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Apartments for Rent in Memphis, TN under $700 – 99 Rentals available

  • Apartment
    5858 E. Point Drive, Memphis, TN 38115
    $625 - $950
    • 1-3 Beds
    • 1-2 Baths
    (901) 248-1998
  • Apartment
    3048 Moriah Trail, Memphis, TN 38115
    $550 - $1,175
    • 1-2 Beds
    • 1-2.5 Baths
    Available Today!
    (844) 368-2700
  • Apartment
    2778 Pickering Drive, Memphis, TN 38115
    $540 - $820
    • 1-3 Beds
    • 1-2 Baths
    Available Today!
    (314) 375-2511
  • Apartment
    5995 Waterstone Oak Way, Memphis, TN 38115
    $510 - $870
    • 1-3 Beds
    • 1-2.5 Baths
    Available Today!
    (314) 549-1118
  • Apartment
    4500 Stonegate Drive, Memphis, TN 38128
    $570 - $700
    • 1-3 Beds
    • 1-2 Baths
    Available Today!
    (901) 245-5927
  • Apartment
    6277 Lake Arbor Drive, Memphis, TN 38115
    $540 - $840
    • 1-3 Beds
    • 1-2 Baths
    Available Today!
    (901) 495-2602
  • Home
    2860 Heber, Memphis, TN 38114
    $675
    • 3 Beds
    • 1 Bath
    Available Today!
    (844) 395-3959
  • Home
    4291 Overton Crossing, Memphis, TN 38127
    $695
    • 3 Beds
    • 1 Bath
    Available Today!
    (844) 395-3959
  • Home
    3436 Coleman, Memphis, TN 38122
    $645
    • 3 Beds
    • 1 Bath
    (844) 395-3959
  • Apartment
    1770 Piping Rock Drive, Memphis, TN 38116
    $455 - $762
    • 1-4 Beds
    • 1-2 Baths
    (901) 332-0472
  • Apartment
    783 PORTER ST, Memphis, TN 38126
    $550
    • 1 Bed
    • 1 Bath
    CBC Consolidated Business Concepts, LLC
    (323) 495-3538
  • Apartment
    972 Peabody Avenue, Memphis, TN 38104
    $625
    • 2 Beds
    • 1 Bath
    CBC Consolidated Business Concepts, LLC
    (323) 495-3538
  • Apartment
    3707 Pershing Park Drive, Memphis, TN 38127
    • 1-3 Beds
    • 1 Bath
    (901) 357-7731
  • Home
    1032 Parkland Road, Memphis, TN 38111
    $685
    • 3 Beds
    • 1 Bath
    (901) 758-5678
  • Apartment
    3541 Mediterranean Dr, Memphis, TN 38118

Popular Searches

Memphis, TN Demographics

  • Total Population654,723
  • Female 311,133
    Male 343,590
  • Median Age33.7

Average Rent in Memphis, TN

  • Memphis, TN Average Rental Price, May 2019$812/mo

Memphis, TN Apartment Rent Ranges

  • < $50010%
  • $501-$70036%
  • $701-$1,00033%
  • $1,001-$1,50018%
  • $1,501-$2,0003%
  • > $2,0001%

Memphis, TN Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 May / 2019
Memphis, TN $733 $743 $752 $753 $767 $767 $765 $769 $812
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
/

Average rent is projected to grow by 2% in 2018 compared to 2017.

Please note that projected rent growth is calculated at city level.

Average rent values on this page are aggregated from data from the following zip codes: 3801638018381033810438105381063810738108381093811138112381143811538116381173811838119381203812238125381263812738128381313813238133381343814138152

Check out the average rent prices in Memphis by neighborhood.

Memphis, TN Households

  • Total Number of Households250,259
  • Family 144,263
    Non-family 105,996
  • Children 75,502
    No Children 174,757
  • Average People Per Household2.55
  • Median Household Income$38,230
  • Median Housing Costs Per Month$881

Memphis, TN Education Statistics

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

Apartments in Memphis, TN under $700

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $700?” 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 71 apartments for rent in Memphis, TN on which you’ll spend less than $700. 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 $700

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 $700. The average rental size in Memphis, TN is 939 Sqft, but the $700 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!