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Apartments for Rent in Memphis, TN under $600 – 41 Rentals available

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Memphis, TN Demographics

  • Total Population651,932
  • Female 308,460
    Male 343,472
  • Median Age34

Average Rent in Memphis, TN

  • Memphis, TN Average Rental Price, October 2020 $856 /mo

    Memphis, TN Apartment Rent Ranges

    • < $5004%
    • $501-$70037%
    • $701-$1,00034%
    • $1,001-$1,50021%
    • $1,501-$2,0003%
    • > $2,0001%

    Memphis, TN Rent Trends

    Average Rent Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Oct / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Oct / 2020
    Memphis, TN $743 $747 $772 $785 $787 $806 $809 $815 $825 $845 $856
    National $1,378 $1,381 $1,418 $1,428 $1,432 $1,468 $1,475 $1,477 $1,464 $1,462
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    Check out the average rent prices in Memphis by neighborhood.

    Memphis, TN Households

    • Total Number of Households251,732
    • Family 142,433
      Non-family 109,299
    • Children 73,285
      No Children 178,447
    • Average People Per Household2.53
    • Median Household Income$41,228
    • Median Housing Costs Per Month$909

    Memphis, TN Education Statistics

    • No High School5%
    • Some High School41%
    • Some College25%
    • Associate Degree5%
    • Bachelor Degree15%
    • Graduate Degree9%

    Apartments in Memphis, TN under $600

    Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $600?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 41 apartments for rent in Memphis, TN on which you’ll spend less than $600. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

    Rentals near you under $600

    Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $600. The average rental size in Memphis, TN is 924 Sq.Ft., but the $600 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.

    Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!