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Cheap Apartments for Rent in Memphis, TN

420 Rentals Available
Apartments Under $600 Apartments Under $700 Apartments Under $800 Apartments Under $900 Apartments Under $1,200

Apartments Under $600

  • A living room with a green chair, a coffee table with a vase of flowers, and a television on a cabinet.
    211
    Today

    2743 Ketchum Road, Memphis, TN 38114
    1 BED $547+
    2 BEDS $699+
  • a kitchen with a stove and sink and a window
    188
    Today

    1726 S. Orleans Street, Memphis, TN 38106
    2 BEDS $550+

Apartments Under $700

  • a house shape with the cedar mill logo in the middle
    119
    Today

    3505 S. Mendenhall Rd, Memphis, TN 38115
    STUDIO Ask for Pricing
    1 BED $650+
    2 BEDS $725+
  • a kitchen with white appliances and white cabinets
    346
    Today

    4537 Mill Stream Dr, Memphis, TN 38116
    1 BED $661+
    2 BEDS $747+
    3 BEDS $1,162+
  • 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
    65 Units available
    1 BED $665+
    2 BEDS $980+
    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

  • 184
    Top Rated for Location
    Rent Specials
    a kitchen with white appliances and a dining room with a table at The Summit Apartments, Memphis, Tennessee a bedroom with a bed and a window at The Summit Apartments, Memphis, Tennessee
    4.5
    7 days ago

    4981 Hidden Lake Drive, Memphis, TN 38128
    21 Units available
    1 BED $678+
    2 BEDS $1,050+
    3 BEDS $1,433+
    a kitchen with white appliances and a dining room with a table at The Summit Apartments, Memphis, Tennessee a bedroom with a bed and a window at The Summit Apartments, Memphis, Tennessee our apartments offer a swimming pool with tables and umbrellas at The Summit Apartments, Memphis, 38128 a gym with various exercise equipment and windows at The Summit Apartments, Memphis, TN, 38128
    Property reviews
    5/5 Anonymous on Oct 4, 2023

    Great i love living here . Ive had no prombles.

    5/5 Allyie H. on Oct 15, 2019

    maintenance and staff are great.

  • the living room of an apartment with wood flooring and a window
    242
    Today

    1953 Philsar Street, Memphis, TN 38106
    2 BEDS $691+
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Apartments Under $800

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

    3048 Moriah Trail, Memphis, TN 38115
    1 BED $700+
    2 BEDS $761+
  • A kitchen with a sink and cabinets.
    Today

    3011 Mcadoo, Memphis, TN 38112
    1 BED $725
  • A kitchen with a checkered floor and a bench.
    8
    Today

    414 N Claybrook St #1, Memphis, TN 38104
    Income Restricted
    STUDIO $725
    1 BED $875
    2 BEDS $825+
  • A tree in a yard with a house in the background.
    7
    Today

    839 LYDGATE, MEMPHIS, TN 38116
    STUDIO $750
  • a living room with two couches and a table
    69
    Today

    4787 Garden Grove Cove, Memphis, TN 38128
    1 BED $750
    2 BEDS $875+
    3 BEDS $1,325
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  • A house with the words "COMING SOON" in front of it.
    Today

    2828 Heber Avenue, Memphis, TN 38114
    3 BEDS $750
  • A living room with a white couch, a black table, and a painting on the wall.
    14
    Today

    6332 Village Grove Dr, Memphis, TN 38115
    1 BED $775
    2 BEDS $1,000
  • 172
    Resident Rated
    Rent Specials
    a kitchen with a black refrigerator freezer next to a stove top oven at The Junction, Tennessee, 38111 a bedroom with a bed and a ceiling fan at The Junction, Memphis
    4.0
    Today

    3427 Southern Avenue, Memphis, TN 38111
    Income Restricted
    STUDIO Ask for Pricing
    1 BED $785+
    2 BEDS $901+
    a kitchen with a black refrigerator freezer next to a stove top oven at The Junction, Tennessee, 38111 a bedroom with a bed and a ceiling fan at The Junction, Memphis a courtyard with a table and chairs in front of a building at The Junction, Tennessee, 38111 Blue Living Room at The Junction, Memphis, TN, 38111
    Property reviews
    5/5 Rikki J. on Aug 8, 2024

    This is one of the best places I have lived. The area is nice and surrounded by a lot of shopping centers and service stations. Lots of things for the kids to do and. Very quiet and convenient, I am just absolutely in love with this new place I call home. The kids love it to it’s a win win !!!

    5/5 O. O. on Mar 22, 2024

    The apartment is nice, clean, well-sized and the gated entry is a nice bonus for extra security. I would highly recommend this apartment if you're moving to the Memphis area.

  • an empty kitchen with white appliances and a stove and sink
    137
    Today

    1175 Barron Court, Memphis, TN 38114
    2 BEDS $798+

Apartments Under $900

  • a living room with a couch and a table with a television
    37
    Today

    2880 Beverly Hill Street, Memphis, TN 38128
    2 BEDS $825+
  • 319
    Resident Rated
    Rent Specials
    A kitchen with a black refrigerator and white cabinets. at The Local Apartments, Memphis, TN Large Bedroom at The Local Apartments, Memphis, TN
    4.0
    Today

    3251 Knight Trails Circle, Memphis, TN 38115
    20 Units available
    1 BED $827+
    2 BEDS $1,224+
    A kitchen with a black refrigerator and white cabinets. at The Local Apartments, Memphis, TN Large Bedroom at The Local Apartments, Memphis, TN commons apartment community pool and grass at The Local Apartments, Memphis, TN A BBQ grill at The Local Apartments, Tennessee, 38115
    Property reviews
    5/5 Shantae R. on Mar 1, 2025

    I've been here 2 years + and I love it here! Everything is great!

    5/5 Anonymous on Jul 19, 2024

    The local the local the local the local the

  • a sign for the magnolia gardeners house in front of a tree
    6
    Today

    156 Windover Road, Memphis, TN 38111
    2 BEDS $845
  • 420
    Resident Rated
    Rent Specials
    A kitchen with white cabinets and a black fridge. at The Stella Apartments, Memphis, Tennessee A large outdoor swimming pool at The Stella Apartments, Memphis, Tennessee
    4.0
    Today

    2165 E. River Trace Dr., Memphis, TN 38134
    19 Units available
    1 BED $849+
    2 BEDS $925+
    3 BEDS $1,347+
    A kitchen with white cabinets and a black fridge. at The Stella Apartments, Memphis, Tennessee A large outdoor swimming pool at The Stella Apartments, Memphis, Tennessee Gym at The Stella Apartments, Memphis, TN Outdoor Patio at The Stella Apartments, Memphis, TN
    Property reviews
    5/5 Angela M. on Apr 27, 2025

    It’s a wonderful experience I feel safe and valued

    5/5 Dakota G. on Apr 16, 2025

    The apartment is in nice holding and I have enjoyed my experience overall with everything here. I couldn’t ask for a better apartment for the meantime

  • a living room with a blue couch and a dining room table
    24
    Today

    2880 Beverly Hill Street, Memphis, TN 38128
    2 BEDS $850+
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  • A modern living room with a black chair and a white couch.
    21
    Today

    3094 Autumnwood Avenue, Memphis, TN 38115
    1 BED $850
    2 BEDS $960
  • 404
    Resident Rated
    Rent Specials
    A kitchen with a black refrigerator and a sink with a granite countertop. A backyard with a fire pit and a pool in the background.
    4.0
    Today

    6355 Briar Patch Lane, Memphis, TN 38115
    18 Units available
    1 BED $857+
    2 BEDS $1,135+
    A kitchen with a black refrigerator and a sink with a granite countertop. A backyard with a fire pit and a pool in the background. A spacious room with wooden floors and a large window. A spacious living room with wood flooring and white walls.
    Property reviews
    5/5 Anonymous on Mar 31, 2025

    Its nice cool neat yard nice parking good all things work in the unit .

    5/5 Anonymous on Feb 25, 2025

    Its not bad, i been living here for years.

  • A building with a white door and pillars.
    6
    Today

    162 Windover Road, Memphis, TN 38111
    3 BEDS $895

Apartments Under $1,200

  • a living room with red chairs and a television
    11
    Today

    7109 Vineyard Way, Germantown, TN 38138
    1 BED $1,181+
    2 BEDS $1,594+
    3 BEDS $2,030+
24-1-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

What is the price of a cheap apartment in Memphis, TN?

The price range of a cheap apartment is between $550 and $2,892.

How many cheap rentals are available in Memphis, TN on RentCafe?

There are 482 cheap rentals available on RentCafe. Prices and availability in Memphis, TN were last updated on 18 Nov 2025.

What is the average size of a cheap apartment in Memphis, TN?

The average Memphis, TN cheap apartment size is 829 sq. ft.

What are the advantages of renting a cheap apartment in Memphis, TN?

Cheap apartments in Memphis, TN are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Memphis, TN?

A cheap apartment in Memphis, TN offers little storage space and fewer amenities compared to other apartments.

Renting a cheap apartment in Memphis, TN

Memphis is Tennessee’s largest city and known for its role in music and literature. Beale Street, home to young B.B. King, is a highlight of a visit for many blues aficionados. So is Graceland, the mansion of Elvis Presley. Due to the city’s location along the Mississippi River, economic growth has been driven since Memphis’ early days by shipping and product transport. Memphis is home to the University of Memphis and numerous other colleges and universities. Industry here is centered on transportation. FedEx, AutoZone and International Paper have their corporate headquarters here. Recreation opportunities include Mud Island River Park and Shelby Farms Park. Memphis is home to the Memphis Grizzlies, an NBA team. Barbecue is the celebrated local cuisine. Find a large selection of Memphis, Tennessee apartments on RENTCafe. Start your apartment search today.

Look for cheap apartments near me

Finding the right apartment as far as size and location go is one aspect of apartment searching, but making sure that it provides all that you need within a reasonable price is another. On RentCafe, you can search for cheap apartments near you and ensure that you find one that suites your needs. Worried the neighborhood or city you are looking to move to is known to have higher rents? You can browse our listings and find the cheap apartments in any location, whether you are looking at a specific neighborhood, ZIP code, or city.

The perfect apartment for you is out there, either near you or anywhere in the U.S. that you are looking to move to. So, let's find the one that satisfies your wants and needs, but that also comes at an affordable price.

Looking for a cheap apartment for rent in Memphis, TN? With RentCafe, finding an affordable apartment in Memphis, TN has never been easier. We feature 420 low-priced rentals directly from property managers, with rents lower than the Memphis, TN average. What is a cheap rent in Memphis, TN? The average apartment rent in Memphis is $1,135 per month so any rental south of $908 would be considered cheap here. On RentCafe, Memphis, TN rents go as low as $547/mo.

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