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Apartments Under $700 in Memphis, TN

1 - 30 of 112 Results
34
3D Tour
$700
Allentown
4912 Raleigh-millington Road Memphis, TN
1 BR | Jul. 1, 2026
Contact
Virtual Tour
In Unit Laundry
Fitness Center
Storage
Dishwasher
8
$625
Springdale Apartments
Memphis, TN
1 BR | Available Now
Contact
16
$680 - 699
1938-2006 E Raines/Bonnie
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
19
$691
Foote Park At South City
410 S Danny Thomas Blvd Memphis, TN
2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
5
$1 - 900
Greenbriar Apartments
3131 Madewell Memphis, TN
1 - 3 BR | Ask for Availability
Contact
Air Conditioning
Surface Parking
17
$100 - 350
City View Towers - Seniors 62 & Older
256 S Camilla St Memphis, TN
1 BR | Available Now
Contact
Heat Included
Senior Community
Income Restricted
Air Conditioning
Surface Parking
18
$659
University Gardens Manor
2059 N Cabana Cir Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Disability Access
15
$525 - 665
The Gilmore
3.9
6 South Mclean Blvd Memphis, TN
Studio | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
1
$500 - 610
El Dorado Apartments
1.4
2743 Ketchum Road Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$650
Charming Renovated 1 Bedroom Home In North Memphis
820 Keel Ave Memphis, TN
1 BR | Available Now
Contact
House
5
$699
607 Mclemore Ave
Memphis, TN
2 BR | Available Now
Contact
5
$625
262 Chelsea Ave
Memphis, TN
3 BR | Ask for Availability
Contact
7
$700
1710 Orr St
Memphis, TN
2 BR | Available Now
Contact
House
9
$700
Student Lofts At Brister, Bldg 106
613 Brister St Memphis, TN
1 BR | Available Now
Contact
Balcony/Deck/Patio
2
$599 - 645
PER
ROOM
The Nine at Memphis
Deal
3565 Mynders Ave Memphis, TN
3 - 4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Luxury
Air Conditioning
0
$650
Ess 3604
3604 Douglass Ave Memphis, TN
1 BR | Jul. 17, 2026
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
1
$550
165 N Merton
165 N Merton Ave Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Storage
Disability Access
1
$575
1490 Lamar Cv
Memphis, TN
2 BR | Jul. 5, 2026
Contact
Dog Friendly
Cat Friendly
Storage
11
$695
The Granville House
4.0
157 Stonewall St. Memphis, TN
1 BR | Available Now
Contact
Balcony/Deck/Patio
1
$550
Cute Duplex In South Memphis
1312 Richmond St Memphis, TN
1 BR | Available Now
Contact
House
Disability Access
0
$500
1160 SPRINGDALE
Memphis, TN
1 BR | Available Now
Contact
5
$25 - 992
Saints Courts Apartments
Deal
994 N Watkins St Memphis, TN
1 - 2 BR | Available Now
Contact
Income Restricted
8
$525
1452 Ethlyn Ave Unit 1
Memphis, TN
1 BR | Available Now
Contact
8
$695
220 S Cleveland St
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$625
Very Cute Duplex In N. Memphis - $99 Move In Special
847 Ayers St Memphis, TN
1 BR | Available Now
Contact
House
1
$675
1304 Court Ave
Memphis, TN
1 BR | Available Now
Contact
Storage
Disability Access
15
$695
Section 8 Accepted 2 Bedroom 1 Bath Apartment!
800 Maury St #2 Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Voillintine-Evergreen
31
$695
189 Auburndale - 195 #16
Memphis, TN
1 BR | Jul. 17, 2026
Contact
Dog Friendly
Cat Friendly
1
$675 - 695
148 Stonewall Pl
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
1
$650 - 695
2412 Charjean
2412 Charjean St Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1 - 30 of 112 Results
  1. Home
  2. Memphis
  3. Apartments Under $700
Frequently Asked Questions

How many apartments under $700 are available in Memphis, TN on Rentable.co?

There are 112 apartments under $700 in Memphis currently available for rent on Rentable.co.

How many studio apartments under $700 are available in Memphis?

Rentable.co has 25 studio apartments under $700 available for rent in Memphis.

How many one-bedroom apartments under $700 are available in Memphis?

Rentable.co has 289 one-bedroom apartments under $700 available for rent in Memphis.

How many two-bedroom apartments under $700 are available in Memphis?

Rentable.co has 687 two-bedroom apartments under $700 available for rent in Memphis.

Can I afford a apartment under $700 in Memphis, TN?

To comfortably afford a apartment under $700 in Memphis based on average rent prices, a household would need an annual income of $26,000.

Which neighborhoods have the most apartments under $700 for rent in Memphis, TN?

  1. South Forum
  2. New Chicago
  3. Orange Mound
  4. Voillintine-Evergreen

Apartments Under $700 in Memphis, TN: June Rental Information

Welcome to the June 2026 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 2026 key findings and figures for the Memphis rental landscape.

Our experts analyze the inventory trends for apartments under $700 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Memphis and surrounding areas. This summary also provides insights into available features and amenities, as well as location options for apartments under $700 in Memphis.

Renters searching for affordable housing options in Memphis will find a variety of apartments to choose from, with monthly rents under $700. The city offers a range of one-bedroom, two-bedroom, and three-bedroom apartments in this price range.

When it comes to amenities, renters can expect to find options such as swimming pools, fitness centers, on-site laundry facilities, and pet-friendly policies in many of the apartments under $700.

As of the June 2026 report, availability is fair, with a number of apartments under $700 available for rent. However, it's always recommended to check the Rentable website frequently, as availability can change rapidly in this price range.

Whether you're a student, young professional, or family, Rentable has you covered with affordable options for apartments under $700 in Memphis.
0 17 35 52 70 <$600 $640 $720 $800 $880 $960 $1,040 $1,120 $1,200 $1,280 $1,360 $1,440 $1,520 >$1,600
This month, the typical cost to rent a one-bedroom apartment in Memphis stands at $1,050, with the majority falling between $650 and $1,620. Out of the 4,446 one-bedroom apartments currently on the market in Memphis, 212 are priced below $700, accounting for 5% of the total available one-bedroom units in Memphis.

Available Apartments Under $700: Memphis vs. Surrounding Areas

Memphis, TN
116
In June 2026, there are a variety of affordable apartments available for rent in Memphis, TN and the surrounding cities. The chart above shows the number of apartments under $700 currently listed on Rentable's website in these areas. In Memphis proper, there are a total of 128 apartments available in this price range. The surrounding cities of West Memphis, Southaven, Olive Branch, Germantown, Lakeland, Millington, Munford, Arlington, Piperton, Bartlett, Collierville, Hernando, Marion, Robinsonville, Walls, Cordova, Horn Lake, Joiner, Turrell, and Nesbit also offer a range of options for renters looking for affordable housing. This chart can help prospective renters find the right apartment that meets their budget and needs in the Memphis, TN metro area.

Apartments Under $700 Now vs. Last Month: Memphis and Surrounding Areas

City Apartments Under $700 in June M/M % Change
Memphis, TN 116 +0.99%
West Memphis, AR 2 +0.91%
Southaven, MS 2 +1.0%
Robinsonville, MS 2 +1.0%
Horn Lake, MS 1 +1.0%
Marion, AR 0 0.0%
Walls, MS 0 +1.0%

Looking for Apartments Under $700 in Memphis?

Available apartments under $700 1,334
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Pet Friendly Community
Deals 5
Pet friendly 172
Utilities included 50
Furnished 40
1 Bedroom 107
2 Bedroom 115
4 Bedroom 31

Where are Memphis Apartments Under $700?

Top Neighborhoods South forum, New chicago, Orange mound, Voillintine-evergreen
South Forum 1
New Chicago 1
Orange Mound 1
Voillintine-Evergreen 1
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