
Cheap Apartments for Rent in Memphis, TN from $300 (619 Rentals) Page 7 of 13
Search the lowest-cost Apartments available for rent right now in Memphis.


The Shift Residences- East Memphis

Sunridge Townhomes

The Meridian Apartments

Highpoint at The Greenline

3736 Cambridge Station Dr

149 N Barksdale St, Unit 100

Centennial Gardens

The Citizen Apartments

44 N Belvedere Blvd

The Villas at Germantown Apartments

The Rise Apartments

ReNew Bartlett Village

Highland Row

Bristol On Union Apartment Homes

4911 Shifri Ave, Unit 2

The Flats at Overton

Parkview Apartments

3394 Pine Ridge Ln, Unit 1530 Hamilton st

Mississippi Court Apartments

411 Tillman St

Chicago Park Place Apartments

Watkins Manor

321 Pauline St

Pleasant View Apartments

Carriage House

Breezy Point Apartments

Rehab/QCT

Whitney Manor Apartments

Ivy Chase Apartments

Addison 1 Apartments

Birchleaf Apartments

Valley Forge

Sterling Townhomes

Westwood Manor Elderly Cottages

Dogwood Trace

Coronado Manor

2238 Howell Ave

Divine Properties Complex

3335 Henry Ave

Bridgeport Manor

Campus View

230 Cochran St

The Belle

Peach Apartments

Cedar Creek Apartments

Cavelier Court Apartments

Greenbriar Apartments

165 N Merton

Harmony Woods
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 |
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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.