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Cheap Apartments for Rent in Downtown Memphis, Memphis, TN

Cheap Apartments for Rent in Downtown Memphis, Memphis, TN. 122 Rentals Available
122 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

    262 Chelsea Ave., Memphis, TN 38107

Apartments Under $600

  • Rent specials New units available
    2 bd $549+
    Base rent
    Verified Listing

    3.5 (59)
    1726 S. Orleans Street, Memphis, TN 38106
    Apply online • Pet friendly
  • Rent specials New units available
    1 bd $577+
    2 bd $654+
    Base rent
    Verified Listing

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

Apartments Under $700

  • Rent specials New units available
    2 bd $624+
    Base rent
    Verified Listing

    3.5 (144)
    1953 Philsar Street, Memphis, TN 38106
    Apply online • Pet friendly
  • Rent specials
    2 bd $667+
    Base rent
    Verified Listing

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

    3384 Harmony Court, Memphis, TN 38122
  • 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
  • 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

  • 7 units available
    Studio $725
    1 bd $800
    2 bd $825+
    Base rent Income restricted
    Verified Listing

    3.0 (2)
    414 N Claybrook St #1, Memphis, TN 38104
    Apply online • Pet friendly
  • 7 units available
    Ask for pricing
    Income restricted
    Verified Listing

    2881 Lamar Avenue, Memphis, TN 38114
    Apply online • Pet friendly
  • 2 bd $799
    Base rent
    Verified Listing

    1735 Delano Ave, Memphis, TN 38127
    Pet friendly

Apartments Under $900

  • Only 1 unit 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

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

    5.0 (6)
    170 Windover Road, Memphis, TN 38111
    Apply online • Pet friendly
  • 17 units available
    Studio $805+
    1 bd $843+
    2 bd $954+
    Base rent
    Verified Listing

    3.5 (12)
    3427 Southern Avenue, Memphis, TN 38111
    Apply online • Pet friendly • Dishwasher
  • Only 1 unit left
    2 bd $820
    Base rent
    Verified Listing

    4.0 (1)
    208 Windover Road, Memphis, TN 38111
    Apply online • Pet friendly

  • More Rentals Near Downtown Memphis, Memphis, TN

  • Only 1 unit left
    2 bd $845
    Base rent
    Verified Listing

    3.5 (6)
    160 Windover Road, Memphis, TN 38111
    Apply online • Pet friendly
  • Only 1 unit left
    2 bd $845
    Base rent
    Verified Listing

    4.0 (1)
    156 Windover Road, Memphis, TN 38111
    Apply online • Pet friendly
  • New units available 18 units available
    Studio $859+
    1 bd $859+
    Base rent Income restricted
    Verified Listing

    4.0 (2)
    1391 Court Avenue, Memphis, TN 38104
    Apply online • Pet friendly • In unit laundry
  • Only 1 unit 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

  • Only 2 units left
    Ask for pricing
    Verified Listing

    5.0 (1)
    379 Cossitt, Memphis, TN 38126
    Apply online
  • 8 units available
    Ask for pricing
    Verified Listing

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

    925 Vance, Memphis, TN 38107
  • Only 1 unit left
    Ask for pricing
    Verified Listing

    874 Estival, Memphis, TN 38126
    Apply online
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 12 May 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.