Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Memphis area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

Apartments Under $700 in Memphis, TN

31 - 60 of 111 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
15
$685
3023 Josibpet Ln
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Air Conditioning
1
$695
Very Nice Duplex In Berclair
1007 National St Memphis, TN
2 BR | Available Now
Contact
House
1
$699
Redwood Estates Homes
4144 Thomas St Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
1
$675
Newly Renovated 2 Bedroom 1 Bathroom - Open To Section 8
2187 Clayton Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$525
Scott Street Apartments
304 Scott St Memphis, TN
1 BR | Available Now
Contact
Dishwasher
1
$695
888 Kerr Ave
Memphis, TN
2 BR | Available Now
Contact
0
$650
3755 Fairmont Ave
Memphis, TN
1 BR | Ask for Availability
1
$625
Charming 1 Bedroom, 1 Bath | Open To Section 8
2255 Marble Ave Memphis, TN
1 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
Charming 2 Bedroom 1 Bathroom Apartment
1025 S Wellington St Unit 3 Memphis, TN
2 BR | Available Now
Contact
House
1
$695
Newly Renovated House On A Quiet Street
701 Lyman 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
1
$600
Under Repair! Move In Special $250 Off First Months Rent!!
635 Mcwhirter St Memphis, TN
2 BR | Available Now
Contact
House
3
$625
1742 Lawrence Ave
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$700
Westside Manor
931 Frayser Blvd Memphis, TN
1 BR | Available Now
Contact
1
$550
Charming Brick Duplex In Midtown - Open To Section 8 - $99 Move In Special
2219 Clayton Ave Memphis, TN
1 BR | Available Now
Contact
House
0
$695
244 Garland St
Memphis, TN
1 BR | Ask for Availability
Contact
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
$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
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
5
$585 - 655
Summer Trace Apartments
6015 Summer Trace Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Dishwasher
Pool
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
5
$620
The Summit Apartments
4981 Hidden Lake Drive Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Balcony/Deck/Patio
Fitness Center
17
$630 - 900
Hickory Farm
3.5
3822 Hickory Farm Drive Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Disability Access
Dishwasher
Pool
15
$665 - 1,207
Madison Cypress Lakes
1.7
6860 Quince Road Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Fitness Center
Pool
17
$100 - 350
City View Towers - Seniors 62 & Older
256 S Camilla St Memphis, TN
1 BR | Available Now
Contact
Heat Included
Senior Community
Income Restricted
Air Conditioning
Surface Parking
31 - 60 of 111 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 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
Browse Memphis Apartments
Memphis Apartments by Neighborhood
Memphis Apartments by Bedrooms
Memphis Apartments by Affordability
Memphis Apartments with Amenities
Memphis Apartments by Type
Colleges Near Memphis
Memphis Apartments by Zip Code