
Cheap Homes for Rent in Memphis, TN from $400 (682 Rentals) Page 3 of 14
Search the lowest-cost Homes available for rent right now in Memphis.


3300 Baskin St

940 N Hollywood St

2360 Forest Ave

1337 Haywood Ave

803 Richmond Ave

2954 Carrington Rd

3744 Cambridge Station Dr

5263 Flowering Peach Dr

528 E Pkwy N, Unit 9
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.

2901 Elbert Dr

3438 Spottswood Ave

3430 Shiloh Dr

3741 Rainford Dr

3703 Fairoaks Ave

2659 Windsor Pkwy

682 BOSTON St

3152 Larkspur Dr

4496 Range Line Rd

3491 Guernsey Ave

4077 Forest View Dr

2206 Hillside Ave

703 N 3rd St

3509 Arnold Rd

3117 Yale Ave

1066 Greenlaw Ave

4050 Pikes Peak Ave

1397 N Graham St

2045 Lamar Ave

741 N 18th St

362 Hewlett Rd

3646 Spottswood Ave

632 Harahan Rd

637 Leacrest Ave

2812 Amsden Ave

4346 Falcon Dr

3717 Deerwood Cove

2718 Marlene St

738 Buntyn St

1855 Poplar Woods Cir W

4334 Melwood St

1191 N Graham St

804 Columbia St

5492 Apple Blossom Dr

1612 May St

1008 Walk Rd

524 S Greer St

2601 Kenner Ave

482 Marianna St

2227 Clarksdale Ave
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 | $1,203 | $575 | $3,840 |
| Memphis 3 Bedroom Homes for Rent | $1,600 | $725 | $3,080 |
| Memphis 4 Bedroom Homes for Rent | $2,041 | $895 | $6,000 |
| Memphis 5 Bedroom Homes for Rent | $2,756 | $1,095 | $6,200 |
| Memphis 6 Bedroom Homes for Rent | $3,188 | $2,000 | $4,495 |
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Frequently Asked Questions about Memphis
What type of rentals are currently available in Memphis?
There are currently 1884 Apartments for Rent in Memphis, TN with pricing that ranges from $450 to $7,985. There are also 1908 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $495 to $6,200.
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 $6,200 with an average monthly rent of $2,031.
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 $600 to $4,085, while Three Bedroom Homes, Condos, and Townhomes for rent range from $725 to $3,080. Four Bedroom Single-Family rentals are also available starting from $895 and Four Bedroom Apartments start at $599.
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

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.

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.