
Cheap Apartments for Rent in Memphis, TN from $300 (652 Rentals) Page 8 of 14
Search the lowest-cost Apartments available for rent right now in Memphis.


Ivy Chase Apartments

Birchleaf Apartments

Valley Forge

Sterling Townhomes

Westwood Manor Elderly Cottages

Coronado Manor

2238 Howell Ave

Divine Properties Complex

3335 Henry Ave

Campus View

230 Cochran St

Peach Apartments

The Belle

Cedar Creek Apartments

Cavelier Court Apartments

Greenbriar Apartments

165 N Merton

Harmony Woods

Harold Ford Senior Villas

Macon Manor North

Festival Square Apartments

Maureen Manor Apartments

Thompson Court Apartments

Rolling Hills Apartments

Cherry Gardens

Medical Center Apartments

Shady Oaks

Beacon Manor

4455 Macon Rd

Trezevant Apartments

Edgewood Townhomes

288 Leath St

Camellia - Magnolia Gardens Apartments

April Woods

Timber Pines Apartments

Thompson Heights

Elite Living Residence

2086 Hubert Ave

1277 Airways Blvd

3969 Southlawn Ave

Serenity at Highland

Presidential West Apartments

Summit Park Apartments

2309 Warren St

Willie Mitchell Apartments

SoMa 23

River City Heights Townhomes

Alpha Renaissance Apartments

Barron Court
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 |
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 $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.
Helpful Local Expert Guides

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

College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
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The Local Memphis Experts Guide to Renting Near the Citys Top Employers
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Memphis, Tennessee: A Local Experts 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.
Articles, How-To's, and Tips

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
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.