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Apartments Under $700 in Memphis, TN

31 - 60 of 109 Results
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
1
$695
1530 Monroe Ave
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
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
0
$595
244 Garland St
Memphis, TN
1 BR | Ask for Availability
Contact
1
$695
888 Kerr Ave
Memphis, TN
2 BR | Available Now
Contact
1
$695
Renovated 2 Bedroom 1 Bath Duplex - Open To Section 8 - $99 Move In Special
1917 Farrington St Memphis, TN
2 BR | Available Now
Contact
House
1
$625
Charming 2 Bedroom 1 Bathroom Apartment
1025 S Wellington St Unit 3 Memphis, TN
2 BR | Available Now
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House
3
$600
3063 Lyndale Ave Unit Duplex
Memphis, TN
2 BR | Available Now
Contact
1
$695
2507 Staten Avenue Memphis, Tn
2507 Staten Memphis, TN
2 BR | Available Now
Contact
House
1
$665
1415 Breedlove St
Memphis, TN
1 BR | Ask for Availability
Contact
Air Conditioning
New Chicago
0
$679
Scenic Hills
3108 New Allen Rd Memphis, TN
1 BR | Available Now
Contact
1
$525
Scott Street Apartments
304 Scott St Memphis, TN
1 BR | Available Now
Contact
Dishwasher
1
$590
Freshly Painted Apartment In Memphis
1499-1501 N Merton St Memphis, TN
2 BR | Ask for Availability
Contact
5
$585 - 655
Summer Trace Apartments
6015 Summer Trace Memphis, TN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Surface Parking
Dishwasher
Pool
10
$520 - 675
The Reserve At Mt. Moriah
1.3
2778 Pickering Drive Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Balcony/Deck/Patio
Dishwasher
5
$500 - 705
Lakes At Ridgeway
1.9
5995 Waterstone Oak Way Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
In Unit Laundry
5
$625
Pinebrook Pointe Apartment Homes
3541 Mediterranean Dr Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
In Unit Laundry
5
$615
Country Oaks
6555 Country Oaks Circle Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Pool
13
$559 - 699
PER
ROOM
The Stratum On Highland
Deal
2.9
510 S Highland St Memphis, TN
2 - 4 BR | Available Now
Contact
Heat Included
Furnished
Student
Covered Parking
In Unit Laundry
16
$488 - 720
Sycamore Lake
1.9
2174 Westchester Rd. Memphis, TN
1 - 2 BR | Available Now
Contact
Luxury
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
Storage
15
$525 - 665
The Gilmore
3.9
6 South Mclean Blvd Memphis, TN
Studio | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Balcony/Deck/Patio
5
$570 - 700
Stonegate Apartment
4500 Stone Gate Dr Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Balcony/Deck/Patio
19
$691
Foote Park At South City
410 S Danny Thomas Blvd Memphis, TN
2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
16
$525 - 695
The Woods At Ridgeway
1.2
6277 Lake Arbor Dr. Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Section 8
Air Conditioning
30
$629 - 651
Arbors Of Century Center
1490 Century Arbor Ln. Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Section 8
Air Conditioning
4
$665
Autumn Ridge
1.8
3888 Autumn Ridge Court Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Section 8
Balcony/Deck/Patio
22
$ Ask - 1,629
Parcels At Concourse
1350 Concourse Avenue, Suite 750 Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
31 - 60 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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