
Cheap Apartments for Rent in Memphis, TN from $300 (681 Rentals) Page 7 of 14
Search the lowest-cost Apartments available for rent right now in Memphis.


Total Monthly Price
The Midtowner

Poplar Place Townhomes

2947 Carnes Ave

354 Williford St

Total Monthly Price
Riverset Apartments

The Roxbury

Downtown Memphis Flats

Wilson Townhomes

The Birches Apartment Homes

Kiwi Goji

Harbor Side at Conwood Flats Apartments

Madison at McLean

1372 Orgill Ave

44 N Belvedere Blvd

Total Monthly Price
2096 Court Ave, Unit 1

Tillman Cove

Southwind Lakes Apartments

Crescent at Wolfchase Apartment Homes

3355 Fairbanks St

The Villas at Germantown Apartments

Number 10 Main

The Tennessee Brewery Apartments

Hedgerow Apartments

1203 Latham St, Unit 1

Springs at Buckingham Farms

The Local Apartments

Dream Germantown

3729 Village Oak Cove

Total Monthly Price
The Wyndham Apartments

Highland Row

Total Monthly Price
The Residence - Bldg 25

Bank Flats Apartments

Highpoint at The Greenline

Sunridge Townhomes

5660 Pathway Cir

1060 Salem St

Bristol On Union Apartment Homes

Furnished Studio-Memphis - Wolfchase Galleria

Arbors River Oaks Apartments

Total Monthly Price
The Rise Apartments

Centennial Gardens

The Oliver Luxury Apartments

Fieldstone

5057 Gill Rd

Miller Creek at Germantown Apartments

The Commonwealth

Pressbox Lofts

1228 Harbert Ave

3052 Capri St
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 | $1,089 | $547 | $7,985 |
| Cheap Memphis 1 Bedroom Apartments | $1,154 | $525 | $2,813 |
| Cheap Memphis 2 Bedroom Apartments | $1,276 | $610 | $5,105 |
| Cheap Memphis 3 Bedroom Apartments | $1,685 | $550 | $4,110 |
| Cheap Memphis 4 Bedroom Apartments | $1,424 | $550 | $2,560 |
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 $625.
What is the price of a cheap apartment in Memphis?
The cheapest apartment in Memphis is El Dorado which is listed at $547, while the average apartment in Memphis costs $1,118.
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 4,315 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 $574 which is $544 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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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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College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
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Affordable Memphis: The Best Lower Priced Neighborhoods with Character
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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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
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.