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Cheap Apartments for Rent in Downtown Memphis, Memphis, TN

Cheap Apartments for Rent in Downtown Memphis, Memphis, TN. 121 Rentals Available
121 Rentals Available
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Apartments Under $400 Apartments Under $600 Apartments Under $700 Apartments Under $800 Apartments Under $900 Apartments Under $1,000

Apartments Under $400

  • A small house with a yellow roof and stone walls.
    8 units available
    1 bd $300
    2 bd $450+
    3 bd $605+
    Base rent
    Verified Listing

    262 Chelsea Ave., Memphis, TN 38107

Apartments Under $600

  • a kitchen with a stove and sink and a window
    Rent specials New units available
    2 bd $552+
    Base rent
    Verified Listing

    3.5 (59)
    1726 S. Orleans Street, Memphis, TN 38106
    Apply online • Pet friendly
  • A living room with a green chair, a coffee table with a vase of flowers, and a television on a cabinet.
    Rent specials 8 units available
    1 bd $579+
    2 bd $655+
    Base rent
    Verified Listing

    2743 Ketchum Road, Memphis, TN 38114
    Apply online • Pet friendly

Apartments Under $700

  • the living room of an apartment with wood flooring and a window
    Rent specials New units available
    2 bd $615+
    Base rent
    Verified Listing

    3.5 (144)
    1953 Philsar Street, Memphis, TN 38106
    Apply online • Pet friendly
  • an empty kitchen with white appliances and a stove and sink
    Rent specials New units available
    2 bd $675+
    Base rent
    Verified Listing

    4.0 (72)
    1175 Barron Court, Memphis, TN 38114
    Apply online • Pet friendly
  • A parking lot with cars and apartment buildings.
    31 units available
    2 bd $691+
    3 bd $691+
    Base rent
    Verified Listing

    3384 Harmony Court, Memphis, TN 38122
  • A red brick house with a white door and windows.
    Only 1 unit left
    1 bd $695
    2 bd $845
    Base rent
    Verified Listing

    4.5 (1)
    202 Windover Road, Memphis, TN 38111
    Apply online • Pet friendly
  • A dining room with a white table and chairs.
    1 bd $699
    Base rent
    Verified Listing

    1735 Delano Ave, Memphis, TN 38127
    Pet friendly

  • More Rentals Near Downtown Memphis, Memphis, TN

Apartments Under $800

  • A kitchen with white cabinets and a wooden counter.
    New units available 8 units available
    Studio $725
    1 bd $725
    2 bd $825
    Base rent Income restricted
    Verified Listing

    3.0 (2)
    414 N Claybrook St #1, Memphis, TN 38104
    Apply online • Pet friendly
  • A dining room with a white table and chairs.
    2 bd $799
    Base rent
    Verified Listing

    1735 Delano Ave, Memphis, TN 38127
    Pet friendly

Apartments Under $900

  • a red brick house with white columns and a white door
    New units available Only 1 unit left
    2 bd $800
    Base rent
    Verified Listing

    4.0 (4)
    184 Windover Road, Memphis, TN 38111
    Apply online • Pet friendly
  • a red brick house with white columns and trees
    New units available Only 2 units left
    2 bd $800+
    Base rent
    Verified Listing

    176 Windover Road, Memphis, TN 38111
    Apply online • Pet friendly
  • a brick house with a white porch and a tree
    Only 1 unit left
    2 bd $800
    Base rent
    Verified Listing

    4.5 (3)
    154 Windover Road, Memphis, TN 38111
    Apply online • Pet friendly
  • the front of a brick house with columns and a white door
    Only 1 unit left
    2 bd $820
    Base rent
    Verified Listing

    4.0 (1)
    208 Windover Road, Memphis, TN 38111
    Apply online • Pet friendly
  • A living room with a grey couch, a wooden coffee table, and a painting on the wall.
    Rent specials New units available
    1 bd $827+
    2 bd $915+
    Base rent
    Verified Listing

    3.5 (14)
    3427 Southern Avenue, Memphis, TN 38111
    Apply online • Pet friendly • Dishwasher

  • More Rentals Near Downtown Memphis, Memphis, TN

  • A sign for Magnolia Gardens, Inc. is displayed in front of a tree.
    Only 1 unit left
    2 bd $845
    Base rent
    Verified Listing

    3.5 (6)
    160 Windover Road, Memphis, TN 38111
    Apply online • Pet friendly
  • a sign for the magnolia gardeners house in front of a tree
    Only 1 unit left
    2 bd $845
    Base rent
    Verified Listing

    4.0 (1)
    156 Windover Road, Memphis, TN 38111
    Apply online • Pet friendly
  • a living room with white walls and a large flat screen tv on the wall
    Rent specials New units available
    Studio $867+
    1 bd $852+
    Base rent Income restricted
    Verified Listing

    4.0 (2)
    1391 Court Avenue, Memphis, TN 38104
    Apply online • Pet friendly • In unit laundry
  • A building with a white door and pillars.
    Only 2 units left
    3 bd $895
    Base rent
    Verified Listing

    4.5 (3)
    162 Windover Road, Memphis, TN 38111
    Apply online • Pet friendly

Apartments Under $1,000

  • a kitchen with a sink and a stove and a refrigerator
    6 units available
    Ask for pricing
    Income restricted
    Verified Listing

    2881 Lamar Avenue, Memphis, TN 38114
    Apply online • Pet friendly
  • A brick house with a sign that says "Pretty Place".
    4 bd $1,200
    Base rent
    Verified Listing

    705 St. Paul, Memphis, TN 38107
  • A brick house with a black fence in front.
    8 units available
    Ask for pricing
    Verified Listing

    1085 Peabody #101, Memphis, TN 38104
    Apply online
  • A sign for the Estival Place Assisted Living Campus is displayed in front of a gated entrance.
    Only 2 units left
    Ask for pricing
    Verified Listing

    5.0 (1)
    379 Cossitt, Memphis, TN 38126
    Apply online
  • A logo for a company named Promise Development Corporation.
    Ask for pricing
    Verified Listing

    925 Vance, Memphis, TN 38107
  • 874 Estival 2-3 Beds Apartment for Rent
    Only 1 unit left
    Ask for pricing
    Verified Listing

    874 Estival, Memphis, TN 38126
    Apply online

  • More Rentals Near Downtown Memphis, Memphis, TN

5-20-nhood

Frequently asked questions

How many cheap rentals are available in Downtown Memphis, Memphis, TN on RentCafe?

There are 11 cheap rentals available on RentCafe. Prices and availability in Downtown Memphis, Memphis, TN were last updated on 2 Jun 2026.

What are the advantages of renting a cheap apartment in Downtown Memphis, Memphis, TN?

Cheap apartments in Downtown Memphis, Memphis, TN are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Downtown Memphis, Memphis, TN?

A cheap apartment in Downtown Memphis, Memphis, TN offers little storage space and fewer amenities compared to other apartments.