
Cheap Homes for Rent in Memphis, TN from $400 (946 Rentals) Page 2 of 19
Search the lowest-cost Homes available for rent right now in Memphis.


2917 Yale Ave

1425 Todds Creek Cove

869 Pearce St

775 Pope St

1157 N Belvedere Blvd

732 S Greer St

3885 Spottswood Ave

2269 Longstreet Dr

679 N Holmes St
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.

1657 Southern Ave

3953 Macon Rd

2603 Carnes Ave

2981 Benjestown Rd

3089 Waynoka Ave

3518 Hendricks Ave

3336 Southern Ave

1660 Dena Dr

2601 Kenner Ave

4095 Chelsea Ave

457 King Rd

4029 Berkshire Ave

330 E Trigg Ave

3381 Walnut Grove Rd

2766 Union Ave

3350 Hardin Ave

1614 Oakwood St

1030 Kney St

1034 Kney St

1485 E Mallory Ave

2970 Hale Ave

648 Pawnee Ave

2766 Union Ave

151 N Belvedere Blvd

3385 Vernon Ave

3772 Hyacinth Dr

808 Columbia St

1201 Elliston Rd

2136 Pamela Dr

5267 Broken Oak Dr

375 George Rd

128 E Frank Ave

666 E Mallory Ave

3624 Sunrise St

1711 Coleen Rd

728 N Montgomery St

1080 N Evergreen St

1078 N Evergreen St

131 E Norwood Ave

2705-2715 Cherry Rd
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 Homes for Rent | $1,115 | $495 | $2,600 |
| Memphis 3 Bedroom Homes for Rent | $1,530 | $675 | $4,800 |
| Memphis 4 Bedroom Homes for Rent | $1,960 | $895 | $10,000+ |
| Memphis 5 Bedroom Homes for Rent | $2,361 | $1,250 | $5,000 |
| Memphis 6 Bedroom Homes for Rent | $3,227 | $1,595 | $4,900 |
Browse Top Homes for Rent in Memphis
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Frequently Asked Questions about Memphis
What type of rentals are currently available in Memphis?
There are currently 1815 Apartments for Rent in Memphis, TN with pricing that ranges from $485 to $9,538. There are also 2232 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $495 to $15,000.
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 $495 to $15,000 with an average monthly rent of $1,762.
How much are larger Three and Four Bedroom Rentals in Memphis?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Memphis range from $675 to $6,083, while Three Bedroom Homes, Condos, and Townhomes for rent range from $675 to $4,800. Four Bedroom Single-Family rentals are also available starting from $895 and Four Bedroom Apartments start at $625.
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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.