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Apartments Under $700 in Memphis, TN

1 - 30 of 109 Results
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
16
$695
1938-2006 E Raines/Bonnie
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
9
$695
1535 Jackson Ave
Memphis, TN
1 BR | Apr. 17, 2026
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
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
1
$650
Studio Apartment, 1 Bathroom Near Uom And Echles St
3665 Spottswood St Memphis, TN
1 BR | Available Now
Contact
House
5
$695 - 699
607 Mclemore Ave
Memphis, TN
2 BR | Available Now
Contact
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
15
$685
3023 Josibpet Ln
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Air Conditioning
7
$695
1297 S Prescott St
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
1
$550
165 N Merton
165 N Merton Ave Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Storage
Disability Access
8
$625 - 700
Springdale Apartments
Memphis, TN
1 - 2 BR | Available Now
Contact
1
$650
Recently Renovated 1 Bedroom Duplex Ready For Move-in!! - Binghampton
684 Lipford St Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
15
$625
964 Joseph Pl
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$495
Cute Duplex In Prospect Park
1455 Eloise Rd Memphis, TN
1 BR | Available Now
Contact
House
Disability Access
20
$670
770 Brower St
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
18
$685
3106 Josibpet Ln
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Air Conditioning
0
$699
Coronado Manor
2429 Ketchum Rd Memphis, TN
1 BR | Available Now
Contact
1
$595
1435 Madison Ave.
1435 Madison Ave #5 Memphis, TN
Studio | May. 15, 2026
Contact
1
$595
Studio Apartment In Midtown
1435 Madison Ave #6 Memphis, TN
Studio | Available Now
Contact
1
$625
Charming 1 Bedroom, 1 Bath | Open To Section 8
2255 Marble Ave Memphis, TN
1 BR | Available Now
Contact
House
1
$695
Renovated House In Quite Neighborhood
1475 Pope St Memphis, TN
2 BR | Available Now
Contact
House
1
$550
Charming Brick Duplex In Midtown - Open To Section 8 - $99 Move In Special
2217 Clayton Ave Memphis, TN
1 BR | Available Now
Contact
House
1
$695
2440 Charjean
Memphis, TN
2 BR | Apr. 17, 2026
Contact
Dog Friendly
Cat Friendly
1
$695
Renovated 2 Bdrm 1 Bath | Duplex | Open To Section 8 | $99 Move In Special
1919 Farrington St Memphis, TN
2 BR | Available Now
Contact
House
0
$595
244 Garland St
Memphis, TN
1 BR | Ask for Availability
Contact
1
$450
4790 Northwood Hills Dr
Memphis, TN
5 BR | Apr. 30, 2026
Contact
House
Air Conditioning
Storage
Dishwasher
1
$695
1530 Monroe Ave
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1 - 30 of 109 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 109 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 268 one-bedroom apartments under $700 available for rent in Memphis.

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

Rentable.co has 585 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: March Rental Information

Welcome to the March 2026 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 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 March 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 $1,680
This month, the typical cost to rent a one-bedroom apartment in Memphis stands at $1,070, with the majority falling between $630 and $1,700. Out of the 3,920 one-bedroom apartments currently on the market in Memphis, 195 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
113
In March 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 122 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 March M/M % Change
Memphis, TN 113 +0.97%
West Memphis, AR 2 +1.18%
Southaven, MS 2 +1.0%
Robinsonville, MS 2 +1.0%
Horn Lake, MS 1 +1.0%
Marion, AR 0 +1.0%
Arlington, TN 0 +1.0%

Looking for Apartments Under $700 in Memphis?

Available apartments under $700 1,198
Top amenities Air Conditioning, Balcony/Deck/Patio, Refrigerator, Range / Oven, Pet Friendly Community
Deals 3
Pet friendly 145
Utilities included 23
Furnished 40
1 Bedroom 106
2 Bedroom 112
3 Bedroom 20
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