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Cheap Apartments for Rent in Memphis, TN
552 Rentals Available

Apartments Under $400 Apartments Under $500 Apartments Under $600 Apartments Under $700 Apartments Under $800 Apartments Under $900

Apartments Under $400

Apartments Under $500

Apartments Under $600

Apartments Under $700

Apartments Under $800

Apartments Under $900

  • Today

    190 Hawthorne, Memphis, TN 38112
    • Studio
    • 1 BED
    • 2 BEDS
    • Ask for pricing
    • $995
    • $800
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  • Top Rated for Maintenance
    Exterior view of Building The Nova, Memphis, TN - Photo Gallery 2 Exterior view of buildings at The Nova, Memphis, Tennessee - Photo Gallery 3
    Today

    6355 Briar Patch Lane, Memphis, TN 38115
    8 Units available
    • 1 BED
    • 2 BEDS
    • $814+
    • $1,000+
    View Property
    Exterior view of Building The Nova, Memphis, TN - Photo Gallery 2 Exterior view of buildings at The Nova, Memphis, Tennessee - Photo Gallery 3 BBQ picnic area at The Nova, Memphis, TN - Photo Gallery 4 Modern living room with fireplace at The Nova, Memphis, TN - Photo Gallery 5
    Property reviews
    5/5 Anonymous on Dec 30, 2022

    Thus far I am very pleased with my experience here. Maintenance within great timing has efficiently fixed all discrepancies. Communication with staff is great. The environment is very comfortable and safe. I love the quality of my apartment and it feels very at home.

    5/5 Kathleen J. on May 5, 2022

    It is a nice place to live.

  • Today

    797 Richmond, Memphis, TN 38106
    • 2 BEDS
    • $825
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  • Today

    Berclair Apartments, Memphis, TN 38122
    • 1 BED
    • 2 BEDS
    • $825
    • Ask for pricing
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  • Today

    811 Speed Street, MEMPHIS, TN 38107
    • 3 BEDS
    • $825
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  • Today

    3563 Poplar Avenue, Memphis, TN 38111
    • 2 BEDS
    • 3 BEDS
    • Ask for pricing
    • $850
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  • 1 day ago

    252 North Lauderdale, Memphis, TN 38105
    • Studio
    • 1 BED
    • 2+ BEDS
    • Ask for pricing
    • $900
    • $1,140
    View Property
  • Today

    812 Leacrest Ave, Memphis, TN 38109
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  • Top Rated for Location
    Exterior view of building The Local, Memphis, TN - Photo Gallery 2 Top view Swimming pool at The Local Memphis, TN - Photo Gallery 3
    Today

    3251 Knight Trails Circle, Memphis, TN 38115
    2 Units available
    • 1 BED
    • 2 BEDS
    • Ask for pricing
    • $963+
    View Property
    Exterior view of building The Local, Memphis, TN - Photo Gallery 2 Top view Swimming pool at The Local Memphis, TN - Photo Gallery 3 BBQ area and view of building at The Local, Memphis, TN - Photo Gallery 4 Gorgeous Bedroom at The Local, Memphis, TN - Photo Gallery 5
    Property reviews
    5/5 Torri C. on Dec 12, 2022

    My move in process went great. Precious Davis did a wonderful job. I love my apartment. She made my move in process very smooth and helped me along the way. She has excellent customer service. She really cares about the residents here. She made me happy that I chose to move here. Kevin was very helpful as well. He is a really nice gentleman. He also made sure my apartment was in great shape before I moved in. It was very clean as well. I love the team here at the Local. I would recommend future residents.

    5/5 I W. on Nov 15, 2022

    Need Contract!! 3301 #307

  • Today

    1810 W Wolfchase Circle, Cordova, TN 38016
    • 1 BED
    • 2 BEDS
    • 3 BEDS
    • $966
    • $1,122
    • $1,444+
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  • Today

    3816 Cedar Path Dr, Memphis, TN 38115
    • 4 BEDS
    • $1,150
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  • Today

    4550 Aldridge Dr, Memphis, TN 38109
    • 3 BEDS
    • $1,155
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  • Today

    3251 OLD GETWELL RD, Memphis, TN 38118
    • Studio
    • 2 BEDS
    • 3 BEDS
    Ask for pricing
    View Property
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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 $300 and $3,289. Find cheap apartments in Memphis, TN.

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

There are 635 cheap rentals available on RentCafe. Prices and availability in Memphis, TN were last updated on 26 Jan 2023.

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

The average Memphis, TN cheap apartment size is 878 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. You might be interested in studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RentCafe apartments for rent in Memphis, TN.

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 221 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 $1,063 per month so any rental south of $850 would be considered cheap here. On RentCafe, Memphis, TN rents go as low as $300/mo.

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