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Apartments for Rent in Memphis, TN under $700 – 45 Rentals available

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Memphis, TN Demographics

  • Total Population653,248
  • Female 309,583
    Male 343,665
  • Median Age33.8

Average Rent in Memphis, TN

  • Memphis, TN Average Rental Price, February 2020 $825 /mo

    Memphis, TN Apartment Rent Ranges

    • < $5007%
    • $501-$70036%
    • $701-$1,00036%
    • $1,001-$1,50017%
    • $1,501-$2,0003%
    • > $2,0001%

    Memphis, TN Rent Trends

    Average Rent Nov / 2016 Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Feb / 2020
    Memphis, TN $721 $726 $744 $743 $747 $772 $785 $787 $806 $815 $825
    National $1,340 $1,337 $1,368 $1,371 $1,374 $1,408 $1,417 $1,422 $1,458 $1,466 $1,468
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    Memphis, TN Households

    • Total Number of Households250,812
    • Family 143,189
      Non-family 107,623
    • Children 73,821
      No Children 176,991
    • Average People Per Household2.54
    • Median Household Income$39,108
    • Median Housing Costs Per Month$898

    Memphis, TN Education Statistics

    • No High School5%
    • Some High School42%
    • Some College25%
    • Associate Degree5%
    • Bachelor Degree15%
    • Graduate Degree9%

    Renting apartments in Memphis, TN under $700

    Are you looking for a smart space where you can easily combine comfort with convenience? You will surely find the property that perfectly fits your needs with this variety of options. RENTCafé offers you 47 apartments for rent in Memphis, TN from 13 modern buildings, so you’ll certainly find something suitable for you. If you want to live alone or with your partner, you might want to look for a studio or browse through our selection of 1 bedroom apartments. If you need more space but you don’t want to spend more than necessary on a monthly rent, check out our 2 bedroom or 3 bedroom apartments for less than $700, and make the most out of your budget.

    Finding the best rental near you

    Memphis, TN is an amazing place to call home, with several rentals under $700 for you to choose from. There are many options and filters you can apply to your search to make the process easier and to find your next apartment faster and more efficiently. Asking yourself ‘are there any cheap apartments near me’? With our helpful filters, you can easily find the home of your dreams that also fits within your budget. With rent prices as low as $445 in Memphis, TN, you can find affordable and appealing apartments that match your requirements. Sort your search by ‘Rent’ ascending to see the cheapest ones at the top of the list. As soon as you find your perfect apartment, make sure to contact the property to check for availability or apply online directly on RENTCafé.

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