
Cheap Apartments for Rent in Memphis, TN from $525 (660 Rentals) Page 7 of 14
Search the lowest-cost Apartments available for rent right now in Memphis.


Lofts at Merchant Row

Southwind Lakes Apartments

Hollywood Square

4905 Shifri Ave

The Villas at Germantown Apartments

Total Monthly Price
The Wyndham Apartments

Island Park/Harbor Town Square

Dream Germantown

Highpoint at The Greenline

Total Monthly Price
The Residence - Bldg 25

114 N McLean Blvd

Arbors River Oaks Apartments

Bristol On Union Apartment Homes

Centennial Gardens

Furnished Studio-Memphis - Wolfchase Galleria

The Preserve at Forest Creek

537 Diana St, Unit 3

City Place at Germantown Apartments

The Oliver Luxury Apartments

Springs at Buckingham Farms

Sunridge Townhomes

Century Apartments

Total Monthly Price
The Flats at Overton

Parkview Apartments

Total Monthly Price
Urban Peddler

3604 Sunrise St

1396 Winfield Rd

Mississippi Court Apartments

411 Tillman St

Chicago Park Place Apartments

321 Pauline St

Pleasant View Apartments

Carriage House

Breezy Point Apartments

Whitney Manor Apartments

Ivy Chase Apartments

Addison 1 Apartments

Birchleaf Apartments

Valley Forge

Sterling Townhomes

Westwood Manor Elderly Cottages

Coronado Manor

Divine Properties Complex

2238 Howell Ave

3335 Henry Ave

Campus View

230 Cochran St

Peach Apartments

The Belle
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 |
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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 $1,112.
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 7,940 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 $570 which is $542 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
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Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
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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
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Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
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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.