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Cheap Apartments for Rent in Memphis, TN - 505 Rentals available

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Renting a Cheap Apartment in Memphis

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.

Looking for a cheap apartment for rent in Memphis, TN? With RENTCafé, finding an affordable apartment in Memphis, TN has never been easier. We feature 505 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 $765 per month so any rental south of $612 would be considered cheap here. Size matters though, so if you are in a market for a studio, expect to pay around $438 per month. If you’re looking to upgrade to a 1-bedroom apartment you’ll pay around $500, while a cheap 2-bedroom apartment will cost you about $538 per month. On RENTCafé, Memphis, TN rents go as low as $455/mo. If you’re looking to rent in the cheapest Memphis neighborhood, check out the rentals in Hickory Hill, where the average rent is $785/month.