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Apartments Under $700 in Memphis, TN

1 - 30 of 111 Results
5
$700
Berclair
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
9
$695
Student Lofts At Brister, Bldg 106
613 Brister St Memphis, TN
1 BR | Available Now
Contact
Balcony/Deck/Patio
1
$695
1591 Locust
Memphis, TN
1 BR | Available Now
Contact
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
$695
1938-2006 E Raines/Bonnie
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$525
Cute Duplex In Prospect Park
1455 Eloise Rd Memphis, TN
1 BR | Available Now
Contact
House
Disability Access
1
$550 - 695
1298 Carr
1298 Carr Ave Memphis, TN
Studio - 1 BR | Available Now
Contact
Disability Access
18
$685
3106 Josibpet Ln
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Air Conditioning
15
$685
3029 Josibpet Ln
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Air Conditioning
1
$495
Hubbard Ave 2367-2369 (duplex) - Ah
2367 Hubbard Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
7
$695
1297 S Prescott St
Memphis, TN
1 BR | Ask for Availability
Contact
House
5
$699
1629 Dena Dr
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
House
15
$685
3039 Josibpet Ln
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Air Conditioning
1
$600
3580 BRISTERWOOD
Memphis, TN
1 BR | Available Now
Contact
Dishwasher
1
$650
328 Buntyn St
Memphis, TN
1 BR | Feb. 20, 2026
Contact
Storage
Disability Access
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
1
$685
1304 Court Ave
Memphis, TN
1 BR | Available Now
Contact
Storage
Disability Access
15
$700
964 Joseph Pl
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
17
$685
3054 Josibpet Ln
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Air Conditioning
1
$550
165 N Merton
165 N Merton Ave Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Storage
Disability Access
20
$675
770 Brower St
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$600
1160 SPRINGDALE
Memphis, TN
1 BR | Available Now
Contact
9
$699
1735 Delano Ave Unit 11
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
5
$695 - 699
607 Mclemore Ave
Memphis, TN
2 BR | Available Now
Contact
18
$499
1765 E Raines Rd Apt Memphis
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
15
$685
3023 Josibpet Ln
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Air Conditioning
2
$695
148 Stonewall Pl
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
8
$625 - 700
Springdale Apartments
Memphis, TN
1 - 2 BR | Available Now
Contact
34
$499
1767 E Raines Rd Apt Memphis
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
5
$699
1633 Dena Dr
Memphis, TN
1 BR | Ask for Availability
Contact
Dog Friendly
House
1 - 30 of 111 Results
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  2. Memphis
  3. Apartments Under $700
Frequently Asked Questions

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

There are 111 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 24 studio apartments under $700 available for rent in Memphis.

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

Rentable.co has 292 one-bedroom apartments under $700 available for rent in Memphis.

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

Rentable.co has 588 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

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

Welcome to the February 2026 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 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 February 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 20 40 60 80 <$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 $630 and $1,590. Out of the 3,756 one-bedroom apartments currently on the market in Memphis, 217 are priced below $700, accounting for 6% of the total available one-bedroom units in Memphis.

Available Apartments Under $700: Memphis vs. Surrounding Areas

Memphis, TN
109
In February 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 123 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 February M/M % Change
Memphis, TN 110 +0.97%
West Memphis, AR 3 +1.11%
Southaven, MS 2 +1.0%
Robinsonville, MS 2 +1.0%
Horn Lake, MS 1 +1.0%
Marion, AR 0 +1.33%
Bartlett, TN 0 +1.5%
Cordova, TN 0 +1.0%
Arlington, TN 0 +1.0%
Millington, TN 0 +1.0%

Looking for Apartments Under $700 in Memphis?

Available apartments under $700 976
Top amenities Air Conditioning, Balcony/Deck/Patio, Refrigerator, Range / Oven, Pet Friendly Community
Deals 2
Pet friendly 146
Utilities included 23
Furnished 40
1 Bedroom 109
2 Bedroom 108
3 Bedroom 20
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