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Cheap Apartments for Rent in Memphis, TN
141 Rentals Available

  • 290 days ago

    3541 Mediterranean Dr, Memphis, TN 38118
    Contact for availability
    • 1 BED
    • 2 BEDS
    • Ask for pricing
    • $625
  • 1 day ago

    266 BOND AVENUE, Memphis, TN 38106
    8 Units available
    • 2 BEDS
    • $550
  • 1 day ago

    269 BOND AVENUE, Memphis, TN 38106
    1 Unit available
    • 2 BEDS
    • $550
  • Today

    2743 Ketchum Road, Memphis, TN 38114
    5 Units available
    • 1 BED
    • 2 BEDS
    • $572+
    • $695+
  • Resident Rated
    Today

    1953 Philsar Street, Memphis, TN 38106
    Contact for availability
    • 2 BEDS
    • $586+
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    Today

    4537 Mill Stream Dr, Memphis, TN 38116
    37 Units available
    • 1 BED
    • 2 BEDS
    • $593+
    • $640+
  • Today

    3541 Mediterranean Drive, Memphis, TN 38118
    10 Units available
    • 1 BED
    • 2 BEDS
    • $599
    • $699+
  • Resident Rated
    Today

    1175 Barron Court, Memphis, TN 38114
    Contact for availability
    • 2 BEDS
    • $625+
  • Today

    4045 Summer Avenue, Memphis, TN 38122
    13 Units available
    • 1 BED
    • 2 BEDS
    • 3 BEDS
    • $629
    • $729
    • $829
  • Today

    4280 Mount Hood Street, Memphis, TN 38118
    22 Units available
    • 1 BED
    • 2 BEDS
    • 3 BEDS
    • $629
    • $649+
    • $829
  • Today

    3350 Hickory Hill Road, Memphis, TN 38115
    18 Units available
    • 1 BED
    • 2 BEDS
    • 3 BEDS
    • $629
    • $709
    • $859
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    • Studio
    • 1
    • 2
    • 3
    • 4+
  • Resident Rated
    Today

    5995 Waterstone Oak Way, Memphis, TN 38115
    Contact for availability
    • 1 BED
    • 2 BEDS
    • 3 BEDS
    • $650
    • $750
    • $995
  • Today

    1770 Piping Rock Drive, Memphis, TN 38116
    Contact for availability
    • 1 BED
    • 2 BEDS
    • 3+ BEDS
    • Ask for pricing
    • $680+
    • $811+
  • Top Rated for Location
    Today

    4500 Stonegate Dr, Memphis, TN 38128
    Contact for availability
    • 1 BED
    • 2 BEDS
    • 3 BEDS
    • $700+
    • $800+
    • $900
  • Today

    2154 Meadow Glade Ln, Memphis, TN 38134
    Contact for availability
    • 1 BED
    • 2 BEDS
    Ask for pricing
  • Resident Rated
    Today

    2778 Pickering Dr, Memphis, TN 38115
    Contact for availability
    • 1 BED
    • 2 BEDS
    • 3 BEDS
    • $745
    • $845
    • $905
  • Today

    3048 Moriah Trail, Memphis, TN 38115
    6 Units available
    • 1 BED
    • 2 BEDS
    • $755+
    • $930+
  • Today

    3709 Bluff Wood Dr, Memphis, TN 38128
    1 Unit available
    • 4 BEDS
    • $985
  • Today

    4998 Penwood Cv, Memphis, TN 38118
    1 Unit available
    • 3 BEDS
    • $1,100
  • Today

    3587 Kipling Ave, Memphis, TN 38128
    1 Unit available
    • 3 BEDS
    • $1,195
  • Today

    4115 Fizer Ave, Memphis, TN 38111
    1 Unit available
    • 3 BEDS
    • $1,325
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  • Top Rated for Staff
    Today

    1726 S. Orleans Street, Memphis, TN 38106
    Contact for availability
    Ask for pricing
  • Today

    7560 Chesteridge Avenue, Southaven, MS 38671
    8 Units available
    • 1 BED
    • 2 BEDS
    • 3 BEDS
    Ask for pricing

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 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 $550 and $1,455. Find cheap apartments in Memphis, TN.

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

There are 123 cheap rentals available on RENTCafé. Prices and availability in Memphis, TN were last updated on 16 Jan 2022.

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

The average Memphis, TN cheap apartment size is 1,001 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 Population651,932
  • Female 308,460
    Male 343,472
  • Median Age34

Average Rent in Memphis, TN

  • Memphis, TN Average Rental Price, October 2021 $984 /mo

    Memphis, TN Apartment Rent Ranges

    Memphis, TN Rent Trends

    Average Rent Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 Jul / 2021 Oct / 2021
    Memphis, TN $772 $785 $787 $806 $815 $825 $845 $863 $887 $953 $984
    National $1,331 $1,340 $1,344 $1,376 $1,384 $1,387 $1,379 $1,383 $1,393 $1,476 $1,572

    Memphis, TN Households

    • Total Number of Households251,732
    • Family 142,433
      Non-family 109,299
    • Children 73,285
      No Children 178,447
    • Average People Per Household2.53
    • Median Household Income$41,228
    • Median Housing Costs Per Month$909

    Memphis, TN Education Statistics

    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 142 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 $984 per month so any rental south of $787 would be considered cheap here. On RENTCafé, Memphis, TN rents go as low as $525/mo.

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