
Cheap Homes for Rent in Memphis, TN from $400 (621 Rentals) Page 2 of 13
Search the lowest-cost Homes available for rent right now in Memphis.


1236 Effie Rd

1735 Delano Ave, Unit Appletree South - 2 Bedroom

1137 Whitaker Dr, Unit Garden View - 1 Bedroom

1500 Echles St

778 Alma St

3381 Walnut Grove Rd

144 N Auburndale St

330 E Trigg Ave

3885 Spottswood Ave
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

1214 Wilson St

1307 Halcomb Ln

1287 Halcomb Ln

1335-1337 Halcomb Ln

1639 Southern Ave

2565 Peres Ave

572 Jenson Rd

1485 E Mallory Ave

977 Pope St

1659 Cooper St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

1306 Carr Ave

3113 Yale Ave

4 N Holmes St

3542 Millington Rd

3021 Carnes Ave

3019 Carnes Ave

381 Cambridge Ave

2399 Golden Ave

1800 McMillan St

896 N Dunlap St

3654 Kearney Ave, Unit Left Unit - Kathy, Unit Left Unit - Kathy

613 McWhirter Ave

3268 Powell Ave

1439 Semmes St

1320 Faxon Ave

1785 Marble Ave

442 Jacklyn Ave

2789 Beverly Hill St

3307 Amselle Cir

3449 Southern Ave, Unit 3453 - 102, Unit 3453 - 102

2551 Dakar Ave

848 Biggs St

2375 St Elmo Ave

3940 Schoolfield Rd

2158 Pueblo Ave

4624 Sunnybrook St

761 Whitney Ave

2551 Arlington Ave

3583 Watauga Ave

1766 Cincinnati 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 | $1,218 | $575 | $3,390 |
| Memphis 3 Bedroom Homes for Rent | $1,602 | $750 | $5,200 |
| Memphis 4 Bedroom Homes for Rent | $2,028 | $895 | $4,200 |
| Memphis 5 Bedroom Homes for Rent | $2,979 | $1,650 | $7,500 |
| Memphis 6 Bedroom Homes for Rent | $3,455 | $1,775 | $4,900 |
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Frequently Asked Questions about Memphis
What type of rentals are currently available in Memphis?
There are currently 1825 Apartments for Rent in Memphis, TN with pricing that ranges from $525 to $7,985. There are also 1800 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $495 to $7,500.
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 $7,500 with an average monthly rent of $2,086.
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 $700 to $7,035, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $5,200. Four Bedroom Single-Family rentals are also available starting from $895 and Four Bedroom Apartments start at $640.
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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.