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Apartments Under $700 in Memphis, TN

1 - 30 of 109 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
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
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
37
$680 - 695
Summer Trace Apartments
Deal
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
21
$675
1751 Bismark St
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
23
$599
1763 E Raines Rd Apt Memphis
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
13
$575
1445 Britton St
Memphis, TN
1 BR | Available Now
Contact
House
1
$550
165 N Merton
165 N Merton Ave Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Storage
Disability Access
5
$699
607 Mclemore Ave
Memphis, TN
2 BR | Available Now
Contact
5
$625
262 Chelsea Ave
Memphis, TN
3 BR | Ask for Availability
Contact
15
$695
525 N Waldran Blvd Unit Memphis
Memphis, TN
1 BR | Available Now
Contact
House
9
$695
1917 Farrington St
Memphis, TN
2 BR | Available Now
Contact
House
27
$599
1761 E Raines Rd Apt Memphis
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$650 - 695
1298 Carr
1298 Carr Ave Memphis, TN
Studio - 1 BR | Available Now
Contact
Disability Access
Dishwasher
8
$625
1025 S Wellington St Unit Memphis
Memphis, TN
2 BR | Available Now
Contact
House
21
$675
1753 Bismark St
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$695
1229 Vinton
1229 Vinton Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
12
$595
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
$575
791 Maury
Memphis, TN
1 BR | Nov. 20, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
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
$650
250 N Willet
250 N Willet St Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
2
$550
PER
ROOM
The Nine at Memphis
Deal
3565 Mynders Ave Memphis, TN
4 BR | Aug. 21, 2026
Contact
Dog Friendly
Cat Friendly
Student
Luxury
Air Conditioning
9
$650
3354 Douglass Ave
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
1
$675
1304 Court Ave
Memphis, TN
Studio | Available Now
Contact
Storage
Disability Access
6
$695
1463 Boxwood St
Memphis, TN
2 BR | Available Now
Contact
House
1
$650 - 675
148 Stonewall Pl
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
14
$595
865 Dillworth
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
10
$625
847 Ayers St
Memphis, TN
1 BR | Available Now
Contact
House
1 - 30 of 109 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 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 22 studio apartments under $700 available for rent in Memphis.

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

Rentable.co has 363 one-bedroom apartments under $700 available for rent in Memphis.

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

Rentable.co has 793 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
  3. Voillintine-Evergreen

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

Welcome to the August 2026 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 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 August 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 $1,080, with the majority falling between $650 and $1,620. Out of the 4,568 one-bedroom apartments currently on the market in Memphis, 299 are priced below $700, accounting for 7% of the total available one-bedroom units in Memphis.

Available Apartments Under $700: Memphis vs. Surrounding Areas

Memphis, TN
118
In August 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 125 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 August M/M % Change
Memphis, TN 118 +0.99%
West Memphis, AR 2 +0.83%
Southaven, MS 2 +1.0%
Robinsonville, MS 2 +1.0%
Horn Lake, MS 1 +1.0%
Marion, AR 0 +1.33%
Millington, TN 0 +1.0%

Looking for Apartments Under $700 in Memphis?

Available apartments under $700 1,363
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Pet Friendly Community
Deals 28
Pet friendly 169
Utilities included 45
Furnished 40
1 Bedroom 114
2 Bedroom 107
3 Bedroom 28

Where are Memphis Apartments Under $700?

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