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Apartments for Rent in Memphis, TN under $700

92 Rentals Available
Apartments for Rent in Memphis, TN under $700. 92 Rentals Available
  • 309
    Top Rated for Location
    Rent Specials
    A modern kitchen with black cabinets and white appliances. at The District Apartments, Tennessee, 38115 Mini Swimming Pool And Relaxing Area at The District, Tennessee
    4.5
    Today

    6420 Knight Arnold Rd, Memphis, TN 38115
    8 Units available
    1 BED $665+
    A modern kitchen with black cabinets and white appliances. at The District Apartments, Tennessee, 38115 Mini Swimming Pool And Relaxing Area at The District, Tennessee A well-equipped gym with a variety of exercise machines. at The District Apartments, Memphis, TN A living room with a fireplace and a large couch. at The District Apartments, Tennessee
    Property reviews
    5/5 phyllis W. on Oct 1, 2025

    A great job was done on our parking lot thanks

    5/5 phyllis W. on Apr 28, 2025

    I like living in the district apartment only problem is the pot holes especially by my unit

  • a living room with blue furniture and a brick fireplace
    294
    Today

    3048 Moriah Trail, Memphis, TN 38115
    1 BED $699+
  • a kitchen with white appliances and white cabinets
    346
    Today

    4537 Mill Stream Dr, Memphis, TN 38116
    1 BED $654+
  • a kitchen with a stove and sink and a window
    188
    1 day ago

    1726 S. Orleans Street, Memphis, TN 38106
    2 BEDS $553+
  • A living room with a green chair, a coffee table with a vase of flowers, and a television on a cabinet.
    212
    Today

    2743 Ketchum Road, Memphis, TN 38114
    1 BED $578+
  • A living room with brown leather couches and a coffee table.
    309
    Today

    6420 Knight Arnold Rd, Memphis, TN 38115
    1 BED $665+
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  • the living room of an apartment with wood flooring and a window
    243
    1 day ago

    1953 Philsar Street, Memphis, TN 38106
    2 BEDS $688+
  • an empty living room and kitchen with wood flooring and a refrigerator
    521
    Today

    3471 W Briarpark Dr, Memphis, TN 38116
    1 BED $687+
  • a house shape with the cedar mill logo in the middle
    119
    Today

    3505 S. Mendenhall Rd, Memphis, TN 38115
    1 BED $650+
  • A parking lot with cars and apartment buildings.
    5
    1 day ago

    3384 Harmony Court, Memphis, TN 38122
    2 BEDS $691+
    3 BEDS $691+
  • A kitchen with wooden cabinets and a white fridge.
    Today

    3500 Westline Drive, Memphis, TN 38128
    Income Restricted
    1 BED Ask for Pricing
  • A small house with a yellow roof and stone walls.
    1 day ago

    262 Chelsea Ave., Memphis, TN 38107
    1 BED $300
    2 BEDS $550+
    3 BEDS $615+
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  • a living room with a couch and a window
    Today

    3707 Pershing Park Drive, Memphis, TN 38127
    Income Restricted
    2 BEDS Ask for Pricing
  • A living room with a blue couch and a wooden table.
    Today

    2801 Raja Drive, Memphis, TN 38127-7919
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • our apartments have a playground for kids to play
    Today

    5459 Hudgins Road, Memphis, TN 38116
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • A kitchen with wooden cabinets and a white refrigerator.
    Today

    2848 Green Terrace Drive #1, Memphis, TN 38127-8118
    Income Restricted
    1 BED Ask for Pricing
  • a small brick house with a sidewalk in front of it
    9
    Today

    4215 Coventry Drive, Memphis, TN 38127
    STUDIO $700
  • A dining room with a white table and chairs.
    3 days ago

    1735 Delano Ave, Memphis, TN 38127
    1 BED $699
17-0-city
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Getting around in Memphis, TN

54 /100
Somewhat Walkable
34 /100
Some Transit
43 /100
Somewhat Bikeable
Walk Score®: 54, Transit Score®: 34, Bike Score®: 43

Frequently asked questions

When were prices and availability in Memphis, TN last updated?

Prices and availability in Memphis, TN were last updated on 25 Nov 2025.

What are the best apartments in Memphis, TN?

The best apartments in Memphis, TN are: Metro67, Parcels at Concourse, Madison Shelby Farms, The Edge of Germantown and The Summit Apartments.

What type of rental buildings are in Memphis, TN?

In Memphis, 54% of the residents are renting compared to 46% 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 17 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.

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