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Cheap Apartments for Rent in Memphis, TN
381 Rentals Available

Apartments Under $500 Apartments Under $600 Apartments Under $700 Apartments Under $800 Apartments Under $900 Apartments Under $1,000

Apartments Under $500

  • Today

    1726 S. Orleans Street, Memphis, TN 38106
    2 BEDS $495+

Apartments Under $600

  • Today

    2743 Ketchum Road, Memphis, TN 38114
    1 BED $584+
    2 BEDS $638+

Apartments Under $700

  • 1 day ago

    3505 S. Mendenhall Rd, Memphis, TN 38115
    STUDIO Ask for Pricing
    1 BED $600+
    2+ BEDS $650+
  • Today

    1953 Philsar Street, Memphis, TN 38106
    2 BEDS $605+

Apartments Under $800

  • Today

    3048 Moriah Trail, Memphis, TN 38115
    1 BED $700+
    2 BEDS $1,100+
  • Today

    4537 Mill Stream Dr, Memphis, TN 38116
    1 BED $720+
    2 BEDS $750+
  • Today

    414 N. Claybrook #1, Memphis, TN 38104
    STUDIO $725
    1 BED Ask for Pricing
    2 BEDS $875
  • Top Rated for Location
    Elegant Dining Space at The District Mini Swimming Pool And Relaxing Area at The District, Tennessee
    4.5
    1 day ago

    6420 Knight Arnold Rd, Memphis, TN 38115
    88 Units available
    1 BED $749+
    2 BEDS $1,080+
    Elegant Dining Space at The District Mini Swimming Pool And Relaxing Area at The District, Tennessee State of the art fitness center at The District, Memphis, Tennessee Modern living room at The District, Memphis, TN
    Property reviews
    5/5 Carol B. on Oct 2, 2024

    It’s quiet and clean. Staff and maintenance are friendly and helpful. So far its all good.

    5/5 Grover P. on Aug 1, 2024

    Everything about this Property and Complex is Too Notch!

  • Today

    4485 Hudgins Road, Memphis, TN 38116
    1 BED $750
    2 BEDS $940
    3 BEDS Ask for Pricing
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  • 6 days ago

    4787 Garden Grove Cove, Memphis, TN 38128
    1 BED $750+
    2 BEDS $900+
    3 BEDS $1,095+
  • Today

    ANCHOR BLU, Memphis, TN 38118
    STUDIO Ask for Pricing
    2 BEDS $750+
    3 BEDS $850+
  • Today

    172 Kimbrough Place, Memphis, TN 38104
    1 BED $775
    2 BEDS $1,450
    3 BEDS $2,300
  • Resident Rated
    Rent Specials
    the kitchen of a home with white cabinets and black appliances at Azure Place Apartments, Memphis, TN bedroom with bed and window at Azure Place Apartments, Tennessee, 38118
    4.0
    4 days ago

    3896 Chippewa Rd, Memphis, TN 38118
    Available
    1 BED $785+
    2 BEDS $825+
    3+ BEDS $1,045+
    the kitchen of a home with white cabinets and black appliances at Azure Place Apartments, Memphis, TN bedroom with bed and window at Azure Place Apartments, Tennessee, 38118 our apartments offer a dining room with a round table and chairsat Azure Place Apartments, Memphis, Tennessee an aerial view of a swimming pool in a yard with umbrellas at Azure Place Apartments, Tennessee, 38118
    Property reviews
    5/5 Anonymous on Feb 23, 2024

    Really good place to live nice office people great enviroment

    5/5 Anonymous on Dec 1, 2023

    Quiet low key. Fun and friendly environment.

Apartments Under $900

  • Today

    947 Ledbetter Ave, Memphis, TN 38109
    3 BEDS $800
  • Today

    1175 Barron Court, Memphis, TN 38114
    2 BEDS $812+
  • Today

    2166 Cassie Ave, Memphis, TN 38127
    3 BEDS $825
  • Today

    3709 Dorado Cv, Memphis, TN 38128
    3 BEDS $825
  • 6 days ago

    2880 Beverly Hill Street, Memphis, TN 38128
    2 BEDS $825+
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  • Today

    5958 East Point Drive, Memphis, TN 38115
    1 BED $865+
    2 BEDS $885+
    3 BEDS $1,125
  • Resident Rated
    a kitchen with blue cabinets and a white counter top and a sink a bedroom with white walls and a window and white closets
    4.0
    Today

    2165 E. River Trace Dr., Memphis, TN 38134
    20 Units available
    1 BED $870+
    2 BEDS $1,000+
    3 BEDS $1,350+
    a kitchen with blue cabinets and a white counter top and a sink a bedroom with white walls and a window and white closets our apartments have a spacious yard with green grass clubroom with kitchen area
    Property reviews
    5/5 GONZALEZ on Nov 4, 2024

    Muy confortables y tranquilo me siento muy agusto aqui

    5/5 Anonymous on Oct 3, 2024

    nice clean goog approche for people working

  • Today

    4622 Windward Dr, Memphis, TN 38109
    3 BEDS $875
  • Today

    3687 Windcrest Rd, Memphis, TN 38116
    3 BEDS $875
  • Today

    3333 Frayser View Dr, Memphis, TN 38127
    2 BEDS $875
  • Today

    3998 Schoolfield Cv, Memphis, TN 38127
    3 BEDS $875
  • Today

    1810 W Wolfchase Circle, Cordova, TN 38016
    Income Restricted
    1 BED $876+
    2 BEDS $977+
    3 BEDS $1,307+
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  • 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
    Today

    4981 Hidden Lake Drive, Memphis, TN 38128
    13 Units available
    1 BED $877+
    2 BEDS $880+
    3 BEDS $1,215+
    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.

  • Today

    7991 Capilano Dr, Memphis, TN 38125
    1 BED $892+
    2 BEDS $1,163+
    3 BEDS $1,326+

Apartments Under $1,000

  • Today

    564 Hemsley Ave, Memphis, TN 38109
    3 BEDS $900
  • Today

    1703 Corning Ave, Memphis, TN 38127
    3 BEDS $900
  • Top Rated for Staff
    Rent Specials
    Kitchen Appliances at The Courts Midtown, Memphis, TN a bedroom with a bed and a bathroom in the background at The Courts Midtown, Memphis, TN, 38104
    4.0
    Today

    1391 Court Avenue, Memphis, TN 38104
    20 Units available
    STUDIO $931+
    1 BED $927+
    Kitchen Appliances at The Courts Midtown, Memphis, TN a bedroom with a bed and a bathroom in the background at The Courts Midtown, Memphis, TN, 38104 our apartments offer a spacious yard and green grass at The Courts Midtown, Memphis, Tennessee Midtown Memphis Living in the Medical District
    Property reviews
    4/5 Anonymous on Oct 23, 2024

    I believe the price is too expensive. There should be a gate added to the 1400 side. That is the side where most of the pedestrians that don't live at the apartments walk.

  • Today

    3825 Kerston Dr, Memphis, TN 38128
    3 BEDS $990
  • Today

    965 Goodman St, Memphis, TN 38111
    3 BEDS $1,025
  • Today

    3621 Bishops Bridge Rd, Memphis, TN 38118
    3 BEDS $1,045
  • Today

    4043 Clearpool Circle Rd, Memphis, TN 38118
    3 BEDS $1,075
  • Today

    60 S Main Street, Memphis, TN 38103
    STUDIO Ask for Pricing
    1 BED $1,100
    2 BEDS $1,748
  • Today

    1111 Canary Ln, Memphis, TN 38109
    4 BEDS $1,245
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  • Today

    1609 Red Barn Dr, Cordova, TN 38016
    2 BEDS $1,345
  • Today

    5005 Woodberry Cv S, Memphis, TN 38141
    2 BEDS $1,400
  • Today

    7207 Butternut Dr, Memphis, TN 38133
    3 BEDS $1,645
  • Today

    1081 Court Ave, Memphis, TN 38104
    1 BED Ask for Pricing
40-0-city

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Popular searches Average rent Renters guide Demographics

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 $495 and $7,109.

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

There are 425 cheap rentals available on RentCafe. Prices and availability in Memphis, TN were last updated on 17 Jan 2025.

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

The average Memphis, TN cheap apartment size is 916 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 393 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 $1,096 per month so any rental south of $877 would be considered cheap here. On RentCafe, Memphis, TN rents go as low as $495/mo.

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