Apartments for Rent in Memphis, TN under $700
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1 bd $680+Base rent4.5 (43)4981 Hidden Lake Drive, Memphis, TN 38128Apply online • Pet friendly • Fitness center
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1 bd $612+Base rent3.5 (222)4537 Mill Stream Dr, Memphis, TN 38116Apply online • Pet friendly • Pool
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1 bd $548+2 bd $673+Base rent2743 Ketchum Road, Memphis, TN 38114Apply online • Pet friendly • In unit laundry
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2 bd $607+Base rent3.5 (144)1953 Philsar Street, Memphis, TN 38106Apply online • Pet friendly • In unit laundry
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2 bd $560+Base rent3.5 (61)1726 S. Orleans Street, Memphis, TN 38106Apply online • Pet friendly • In unit laundry
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1 bd $680+Base rent4.5 (43)4981 Hidden Lake Drive, Memphis, TN 38128Apply online • Pet friendly • Fitness center
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2 bd $660+Base rent4.0 (72)1175 Barron Court, Memphis, TN 38114Apply online • Pet friendly • In unit laundry
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2 bd $691+3 bd $691Base rent3384 Harmony Court, Memphis, TN 38122Dishwasher
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1 bd $3002 bd $450+3 bd $615Base rent4.5 (1)262 Chelsea Ave., Memphis, TN 38107 -
6 units available1 bd $550+Base rent3505 S. Mendenhall Rd, Memphis, TN 38115Apply online • Pet friendly -
Ask for pricingIncome restricted3541 Eastline Drive, Apt #1, Memphis, TN 38128Air conditioner
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Ask for PricingIncome restricted4.0 (16)5459 Hudgins Road, Memphis, TN 38116In unit laundry • Dishwasher • Patio/Balcony
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Ask for PricingIncome restricted3.5 (15)2848 Green Terrace Drive #1, Memphis, TN 38127-8118In unit laundry • Air conditioner
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Ask for pricingIncome restricted3.5 (7)2801 Raja Drive, Memphis, TN 38127-7919In unit laundry • Air conditioner • Wheelchair Access
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Frequently asked questions
When were prices and availability in Memphis, TN last updated?
Prices and availability in Memphis, TN were last updated on 9 Aug 2026.
What are the best apartments in Memphis, TN?
The best apartments in Memphis, TN are: City Place at Germantown Apartments, Metro67, Appling Lakes, The Tennessee Brewery Apartments and Grand Island Apartments.
What type of rental buildings are in Memphis, TN?
In Memphis, 55% of the residents are renting compared to 45% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 10% of Memphis's rentals, 50% are small-scale complexes with under 50 units, and 39% are single-family rentals.
Search for apartments in Memphis, TN under $700
There’s more than one way to spend $700 on rent in Memphis, TN, so the first step is to start thinking about what you really want from your new home. Be mindful of what makes you tick. Look for 2 bedroom apartments for rent for less than $700 if you want to share your living space and don’t mind being further away from the city center. Search for 3 bedroom apartments if you’re moving in with family or planning to share part of your life and living expenses with more friends. If city bustle is what you live for, you might want to search for a studio or 1 bedroom apartment closer to the city center.
The perfect $700 rental near you
Don’t dismiss the idea of a studio just because it sounds small and featureless: studios come in many shapes and sizes, and it only takes a few strikes of creativity to go from drab to lively. If an all-in-one-room apartment spells total lack of privacy for you, have a look at the 1 bedroom apartments for rent in Memphis, TN. Customize your search by using more RentCafe filters. Decide what amenities you can’t live without and focus your search on the apartments that offer them. Are you bringing in a pet? Narrow your options to pet-friendly apartments for rent. Want more windows so that natural light floods your home? Hardwood floors or plush carpet in the living area? There are 14 apartments for rent below $700 in Memphis, TN for every taste. Decide what you need, stay focused, and you’re bound to find your perfect apartment in no time.