
Cheap Apartments for Rent in Memphis, TN from $300 (681 Rentals) Page 8 of 14
Search the lowest-cost Apartments available for rent right now in Memphis.


Total Monthly Price
The Citizen Apartments

The Preserve at Forest Creek

Total Monthly Price
The Flats at Overton

Total Monthly Price
Urban Peddler

Parkview Apartments

4473 Cleopatra Cove N

Mississippi Court Apartments

411 Tillman St

Chicago Park Place Apartments

Chateau Kerr Apartments

321 Pauline St

Pleasant View Apartments

Carriage House

Breezy Point Apartments

Whitney Manor Apartments

Ivy Chase Apartments

Birchleaf Apartments

Addison 1 Apartments

Valley Forge

Sterling Townhomes

Westwood Manor Elderly Cottages

Divine Properties Complex

Coronado Manor

2238 Howell Ave

3335 Henry Ave

Campus View

230 Cochran St

Peach Apartments

The Belle

Cedar Creek Apartments

Cavelier Court Apartments

165 N Merton

Greenbriar Apartments

Harmony Woods

Harold Ford Senior Villas

Macon Manor North

Festival Square Apartments

Thompson Court Apartments

Maureen Manor Apartments

Rolling Hills Apartments

Cherry Gardens

Medical Center Apartments

Shady Oaks

1111 N Parkway

Beacon Manor

4455 Macon Rd

Trezevant Apartments

288 Leath St

Edgewood Townhomes
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
Written by: Joshua Carlucci
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
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.

College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
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.