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Cheap Apartments for Rent in Memphis, TN - 64 Rentals available

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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 RENTCafé, 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.

Frequently Asked Questions

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

The price range of a cheap apartment is between $15 and $1,290. Find cheap apartments in Memphis, TN.

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

There are 41 cheap rentals available on RENTCafé. Prices and availability in Memphis, TN were last updated on 17 Jan 2021.

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

The average Memphis, TN cheap apartment size is 921 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 RENTCafé apartments for rent in Memphis, TN.

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, October 2020 $856 /mo

    Memphis, TN Apartment Rent Ranges

    • < $5004%
    • $501-$70037%
    • $701-$1,00034%
    • $1,001-$1,50021%
    • $1,501-$2,0003%
    • > $2,0001%

    Memphis, TN Rent Trends

    Average Rent Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Oct / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Oct / 2020
    Memphis, TN $743 $747 $772 $785 $787 $806 $809 $815 $825 $845 $856
    National $1,377 $1,380 $1,417 $1,426 $1,430 $1,466 $1,466 $1,473 $1,474 $1,461 $1,464
    /

    Check out the average rent prices in Memphis by neighborhood.

    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%

    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 65 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 $856 per month so any rental south of $685 would be considered cheap here. On RENTCafé, Memphis, TN rents go as low as $15/mo.

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