
Cheap Apartments for Rent in Memphis, TN from $300 (652 Rentals) Page 6 of 14
Search the lowest-cost Apartments available for rent right now in Memphis.


Total Monthly Price
Court Square Apartments

266 Lofts

Redwood Estates Mobile Home Community

Belvedere Place

Highland Hills

Total Monthly Price
641 S Rembert St, Unit 641

159 N Belvedere Blvd, Unit 1

Tillman Cove

Harbor Side at Conwood Flats Apartments

The Summereast

The Meadows Apartments

Total Monthly Price
Shelby Pointe Townhomes

Link Apartments® Broad Ave

Madison Midtown

Legacy on Lynnfield - NEWLY UPGRADED

MONTICELLO

The Glen Townhomes

The Tennessee Brewery Apartments

2098 Court Ave, Unit Apt. 2

1161 Poplar

Evergreen Terrace

The Courtyard at Ironworks

628 Madison Ave

1549 Patton St

412 N Montgomery St

109 N Main St

Fielder Square

3203 Aden St

Fairfax Manor Townhomes

Chambliss Village Townhomes

Wilson Townhomes

Waterford Place Apartment Homes

The Galloway @ Evergreen

2054 Benford St

3472 Hadley Rd

The Midtowner

200 Stonewall St

Total Monthly Price
699 N 5th St, Unit 2

2947 Carnes Ave

Total Monthly Price
Riverset Apartments

Park at Forest Hill

The Roxbury

The Franklin

Downtown Memphis Flats

670 Madison Ave

Springs at Buckingham Farms

Madison at McLean

Southwind Lakes Apartments

44 N Belvedere Blvd
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 | $1,046 | $547 | $7,985 |
| Cheap Memphis 1 Bedroom Apartments | $1,152 | $450 | $2,842 |
| Cheap Memphis 2 Bedroom Apartments | $1,267 | $562 | $5,900 |
| Cheap Memphis 3 Bedroom Apartments | $1,691 | $600 | $4,085 |
| Cheap Memphis 4 Bedroom Apartments | $1,316 | $599 | $2,640 |
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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 $643.
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 $1,706.
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 4,930 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 $598 which is $1,108 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.
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Articles, How-To's, and Tips

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.