New Apartments for Rent in Memphis, TN Under $4,700 (80 Rentals) Page 2 of 2

Villages at Shelby Station

Lakeview at Germantown
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

The Provost

Silo Lofts

The Water Tower District at Schilling Farms

The Westerly at Union Depot

Grays Creek Apartments

Lakeland Town Square

Velo Shelby Farms

Tapestry Forest Creek

Irene Woods Apartments

Springs at Colonial

The Charleston

Barton Court Apartments

HarborChase of Cordova - A 55+ Community

The Residences at Thornwood

Market Row Lofts at Thornwood

Meridian Park Apartments

Lakeland Town Square Phase II

Millington Flats
Memphis, TN Local Guide

How much does it cost to rent an apartment in Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Memphis Studio Apartments | $1,013 | $200 | $1,888 |
| Memphis 1 Bedroom Apartments | $1,156 | $485 | $2,880 |
| Memphis 2 Bedroom Apartments | $1,298 | $595 | $5,900 |
| Memphis 3 Bedroom Apartments | $1,669 | $675 | $5,245 |
| Memphis 4 Bedroom Apartments | $1,494 | $599 | $4,858 |
Explore Memphis
Getting Around Memphis, TN
Walk Score®
50 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
50 / 100
Bikeable
Some bike infrastructure
Transit Score®
29 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about New Memphis Apartments
What is the Cheapest New apartment in Memphis?
Currently the most affordable New Apartment in Memphis is at Student Lofts at Brister listed at $650.
How much is the average rent for a New Memphis Apartment?
The average rent for a New Apartment in Memphis is $1,681.
What is the largest New Memphis Apartment for rent?
Today's New apartment with the most square footage in Memphis is a 2,295 square feet unit starting from $1,400 at The Oliver Luxury Apartments.
What is the average size for Memphis New Apartments for rent?
The average size for a New rental in Memphis is currently at 603 sq ft.
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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!









