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Cheap Apartments for Rent in Memphis, TN

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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

  • 1 bd $300
    2 bd $450+
    3 bd $615
    Base rent
    Verified Listing

    Affordable Housing

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

  • Apartments Under $600

  • New Units Available 97 units available
    1 bd $550+
    2 bd $850+
    3 bd $875+
    Base rent
    Verified Listing

    Cedar Mill Apartments & Townhomes

    4.0 (25)
    3505 S. Mendenhall Rd, Memphis, TN 38115
    Apply online • Pet friendly
  • Rent specials New Units Available
    1 bd $569+
    2 bd $657+
    Base rent
    Verified Listing

    El Dorado

    2743 Ketchum Road, Memphis, TN 38114
    Apply online • Pet friendly • Air conditioner
  • Rent specials New Units Available
    1 bd $584+
    2 bd $725+
    Base rent
    Verified Listing

    Mill Creek Apartments

    3.5 (223)
    4537 Mill Stream Dr, Memphis, TN 38116
    Apply online • Pet friendly • Pool

  • Apartments Under $700

  • Rent specials New Units Available
    2 bd $609+
    Base rent
    Verified Listing

    Longview Heights

    3.5 (144)
    1953 Philsar Street, Memphis, TN 38106
    Apply online • Pet friendly • Air conditioner
  • Rent specials New Units Available
    2 bd $623+
    Base rent
    Verified Listing

    Longview Gardens

    3.5 (62)
    1726 S. Orleans Street, Memphis, TN 38106
    Apply online • Pet friendly • Air conditioner
  • Rent specials
    2 bd $640+
    Base rent
    Verified Listing

    Barron Court

    4.0 (73)
    1175 Barron Court, Memphis, TN 38114
    Apply online • Pet friendly • Air conditioner
  • New Units Available 27 units available
    1 bd $653+
    2 bd $733+
    3 bd $1,073+
    Total monthly cost
    Verified Listing

    The Summit Apartments

    4.5 (43)
    4981 Hidden Lake Drive, Memphis, TN 38128
    Apply online • Pet friendly • Parking
  • 2 bd $691+
    3 bd $691
    Base rent
    Verified Listing

    Harmony Woods Apartments

    3384 Harmony Court, Memphis, TN 38122
    Dishwasher
  • Only 1 unit left
    1 bd $695
    2 bd $845
    Base rent
    Verified Listing

    202 Windover Road - Camellia Gardens

    4.5 (1)
    202 Windover Road, Memphis, TN 38111
    Apply online • Pet friendly

  • Apartments Under $800

  • New Units Available 7 units available
    Studio $725
    1 bd $725
    Base rent Income restricted
    Verified Listing

    Overton Place

    3.0 (2)
    414 N Claybrook St #1, Memphis, TN 38104
    Apply online • Pet friendly • Public Transportation
  • New Units Available 9 units available
    1 bd $750
    3 bd $950
    Base rent
    Verified Listing

    Stonegate Apartments

    4500 Stonegate Drive, Memphis, TN 38128
    Apply online • Pet friendly • Pool
  • New Units Available 12 units available
    1 bd $750
    2 bd $850+
    Base rent
    Verified Listing

    Lakes At Ridgeway

    5995 Waterstone Oak Way, Memphis, TN 38115
    Apply online • Pet friendly • Dishwasher
  • Rent specials 7 units available
    1 bd $750
    3 bd $1,100+
    Base rent
    Verified Listing

    The Meridian Apartments

    5.0 (3)
    4787 Garden Grove Cove, Memphis, TN 38128
    Apply online • Pet friendly • Dishwasher
  • Rent specials 59 units available
    1 bd $750+
    2 bd $999+
    Base rent
    Verified Listing

    The Trails At Mt. Moriah

    4.0 (31)
    3048 Moriah Trail, Memphis, TN 38115
    Apply online • Pet friendly • Parking
  • New Units Available 15 units available
    1 bd $779+
    2 bd $865+
    Base rent
    Verified Listing

    The Junction

    3.5 (15)
    3427 Southern Avenue, Memphis, TN 38111
    Apply online • Pet friendly • Dishwasher

  • Apartments Under $900

  • Only 1 unit left
    2 bd $800
    Base rent
    Verified Listing

    184 Windover Road CAMELLIA GARDENS

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

    Cedarwood Apartments

    4.5 (1)
    2880 Beverly Hill Street, Memphis, TN 38128
    Apply online • Pet friendly • Dishwasher
  • Rent specials New Units Available
    1 bd $803+
    2 bd $1,085+
    Total monthly cost
    Verified Listing

    The Nova Apartments

    4.0 (82)
    6355 Briar Patch Lane, Memphis, TN 38115
    Apply online • Pet friendly • Fitness center
  • Only 1 unit left
    2 bd $820
    Base rent
    Verified Listing

    208 Windover Road -Camellia Gardens

    4.0 (1)
    208 Windover Road, Memphis, TN 38111
    Apply online • Pet friendly
  • 2 bd $825+
    Base rent
    Verified Listing

    Cedarwood Apartments

    5.0 (2)
    2880 Beverly Hill Street, Memphis, TN 38128
    Pet friendly • Dishwasher • Patio/Balcony
  • Only 1 unit left
    2 bd $845
    Base rent
    Verified Listing

    156 Windover Road - MAGNOLIA GARDENS

    4.0 (1)
    156 Windover Road, Memphis, TN 38111
    Apply online • Pet friendly
  • Rent specials New Units Available
    1 bd $866+
    2 bd $1,173+
    Total monthly cost
    Verified Listing

    The Local Apartments

    4.0 (37)
    3251 Knight Trails Circle, Memphis, TN 38115
    Apply online • Pet friendly • Parking
  • Only 1 unit left
    3 bd $895
    Base rent
    Verified Listing

    162 Windover Road - MAGNOLIA GARDENS

    4.5 (3)
    162 Windover Road, Memphis, TN 38111
    Apply online • Pet friendly
  • Rent specials New Units Available
    1 bd $899+
    2 bd $1,025+
    Base rent
    Verified Listing

    The District Apartments

    4.5 (58)
    6420 Knight Arnold Rd, Memphis, TN 38115
    Apply online • Pet friendly • Fitness center

  • Apartments Under $1,000

  • 4 units available
    1 bd $910
    2 bd $1,112
    Base rent
    Verified Listing

    The Brooklyn Memphis

    5.0 (2)
    3094 Autumnwood Avenue, Memphis, TN 38115
    Apply online • Pet friendly
  • Rent specials New Units Available
    1 bd $910
    2 bd $1,075
    Base rent
    Verified Listing

    The Bowery

    4.5 (6)
    6332 Village Grove Dr, Memphis, TN 38115
    Apply online • Pet friendly
  • Rent specials New Units Available
    1 bd $920+
    2 bd $993+
    3 bd $1,289+
    Total monthly cost
    Verified Listing

    The Stella Apartments

    4.0 (98)
    2165 E. River Trace Dr., Memphis, TN 38134
    Apply online • Pet friendly • Fitness center
  • 7 units available
    1 bd $926+
    Base rent
    Verified Listing

    The Courts Midtown

    4.0 (4)
    1391 Court Avenue, Memphis, TN 38104
    Apply online • Pet friendly • Dishwasher
  • 4 units available
    Ask for pricing
    Income restricted
    Verified Listing

    Lamar Crossing

    2881 Lamar Avenue, Memphis, TN 38114
    Apply online • Pet friendly • In unit laundry
  • 11 units available
    Ask for pricing
    Verified Listing

    Idlewild Court Apartments

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

    Estival Place Apartments

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

    Grizzles Place

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

    Ramesse Apartment

    874 Estival, Memphis, TN 38126
    Apply online
  • 36-0-city
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Frequently asked questions

What is the price of a cheap apartment in Memphis, TN?

The price range of a cheap apartment is between $300 and $2,812.

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

There are 568 cheap rentals available on RentCafe. Prices and availability in Memphis, TN were last updated on 3 Oct 2026.

What is the average size of a cheap apartment in Memphis, TN?

The average Memphis, TN cheap apartment size is 729 sq. ft.

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

Cheap apartments in 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 Memphis, TN?

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

Looking for a cheap apartment for rent in Memphis, TN? With RentCafe, finding an affordable apartment in Memphis, TN has never been easier. We feature 489 low-priced rentals directly from property managers, with rents lower than the Memphis, TN average. What is a cheap rent in Memphis, TN? The average apartment rent in Memphis is $1,141 per month so any rental south of $913 would be considered cheap here. On RentCafe, Memphis, TN rents go as low as $300/mo.