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Cheap Apartments for Rent in Downtown Memphis, Memphis, TN

Cheap Apartments for Rent in Downtown Memphis, Memphis, TN. 138 Rentals Available
138 Rentals Available
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Apartments Under $400 Apartments Under $600 Apartments Under $700 Apartments Under $800 Apartments Under $900 Apartments Under $1,300

Apartments Under $400

  • 8 units available
    1 bd $300
    2 bd $450+
    3 bd $605+
    Base rent
    Verified Listing

    4.5 (1)
    262 Chelsea Ave., Memphis, TN 38107

Apartments Under $600

  • Rent specials New units available
    2 bd $562+
    Base rent
    Verified Listing

    3.5 (60)
    1726 S. Orleans Street, Memphis, TN 38106
    Apply online • Pet friendly • In unit laundry
  • Rent specials New units available
    1 bd $571+
    2 bd $685+
    Base rent
    Verified Listing

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

Apartments Under $700

  • Rent specials New units available
    2 bd $621+
    Base rent
    Verified Listing

    3.5 (144)
    1953 Philsar Street, Memphis, TN 38106
    Apply online • Pet friendly • In unit laundry
  • Rent specials New units available
    2 bd $669+
    Base rent
    Verified Listing

    4.0 (72)
    1175 Barron Court, Memphis, TN 38114
    Apply online • Pet friendly • In unit laundry
  • 32 units available
    2 bd $691+
    3 bd $691
    Base rent
    Verified Listing

    3384 Harmony Court, Memphis, TN 38122
    Dishwasher
  • 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

Apartments Under $800

Apartments Under $900

  • Only 2 units left
    2 bd $800
    Base rent
    Verified Listing

    4.0 (5)
    184 Windover Road, Memphis, TN 38111
    Apply online • Pet friendly
  • Only 2 units left
    2 bd $800+
    Base rent
    Verified Listing

    176 Windover Road, Memphis, TN 38111
    Apply online • Pet friendly
  • Only 1 unit left
    2 bd $800
    Base rent
    Verified Listing

    4.5 (3)
    154 Windover Road, Memphis, TN 38111
    Apply online • Pet friendly
  • Only 1 unit left
    2 bd $820
    Base rent
    Verified Listing

    4.0 (1)
    208 Windover Road, Memphis, TN 38111
    Apply online • Pet friendly
  • Rent specials 14 units available
    Studio $835+
    1 bd $844+
    Base rent
    Verified Listing

    4.5 (3)
    1391 Court Avenue, Memphis, TN 38104
    Apply online • Pet friendly • In unit laundry

  • More Rentals Near Downtown Memphis, Memphis, TN

  • 3 bd $880
    Base rent
    Verified Listing

    194 Windover Road, Memphis, TN 38111
    Pet friendly
  • 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 $1,300

  • 7 units available
    Ask for pricing
    Income restricted
    Verified Listing

    2881 Lamar Avenue, Memphis, TN 38114
    Apply online • Pet friendly • Dishwasher
  • 8 units available
    Ask for pricing
    Verified Listing

    1085 Peabody #101, Memphis, TN 38104
    Apply online
  • Only 2 units left
    Ask for pricing
    Verified Listing

    5.0 (1)
    379 Cossitt, Memphis, TN 38126
    Apply online
  • Only 1 unit left
    Ask for pricing
    Verified Listing

    925 Vance, Memphis, TN 38107
    Apply online
  • 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 12 cheap rentals available on RentCafe. Prices and availability in Downtown Memphis, Memphis, TN were last updated on 22 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.

Looking for a cheap apartment for rent in Downtown Memphis, Memphis, TN? With RentCafe, finding an affordable apartment in Downtown Memphis has never been easier. We feature 138 low-priced rentals directly from property managers, with rents lower than the Downtown Memphis, Memphis, TN average, which is currently $1,401. On RentCafe, Downtown Memphis rents go as low as $300/mo.