Apartments Under $600 in Memphis, TN

Map
1 - 30 of 61 Results
2
$1 - 250
Saints Courts Apartments
994 North Watkins Street Memphis, TN
1 BR | Available Now
5
$445 - 517
Shady Oaks TN
7860 Raleigh Millington RD Millington, TN
Studio - 1 BR | Available Now
Dog Friendly
House
Air Conditioning
8
$555 - 565
Village Green Apartments
Deal
2.6
3450 Fescue Lane Memphis, TN
1 BR | Available Now
Cat Friendly
Air Conditioning
Covered Parking
Balcony, Deck, Patio
Storage
7
$1 - 250
Gates Apartments
614 Huntington St Gates, TN
2 BR | Available Now
Income Restricted
Air Conditioning
6
$550
3011 Mcadoo Ave
Memphis, TN
1 BR | Available Now
House
Balcony, Deck, Patio
Dishwasher
9
$600
80 Eastview St
Memphis, TN
2 BR | Available Now
Balcony, Deck, Patio
Disability Access
Dishwasher
3
$25 - 500
South Pointe Apartments - Affordable Housing
5.0
365 California Street Marianna, AR
2 - 4 BR | Available Now
Income Restricted
Air Conditioning
5
$585
Summer Trace Apartments
6015 Summer Trace Memphis, TN
1 BR | Available Now
Dog Friendly
Cat Friendly
Surface Parking
Dishwasher
Pool
5
$570
Stonegate Apartment
4500 Stone Gate Dr Memphis, TN
1 BR | Available Now
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Balcony, Deck, Patio
2
$599
Emerald Pointe Apartment
3315 Hickory Hill Road Memphis, TN
2 BR | Available Now
Dog Friendly
Cat Friendly
Section 8
Balcony, Deck, Patio
Storage
1
$599
2059 N Cabana Cir
Memphis, TN
2 BR | Available Now
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Disability Access
Dishwasher
1
$500
4460 Powell
Memphis, TN
2 BR | Available Now
In Unit Laundry
$550
1490 Lamar Cv
Memphis, TN
2 BR | Available Now
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Dishwasher
$490 - 650
Ashton Hills
4183 Troost Drive Memphis, TN
3 BR | Available Now
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Covered Parking
1
$595
741 Olympic St
Memphis, TN
2 BR | Ask for Availability
Air Conditioning
1
$555 - 585
1415 Breedlove St
Memphis, TN
1 BR | Ask for Availability
Air Conditioning
New Chicago
11
$575
816 Mississippi Blvd
Memphis, TN
2 BR | Available Now
House
Dishwasher
6
$525
1321 Wilson St
Memphis, TN
2 BR | Available Now
House
Balcony, Deck, Patio
Disability Access
Dishwasher
8
$575
The Coves At Yale
2.0
5022 Yale Rd Memphis, TN
1 BR | Available Now
Dog Friendly
Cat Friendly
Section 8
Balcony, Deck, Patio
Dishwasher
16
$525 - 695
The Woods At Ridgeway
1.2
6277 Lake Arbor Dr. Memphis, TN
1 BR | Available Now
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
In Unit Laundry
5
$439 - 679
Mill Creek Apartments
2.7
Millbranch Dr Memphis, TN
1 - 2 BR | Available Now
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Pool
5
$500 - 705
Lakes At Ridgeway
1.9
5995 Waterstone Oak Way Memphis, TN
1 - 2 BR | Available Now
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
In Unit Laundry
15
$525
The Gilmore
3.9
6 South Mclean Blvd Memphis, TN
Studio | Ask for Availability
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
16
$488 - 512
Sycamore Lake
1.9
2174 Westchester Rd. Memphis, TN
1 BR | Available Now
In Unit Laundry
Balcony, Deck, Patio
Fitness Center
Storage
Dishwasher
13
$559
PER
ROOM
The Stratum On Highland
Deal
2.9
510 S Highland St Memphis, TN
4 BR | Available Now
Heat Included
Furnished
Student
Covered Parking
In Unit Laundry
12
$545
1912 Hubert St
Memphis, TN
1 BR | Available Now
Dishwasher
Voillintine-Evergreen
4
$500
Cherry Crest Apartments
1460 Cherry Rd. Memphis, TN
1 BR | Available Now
Student
Dishwasher
7
$485 - 518
Summit Park Apartments
3.3
1770 Piping Rock Drive Memphis, TN
1 - 2 BR | Available Now
Income Restricted
Section 8
Balcony, Deck, Patio
Dishwasher
Pool
10
$520
The Reserve At Mt. Moriah
1.3
2778 Pickering Drive Memphis, TN
1 BR | Available Now
Dog Friendly
Cat Friendly
Section 8
Balcony, Deck, Patio
Dishwasher
10
$593 - 1,263
Lincoln On The Green
2.3
8345 Championship Dr Memphis, TN
1 BR | Available Now
Dog Friendly
Cat Friendly
Section 8
Covered Parking
Balcony, Deck, Patio
1 - 30 of 61 Results
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  2. Memphis
  3. Apartments Under $600

How much does it cost to rent an apartment in Memphis?

Memphis Apartments
Bed Type Average Rent Range
Studio $1,000 $630 - $1,530
1BR $950 $550 - $1,650
2BR $1,150 $630 - $1,810
3BR $1,250 $780 - $2,300
4+BR $1,760 $680 - $5,000

Memphis:
December Rent Report

Welcome to the December 2022 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2022 key findings and figures for the Memphis rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Memphis and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Memphis average rent prices in the chart below.

Monthly Rent Report

Memphis Rent Prices Increase From November to December

Memphis rent prices increased over the last month. From November to December, the city experienced a 0.11% increase for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $898.0.

When we take a look at the two-bedroom comparison from November to December, Memphis experienced a -0.68% decrease for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,029.0.

December Prices: Memphis vs. Surrounding Areas

Rent Prices in Memphis and Surrounding Areas

Rent prices have increased in Memphis over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 3 of the Memphis suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Cordova, TN, Southaven, MS, Bartlett, TN .

  • Rent decreased in Horn Lake, MS, Collierville, TN, Germantown, TN.

  • 6 suburbs are currently priced higher than the city of Memphis.

December 2022 Pricing Trends: Memphis vs. National Comparisons

Memphis Rent Prices More Affordable Than Major Cities

Rent growth in Memphis over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Memphis average rent prices appear to be relatively affordable for local residents.

The price for a Memphis one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of Rentable's December 2022 National Apartment Report and data set here.

For more information about Memphis and surrounding area rent prices, take a look at the complete data set below.

Data set for Memphis and suburbs

1 BR December 1 BR M/M % Change 2 BR December 2 BR M/M % Change
Memphis, TN $897.0 -0.11% $1,036.0 -2.08%
Cordova, TN $1,353.0 2.81% $1,497.0 0.67%
Southaven, MS $1,257.0 3.37% $1,493.0 -3.68%
Horn Lake, MS $1,246.0 -1.74% $1,200.0 0.00%
Collierville, TN $1,290.0 -0.85% $1,384.0 -0.65%
Germantown, TN $1,241.0 -0.64% $1,683.0 -0.94%
Bartlett, TN $1,472.0 0.27% $1,831.0 0.94%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.