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Apartments Under $700 in Memphis, TN

1 - 30 of 113 Results
5
$700
Berclair
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
8
$625
Springdale Apartments
Memphis, TN
1 BR | Available Now
Contact
14
$599
Tiger Estates
3875 Spottswood Ave Memphis, TN
1 BR | Oct. 1, 2026
Furnished
Storage
Disability Access
Dishwasher
37
$680 - 690
Summer Trace Apts
3.2
6015 Summer Trace Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
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 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Disability Access
9
$680
Kings Reserve Memphis
Deal
1550 N Pkwy Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
Pool
1
$550
165 N Merton
165 N Merton Ave Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Storage
Disability Access
12
$685
3049 Juca Ln
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Air Conditioning
1
$595
1298 Carr
1298 Carr Ave Memphis, TN
1 BR | Available Now
Contact
Disability Access
Dishwasher
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
21
$675
1753 Bismark St
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
9
$625
1025 S Wellington St Unit Memphis
Memphis, TN
2 BR | Available Now
Contact
House
1
$650
1229 Vinton
1229 Vinton Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
1
$650
97 N Belvedere
97 N Belvedere St Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$650
Cloverdale At Highland
3471 Douglass Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
1
$595
Norman Ave 2336 - 2338 (duplex) - Ah
2336 Norman Ave Memphis, TN
2 BR | Available Now
Contact
5
$699
607 Mclemore Ave
Memphis, TN
2 BR | Available Now
Contact
11
$699
821 Maury
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Voillintine-Evergreen
14
$575
1445 Britton St
Memphis, TN
1 BR | Available Now
Contact
House
1
$675
1304 Court Ave
Memphis, TN
Studio | Available Now
Contact
Storage
Disability Access
10
$695
Beautiful Duplex Home
821 Lucille Ave Memphis, TN
2 BR | Ask for Availability
Contact
House
Air Conditioning
20
$675
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
15
$685
3035 Juca Ln
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Air Conditioning
1
$650
148 Stonewall Pl
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
13
$700
3br For Rent In Memphis
3058 Lenta Cv Memphis, TN
3 BR | Ask for Availability
Contact
House
17
$695
525 N Waldran Blvd Unit Memphis
Memphis, TN
1 BR | Available Now
Contact
House
11
$625
847 Ayers St
Memphis, TN
1 BR | Available Now
Contact
House
1
$650
250 N Willet
250 N Willet St Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
1 - 30 of 113 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 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 52 studio apartments under $700 available for rent in Memphis.

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

Rentable.co has 360 one-bedroom apartments under $700 available for rent in Memphis.

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

Rentable.co has 672 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. Voillintine-Evergreen
  2. South Forum
  3. New Chicago

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

Welcome to the September 2026 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the September 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 September 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 22 45 67 90 <$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 $1,630. Out of the 4,598 one-bedroom apartments currently on the market in Memphis, 245 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
119
In September 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 126 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 September M/M % Change
Memphis, TN 119 +0.99%
West Memphis, AR 3 +0.93%
Southaven, MS 2 +1.0%
Robinsonville, MS 2 +1.0%
Horn Lake, MS 1 +0.86%
Cordova, TN 1 -0.33%
Marion, AR 0 +1.5%

Looking for Apartments Under $700 in Memphis?

Available apartments under $700 1,054
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, High Speed Internet
Deals 22
Pet friendly 143
Utilities included 43
Furnished 40
1 Bedroom 101
2 Bedroom 87
3 Bedroom 28

Where are Memphis Apartments Under $700?

Top Neighborhoods Voillintine-evergreen, South forum, New chicago
Voillintine-Evergreen 2
South Forum 1
New Chicago 1
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