
Cheap Apartments for Rent in Memphis, TN from $300 (619 Rentals) Page 6 of 13
Search the lowest-cost Apartments available for rent right now in Memphis.


The Courtyard at Ironworks

Fairfax Manor Townhomes

5572 Lochinvar Dr

1265-2167 Union Ave

3434 Spottswood Ave

696 Hobbs Dr

1931 Mignon Ave

3881-3883 Jasmine Dr

Chambliss Village Townhomes

Wilson Crossing Townhomes: Your Spacious, Two-Story Home in Whitehaven, Memphis!

The Galloway @ Evergreen

Pressbox Lofts

Poplar Place Townhomes

200 Stonewall St

628 Madison Ave

Total Monthly Price
2098 Court Ave, Unit 2098 Upper Unit, Unit 2098 Upper Unit

The Midtowner

Fieldstone

The Westbury

Downtown Memphis Flats

The Landing Residences

Link Apartments® Broad Ave

Harbor Side at Conwood Flats Apartments

Kiwi Goji

Century Apartments

Hollywood Square

Madison at McLean

The Birches Apartment Homes

3752 Cambridge Station Dr

Total Monthly Price
699 N 5th St, Unit 2, Unit 2

3203 Aden St

Springs at Buckingham Farms

Crescent at Wolfchase Apartment Homes

1162 Peabody Ave

The Preserve at Forest Creek

2038 Southern Ave, Unit 3

The Roxbury

MONTICELLO

Overton Garden Apartments

The Residence

The Midline Apartments

216 N Hollywood St

88 N Willett St, Unit #3, Unit #3

1040 S Highland St

Total Monthly Price
Riverset Apartments

The Wyndham Apartments

Waterford Place Apartment Homes

Total Monthly Price
The Marine Residence

The Franklin
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 | $1,059 | $547 | $7,985 |
| Cheap Memphis 1 Bedroom Apartments | $1,162 | $525 | $2,839 |
| Cheap Memphis 2 Bedroom Apartments | $1,285 | $550 | $4,900 |
| Cheap Memphis 3 Bedroom Apartments | $1,714 | $715 | $7,072 |
| Cheap Memphis 4 Bedroom Apartments | $1,319 | $640 | $2,690 |
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 $612.
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 $1,722.
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 5,408 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 $588 which is $1,134 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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.