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Apartments Under $700 in Memphis, TN

1 - 30 of 113 Results
1
$645
1591 Locust
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
16
$680 - 699
1938-2006 E Raines/Bonnie
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
18
$659
University Gardens Manor
2059 N Cabana Cir Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Disability Access
4
$675
Parkside Poplar Apartments
1969-1973 Poplar Ave Memphis, TN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
14
$695
Tiger Estates
3875 Spottswood Ave Memphis, TN
1 BR | Available Now
Furnished
Storage
Disability Access
Dishwasher
1
$500
1160 SPRINGDALE
Memphis, TN
1 BR | Available Now
Contact
9
$625
1025 S Wellington St Unit Memphis
Memphis, TN
2 BR | Available Now
Contact
House
1
$595
27 S. Barksdale
Memphis, TN
1 BR | Available Now
Contact
Surface Parking
Storage
Disability Access
28
$599
1761 E Raines Rd Apt Memphis
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
30
$695
525 N Waldran Blvd Unit Memphis
Memphis, TN
1 BR | Available Now
Contact
House
16
$695
Wildhorse 839
839 Pearce St Memphis, TN
2 BR | Dec. 10, 2026
Contact
Dog Friendly
Cat Friendly
12
$685
3049 Juca Ln
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Air Conditioning
1
$650
97 N Belvedere
97 N Belvedere St Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
14
$575
1445 Britton St
Memphis, TN
1 BR | Available Now
Contact
House
10
$675
4015 Camelot Ln Unit 1
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
18
$695
3179 Jackson Ave
Memphis, TN
2 BR | Available Now
Contact
House
10
$550
847 Ayers St
Memphis, TN
1 BR | Available Now
Contact
House
5
$699
607 Mclemore Ave
Memphis, TN
2 BR | Available Now
Contact
15
$675
507 N Bellevue Blvd Unit 509
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$595
1229 Vinton
1229 Vinton Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
20
$625
482 E Mclemore Ave Unit Memphis
Memphis, TN
2 BR | Available Now
Contact
House
5
$625
262 Chelsea Ave
Memphis, TN
3 BR | Ask for Availability
Contact
27
$599
1767 E Raines Rd Apt Memphis
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
18
$675
1751 Bismark St
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$595
250 N Willet
250 N Willet St Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
5
$650
2br For Rent In Memphis
2070 Nedra Ave Memphis, TN
2 BR | Ask for Availability
Contact
House
11
$700
Four Bedroom House In Memphis
1103 Springdale St Memphis, TN
4 BR | Ask for Availability
Contact
House
2
$550
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
10
$695
Beautiful Duplex Home
821 Lucille Ave Memphis, TN
2 BR | Ask for Availability
Contact
House
Air Conditioning
1 - 30 of 113 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 113 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 21 studio apartments under $700 available for rent in Memphis.

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

Rentable.co has 272 one-bedroom apartments under $700 available for rent in Memphis.

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

Rentable.co has 628 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 $25,000.

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

  1. South Forum
  2. New Chicago

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

Welcome to the November 2026 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 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 November 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 15 30 45 60 <$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 4,644 one-bedroom apartments currently on the market in Memphis, 233 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
117
In November 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 124 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 November M/M % Change
Memphis, TN 118 +1.01%
West Memphis, AR 2 +1.14%
Robinsonville, MS 2 +1.0%
Cordova, TN 2 +0.87%
Southaven, MS 2 +1.2%
Horn Lake, MS 1 +1.0%

Looking for Apartments Under $700 in Memphis?

Available apartments under $700 1,104
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Pet Friendly Community
Deals 89
Pet friendly 210
Utilities included 110
Furnished 41
1 Bedroom 95
2 Bedroom 92
4 Bedroom 81
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