Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Memphis area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

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
11
$685 - 765
Town House Apartment Homes
3.4
1437 Central Avenue Memphis, TN
Studio | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Luxury
Section 8
8
$555 - 630
Village Green Apartments
2.6
3450 Fescue Lane Memphis, TN
1 - 2 BR | Available Now
Contact
Cat Friendly
Luxury
Air Conditioning
Covered Parking
Balcony/Deck/Patio
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
16
$680 - 699
1938-2006 E Raines/Bonnie
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
8
$525
1452 Ethlyn Ave Unit 1
Memphis, TN
1 BR | Available Now
Contact
1
$500
1160 SPRINGDALE
Memphis, TN
1 BR | Available Now
Contact
1
$550
Cute Duplex In South Memphis
1312 Richmond St Memphis, TN
1 BR | Available Now
Contact
House
Disability Access
1
$575
1490 Lamar Cv
Memphis, TN
2 BR | Jul. 5, 2026
Contact
Dog Friendly
Cat Friendly
Storage
5
$699
607 Mclemore Ave
Memphis, TN
2 BR | Available Now
Contact
7
$700
1710 Orr St
Memphis, TN
2 BR | Available Now
Contact
House
6
$625
262 Chelsea Ave
Memphis, TN
3 BR | Ask for Availability
Contact
9
$700
Student Lofts At Brister, Bldg 106
613 Brister St Memphis, TN
1 BR | Available Now
Contact
Balcony/Deck/Patio
1
$650
Charming Renovated 1 Bedroom Home In North Memphis
820 Keel Ave Memphis, TN
1 BR | Available Now
Contact
House
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
1
$675
1304 Court Ave
Memphis, TN
1 BR | Available Now
Contact
Storage
Disability Access
1
$650 - 695
2412 Charjean
2412 Charjean St Memphis, TN
2 BR | Available Now
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
$625
Very Cute Duplex In N. Memphis - $99 Move In Special
847 Ayers St Memphis, TN
1 BR | Available Now
Contact
House
8
$695
220 S Cleveland St
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
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
12
$695
Charming 2-bedroom Brick Home With Bright Character And Natural Light
815 Lucille Ave Memphis, TN
2 BR | Ask for Availability
Contact
House
Air Conditioning
27
$599
1761 E Raines Rd Apt Memphis
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$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
31
$695
189 Auburndale - 195 #16
Memphis, TN
1 BR | Jul. 17, 2026
Contact
Dog Friendly
Cat Friendly
7
$650
Move-in Special In 38112
3102 Allison Ave Memphis, TN
1 BR | Ask for Availability
Contact
House
13
$699
Cozy 2-bed, 1 Bath Duplex With Unique Touches & Great Vibes!
3639 Allandale Rd Memphis, TN
2 BR | Ask for Availability
Contact
House
0
$679
Scenic Hills
3108 New Allen Rd Memphis, TN
1 BR | Available Now
Contact
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
Browse Memphis Apartments
Memphis Apartments by Neighborhood
Memphis Apartments by Bedrooms
Memphis Apartments by Affordability
Memphis Apartments with Amenities
Memphis Apartments by Type
Colleges Near Memphis
Memphis Apartments by Zip Code