

Madison Gardens Apartments

The Summereast Apartments

The Ellington at Kirby

Southern Place

Total Monthly Price
Merton Court

412 N Montgomery St

Total Monthly Price
Shelby Pointe Townhomes

3060 Southern Ave

1270 Chickamauga Ave

4627 Crystal Springs Dr

Village of Sycamore Ridge

Southern Grove

Overton Garden Apartments

Pressbox Lofts

Woodland Station Condos and Townhomes

2038 Southern Ave, Unit 2

Link Apartments® Broad Ave

Georgian Woods

240 Flats

The Linden

Evergreen Terrace
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 | $1,038 | $547 | $1,888 |
| Cheap Memphis 1 Bedroom Apartments | $1,117 | $495 | $3,312 |
| Cheap Memphis 2 Bedroom Apartments | $1,256 | $550 | $4,978 |
| Cheap Memphis 3 Bedroom Apartments | $1,629 | $575 | $4,109 |
| Cheap Memphis 4 Bedroom Apartments | $1,457 | $550 | $3,835 |
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 $617.
What is the price of a cheap apartment in Memphis?
The cheapest apartment in Memphis is 165 N Merton which is listed at $550, while the average apartment in Memphis costs $1,110.
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 4,971 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 $543 which is $567 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
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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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
