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Apartments Under $700 in Memphis, TN

31 - 60 of 113 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
11
$625
847 Ayers St
Memphis, TN
1 BR | Available Now
Contact
House
21
$675
1751 Bismark St
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
35
$599
1763 E Raines Rd Apt Memphis
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
2
$588
3395 Steele Rd
Memphis, TN
3 BR | Ask for Availability
Contact
1
$625
1861 Corning
1861 Corning Ave Memphis, TN
2 BR | Oct. 16, 2026
Contact
0
$650
3755 Fairmont Ave
Memphis, TN
1 BR | Ask for Availability
2
$696
3155 Sharpe Ave
Memphis, TN
1 BR | Ask for Availability
Contact
0
$699
Coronado Manor
2429 Ketchum Rd Memphis, TN
1 BR | Available Now
Contact
0
$695
3044 Sinclair St
Memphis, TN
2 BR | Ask for Availability
Contact
1
$695
525 N Waldran Blvd Unit 4
Memphis, TN
1 BR | Available Now
Contact
1
$695
888 Kerr Ave
Memphis, TN
2 BR | Available Now
Contact
1
$599
Te - Spottswoodave3885
3885 Spottswood Ave Memphis, TN
1 BR | Available Now
Contact
1
$695
Brister Apartments
3606 Walker Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$650
Tiger - 3516
3516 Carnes Ave Memphis, TN
1 BR | Available Now
Contact
1
$650
2 Bedroom Available Now!!!!
3083 Guernsey Ave Memphis, TN
2 BR | Available Now
Contact
House
1
$645
1591 Locust
Memphis, TN
1 BR | Available Now
Contact
1
$690
820 Maury St
Memphis, TN
1 BR | Available Now
Contact
Voillintine-Evergreen
1
$665
1415 Breedlove St
Memphis, TN
1 BR | Ask for Availability
Contact
Air Conditioning
New Chicago
2
$557
3384 Harmony Ct
Memphis, TN
3 BR | Ask for Availability
Contact
0
$679
Scenic Hills
3108 New Allen Rd Memphis, TN
1 BR | Available Now
Contact
1
$550
Scott Street Apartments
304 Scott St Memphis, TN
1 BR | Available Now
Contact
15
$525 - 665
The Gilmore
3.9
6 South Mclean Blvd Memphis, TN
Studio | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
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
$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
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
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
31 - 60 of 113 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 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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