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Apartments Under $700 in Memphis, TN

1 - 30 of 99 Results
11
Town House Apartment Homes Apartment for rent in Memphis, TN
$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
Village Green Apartments Apartment for rent in Memphis, TN
$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
5
Berclair Apartment for rent in Memphis, TN
$700
Berclair
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
1
1590 Cameron Apartment for rent in Memphis, TN
$695
1590 Cameron
Memphis, TN
1 BR | Sep. 17, 2025
Contact
Dog Friendly
Cat Friendly
9
3046 Juca Ln Apartment for rent in Memphis, TN
$685
3046 Juca Ln
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Air Conditioning
1
489/491 Boston Apartment for rent in Memphis, TN
$695
489/491 Boston
489 491 Boston St Memphis, TN
2 BR | Available Now
Contact
Storage
Disability Access
15
Studio Apartment In Midtown Apartment for rent in Memphis, TN
$595
Studio Apartment In Midtown
1435 Madison Ave #6 Memphis, TN
Studio | Jul. 28, 2025
Contact
1
1938-2006 E Raines/Bonnie Apartment for rent in Memphis, TN
$695
1938-2006 E Raines/Bonnie
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
1270 Overton Park Apartment for rent in Memphis, TN
$695
1270 Overton Park
Memphis, TN
1 BR | Available Now
Contact
Storage
Disability Access
31
189 Auburndale - 193 #5 Apartment for rent in Memphis, TN
$695
189 Auburndale - 193 #5
Memphis, TN
1 BR | Aug. 11, 2025
Contact
Dog Friendly
Cat Friendly
13
3023 Josibpet Ln Apartment for rent in Memphis, TN
$685
3023 Josibpet Ln
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Air Conditioning
1
27 S. Barksdale Apartment for rent in Memphis, TN
$650
27 S. Barksdale
Memphis, TN
1 BR | Jul. 28, 2025
Contact
Surface Parking
Storage
Disability Access
0
Shady Oaks Apartments Apartment for rent in Memphis, TN
$595
Shady Oaks Apartments
516-522 Sharon Dr Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
Storage
Disability Access
Dishwasher
6
220 S Cleveland St Apartment for rent in Memphis, TN
$700
220 S Cleveland St
Memphis, TN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
Very Cute Duplex In N. Memphis - 1/2 Off The 1st Month's Rent Apartment for rent in Memphis, TN
$625
Very Cute Duplex In N. Memphis - 1/2 Off The 1st Month's Rent
847 Ayers St Memphis, TN
1 BR | Available Now
Contact
House
0
Summerwood Apartments Apartment for rent in Memphis, TN
$550 - 675
Summerwood Apartments
4015 Summer Ave Memphis, TN
1 - 2 BR | Available Now
Contact
Air Conditioning
Storage
Disability Access
1
56 N Willett St Apartment for rent in Memphis, TN
$695
56 N Willett St
Memphis, TN
1 BR | Aug. 15, 2025
Contact
Surface Parking
Storage
Disability Access
15
3039 Josibpet Ln Apartment for rent in Memphis, TN
$685
3039 Josibpet Ln
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Air Conditioning
0
1304 Court Ave Apartment for rent in Memphis, TN
$600
1304 Court Ave
Memphis, TN
Studio | Available Now
Contact
Storage
Disability Access
12
723 Roanoke Ave Apartment for rent in Memphis, TN
$545
723 Roanoke Ave
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
9
1608 Oakwood St Apartment for rent in Memphis, TN
$695
1608 Oakwood St
Memphis, TN
2 BR | Available Now
Contact
1
$550
165 N Merton
165 N Merton Ave Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Storage
Disability Access
1
$615
1022 N Second
1022 N Second St Memphis, TN
1 BR | Available Now
Contact
1
$695
Updated 2 Bedroom 1 Bath Duplex - 1/2 Off The 1st Month's Rent
911 S Lauderdale St Memphis, TN
2 BR | Available Now
Contact
House
1
$695
607 Mclemore Ave
Memphis, TN
2 BR | Available Now
Contact
1
$550
Wynn 1303
1303 E Trigg Ave Memphis, TN
1 BR | Available Now
Contact
1
$545 - 645
Duplex In Memphis
3422-3424 Tutwiler Ave Memphis, TN
2 - 3 BR | Ask for Availability
Contact
1
$185
1262 Cannon St
Memphis, TN
1 BR | Available Now
Contact
1
$625
Charming 1 Bedroom 1 Bathroom Duplex - 1/2 Off The 1st Month's Rent
408 South Pkwy Memphis, TN
1 BR | Available Now
Contact
House
1
$525
Charming Studio Apartment - Parkway Village Area
174 Roberta Dr Memphis, TN
1 BR | Available Now
Contact
House
1 - 30 of 99 Results
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  3. Apartments Under $700
Frequently Asked Questions

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

There are 99 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 29 studio apartments under $700 available for rent in Memphis.

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

Rentable.co has 254 one-bedroom apartments under $700 available for rent in Memphis.

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

Rentable.co has 338 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 $24,000.

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

  1. South Forum
  2. High Point Terrace
  3. New Chicago

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

Welcome to the July 2025 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the July 2025 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 July 2025 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 12 25 37 50 <$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 $1,140, with the majority falling between $570 and $1,880. Out of the 3,300 one-bedroom apartments currently on the market in Memphis, 179 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
94
In July 2025, 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 114 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 July M/M % Change
Memphis, TN 94 +1.05%
West Memphis, AR 3 +1.0%
Southaven, MS 2 +1.0%
Robinsonville, MS 2 +1.0%
Joiner, AR 1 +0.8%
Horn Lake, MS 1 +1.0%
Marion, AR 1 +0.75%
Millington, TN 0 +1.0%
Germantown, TN 0 +1.0%

Looking for Apartments Under $700 in Memphis?

Available apartments under $700 663
Top amenities Air Conditioning, Balcony/Deck/Patio, Refrigerator, Range / Oven, Pet Friendly Community
Deals 2
Pet friendly 132
Utilities included 23
Furnished 40
1 Bedroom 99
2 Bedroom 94
3 Bedroom 21

Where are Memphis Apartments Under $700?

Top Neighborhoods South forum, High point terrace, New chicago
South Forum 1
High Point Terrace 1
New Chicago 1
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