Apartments for Rent in Memphis, TN under $700
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1 bd $694+Base rent4.5 (58)6420 Knight Arnold Rd, Memphis, TN 38115Apply online • Pet friendly • Fitness center
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1 bd $622+Base rent3.5 (222)4537 Mill Stream Dr, Memphis, TN 38116Apply online • Pet friendly • Pool
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1 bd $632+Base rent4.0 (370)3471 W Briarpark Dr, Memphis, TN 38116Apply online • Pet friendly • In unit laundry
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1 bd $558+2 bd $667+Base rent2743 Ketchum Road, Memphis, TN 38114Apply online • Pet friendly • In unit laundry
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2 bd $613+Base rent3.5 (144)1953 Philsar Street, Memphis, TN 38106Apply online • Pet friendly • In unit laundry
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1 bd $694+Base rent4.5 (58)6420 Knight Arnold Rd, Memphis, TN 38115Apply online • Pet friendly • Fitness center
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2 bd $562+Base rent3.5 (61)1726 S. Orleans Street, Memphis, TN 38106Apply online • Pet friendly • In unit laundry
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2 bd $667+Base rent4.0 (72)1175 Barron Court, Memphis, TN 38114Apply online • Pet friendly • In unit laundry
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7 units available1 bd $550+Base rent4.0 (25)3505 S. Mendenhall Rd, Memphis, TN 38115Apply online • Pet friendly -
2 bd $691+3 bd $691Base rent3384 Harmony Court, Memphis, TN 38122Dishwasher
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7 units available1 bd $3002 bd $450+3 bd $615Base rent4.5 (1)262 Chelsea Ave., Memphis, TN 38107 -
2 bd $650Base rent Income restricted3541 Eastline Drive, Apt #1, Memphis, TN 38128Apply online • Air conditioner
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Ask for PricingIncome restricted4.5 (7)3707 Pershing Park Drive, Memphis, TN 38127Apply online • In unit laundry • Dishwasher
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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 19 Jul 2026.
What are the best apartments in Memphis, TN?
The best apartments in Memphis, TN are: Conwood Flats Apartment Homes, The Tennessee Brewery Apartments, The Summit Apartments, Metro67 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.
Your search for apartments in Memphis, TN under $700 stops here
Finding apartments for rent in Memphis, TN for less than $700 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 99 available units in Memphis, TN, renting for under $700. On average, $815 can get you 860 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.
We’ll help you find the best rental near you
Having to compromise on either price or location can turn your “apartments near me under $700” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $700 in Memphis, TN goes for $300 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.