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Cheap Apartments for Rent in Raleigh, Memphis, TN

378 Rentals Available
Cheap Apartments for Rent in Raleigh, Memphis, TN. 378 Rentals Available
Apartments Under $600 Apartments Under $700 Apartments Under $800 Apartments Under $900 Apartments Under $1,200 Apartments Under $1,400

Apartments Under $600

  • a kitchen with a stove and sink and a window
    188
    Today

    1726 S. Orleans Street, Memphis, TN 38106
    2 BEDS $553+
  • A living room with a green chair, a coffee table with a vase of flowers, and a television on a cabinet.
    212
    Today

    2743 Ketchum Road, Memphis, TN 38114
    1 BED $578+
    2 BEDS $716+

Apartments Under $700

  • a house shape with the cedar mill logo in the middle
    119
    1 day ago

    3505 S. Mendenhall Rd, Memphis, TN 38115
    STUDIO Ask for Pricing
    1 BED $650+
    2 BEDS $725+
  • a kitchen with white appliances and white cabinets
    346
    Today

    4537 Mill Stream Dr, Memphis, TN 38116
    1 BED $654+
    2 BEDS $766+
    3 BEDS $1,162+
  • A living room with brown leather couches and a coffee table.
    309
    Today

    6420 Knight Arnold Rd, Memphis, TN 38115
    1 BED $665+
    2 BEDS $980+
  • the living room of an apartment with wood flooring and a window
    243
    Today

    1953 Philsar Street, Memphis, TN 38106
    2 BEDS $688+
  • a living room with blue furniture and a brick fireplace
    294
    Today

    3048 Moriah Trail, Memphis, TN 38115
    1 BED $699+
    2 BEDS $761+
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Apartments Under $800

  • 187
    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
    22 Units available
    1 BED $708+
    2 BEDS $1,025+
    3 BEDS $1,259+
    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.

  • A kitchen with a sink and cabinets.
    1 day ago

    3011 Mcadoo, Memphis, TN 38112
    1 BED $725
  • A kitchen with a checkered floor and a bench.
    8
    Today

    414 N Claybrook St #1, Memphis, TN 38104
    Income Restricted
    STUDIO $725
    1 BED $875
    2 BEDS $825+
  • a living room with two couches and a table
    70
    Today

    4787 Garden Grove Cove, Memphis, TN 38128
    1 BED $750+
    2 BEDS $875+
    3 BEDS $1,325
  • A house with the words "COMING SOON" in front of it.
    1 day ago

    2828 Heber Avenue, Memphis, TN 38114
    3 BEDS $750
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  • a living room filled with furniture and a flat screen tv
    173
    Today

    3427 Southern Avenue, Memphis, TN 38111
    Income Restricted
    STUDIO Ask for Pricing
    1 BED $785+
    2 BEDS $897+

Apartments Under $900

  • an empty kitchen with white appliances and a stove and sink
    137
    Today

    1175 Barron Court, Memphis, TN 38114
    2 BEDS $809+
  • a living room with a couch and a table with a television
    37
    Today

    2880 Beverly Hill Street, Memphis, TN 38128
    2 BEDS $825+
  • a living room with pink furniture and green curtains
    319
    Today

    3251 Knight Trails Circle, Memphis, TN 38115
    1 BED $831+
    2 BEDS $1,224+
  • a sign for the magnolia gardeners house in front of a tree
    6
    1 day ago

    156 Windover Road, Memphis, TN 38111
    2 BEDS $845
  • a living room with a blue couch and a dining room table
    25
    Today

    2880 Beverly Hill Street, Memphis, TN 38128
    2 BEDS $850+
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  • A brightly lit living room with a blue couch and yellow chairs.
    404
    Today

    6355 Briar Patch Lane, Memphis, TN 38115
    1 BED $857+
    2 BEDS $1,139+
  • A living room with a wooden table and chairs.
    420
    Today

    2165 E. River Trace Dr., Memphis, TN 38134
    1 BED $863+
    2 BEDS $925+
    3 BEDS $1,197+
  • A building with a white door and pillars.
    6
    1 day ago

    162 Windover Road, Memphis, TN 38111
    3 BEDS $895

Apartments Under $1,200

  • A living room with a striped couch and a ceiling fan.
    61
    Today

    1000 Sutton Place, Horn Lake, MS 38637
    1 BED $1,130+
    2 BEDS $1,319+
    3 BEDS $1,464+
  • a living room with red chairs and a television
    11
    Today

    7109 Vineyard Way, Germantown, TN 38138
    1 BED $1,131+
    2 BEDS $1,590+
    3 BEDS $2,051+

Apartments Under $1,400

  • full kitchen with black appliances and wood flooring at theolan apartments
    Today

    7865 Grove Ct W, Germantown, TN 38138
    1 BED $1,315+
    2 BEDS $1,512+
    3 BEDS $2,049+
  • a clubhouse with tables and chairs and a living room with windows
    25
    Today

    9199 Mayfield Road North, Collierville, TN 38017
    1 BED $1,372+
    2 BEDS $1,485+
    3 BEDS $1,638+
4-21-nhood
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Getting around in Raleigh, TN

45 /100
Car-Dependent
31 /100
Some Transit
33 /100
Somewhat Bikeable
Walk Score®: 45, Transit Score®: 31, Bike Score®: 33

Frequently asked questions

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

The price range of a cheap apartment is between $708 and $2,180.

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

There are 37 cheap rentals available on RentCafe. Prices and availability in Raleigh, Memphis, TN were last updated on 25 Nov 2025.

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

The average Raleigh, Memphis, TN cheap apartment size is 976 sq. ft.

What are the advantages of renting a cheap apartment in Raleigh, Memphis, TN?

Cheap apartments in Raleigh, 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 Raleigh, Memphis, TN?

A cheap apartment in Raleigh, Memphis, TN offers little storage space and fewer amenities compared to other apartments.

Looking for a cheap apartment for rent in Raleigh, Memphis, TN? With RentCafe, finding an affordable apartment in Raleigh has never been easier. We feature 374 low-priced rentals directly from property managers, with rents lower than the Raleigh, Memphis, TN average, which is currently $915. On RentCafe, Raleigh rents go as low as $553/mo.

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