
Cheap Condos for Rent in Memphis, TN from $550 (57 Rentals)
Search the lowest-cost Condos available for rent right now in Memphis.


24 W Colorado Ave

1379 Ferguson Rd

1111 North Pkwy

3042 McAdoo Ave

820 Maury St

525 N Waldran Blvd

3563 Southern Ave, Unit 21

859 Carson St

1111 N Holmes St
Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
Moving to the Bluff City? Get the insider’s guide on Memphis life, from specific neighborhood personalities and current average rent, to the best barbecue and live music spots.

1716 Combs St, Unit B

3646 Spottswood Ave, Unit #1

1457 Cooper St

5654 Encino Cv, Unit 5654 Encino

1639 Southern Ave

682 Boston St, Unit 1 - 682

2187 Court Ave

3453 Southern Ave, Unit 102

3449 Southern Ave, Unit 3449 - 202

3453 Southern Ave, Unit 201
Exploring Rental Options: Apartments, Townhomes, and Lofts—Oh My!
Looking for the perfect rental? From apartments and condos to lofts and single family rentals, explore the unique pros and cons of each rental type to help you land in your perfect new place.

3453 Southern Ave, Unit 202

3453 Southern Ave, Unit 101

2360 Forest Ave

1365 Garden Rd

3646 Spottswood Ave, Unit #1

928 N Hollywood St

3741 Rainford Dr

997 Meda St

6687 Whispering Oak Pl

1855 Poplar Woods Cir W
The Local Memphis Expert's Guide to Renting Near the City's Top Employers
Memphis apartment guide from a local expert, breaking down neighborhoods, average rent, and ideal commute times near the 5 largest employers - FedEx, St. Jude, U of M, Methodist, and AutoZone.

2827 Sonora Dr

2786 Mojave Pl, Unit #2

6692 Whispering Oak Pl

5656 Encino Cove

2093 Jefferson Ave

2234 Madison Ave

5440 Flowering Peach Dr

109 N Main St

1855 Poplar Woods Cir W, Unit 304

5654 San Mateo, Unit San Mateo
Affordable Memphis: The Best Neighborhoods with Character and Lower Rents
Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.

6680 Whispering Oak Pl

3566 Bristerwood Dr

358 E Pkwy N

743 Shotwell St

755 Houston St

1982 Goldbrier Ln

4352 Ann Arbor Ln

6519 Birkenhead Rd

1687 Tutwiler Ave

1855 Poplar Woods Cir W, Unit Spacious 1BR 1BA for rent
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
Memphis, TN Local Guide

How much does it cost to rent a home in Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Memphis 2 Bedroom Condos for Rent | $1,110 | $750 | $2,300 |
| Memphis 3 Bedroom Condos for Rent | $1,331 | $900 | $1,855 |
| Memphis 5 Bedroom Condos for Rent | $3,750 | $3,750 | $3,750 |
Browse Top Condos for Rent in Memphis
Explore Memphis
Memphis, TN Local Guide
- Memphis Neighborhoods
- Nearby Cities
- ZIP codes
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College Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive
Where do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleNavigating 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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Memphis, TN Rentals by Map
See the most popular apartments and homes in Memphis, TN
Frequently Asked Questions about Memphis
What type of rentals are currently available in Memphis?
There are currently 1937 Apartments for Rent in Memphis, TN with pricing that ranges from $450 to $9,549. There are also 1993 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $550 to $5,450.
What is the current price range for Rental Homes in Memphis?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Memphis ranges from $550 to $5,450 with an average monthly rent of $1,177.
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

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
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.

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.