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Apartments Under $700 in Memphis, TN

31 - 60 of 109 Results
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
7
$650
Move-in Special In 38112
3102 Allison Ave Memphis, TN
1 BR | Ask for Availability
Contact
House
5
$675
39 North Merton Street, Unit 39 N Merton Apt. 2
Memphis, TN
1 BR | Available Now
Contact
Cat Friendly
7
$595
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
$645
1591 Locust
Memphis, TN
1 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
Contact
House
0
$699
Coronado Manor
2429 Ketchum Rd Memphis, TN
1 BR | Available Now
Contact
0
$695
Available Now: Charming 2 Bed, 1.5 Bath Duplex Home!
5190 Flowering Peach Dr Memphis, TN
2 BR | Ask for Availability
Contact
House
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
5
$25 - 992
Saints Courts Apartments
Deal
994 N Watkins St Memphis, TN
1 - 2 BR | Available Now
Contact
Income Restricted
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
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
1
$695
888 Kerr Ave
Memphis, TN
2 BR | Available Now
Contact
0
$679
Scenic Hills
3108 New Allen Rd Memphis, TN
1 BR | Available Now
Contact
1
$695
Charming 2 Bedroom 1 Bath Duplex - Open To Section 8
1463 Boxwood St Memphis, TN
2 BR | Available Now
Contact
House
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
1
$495
Wynn 1303
1303 E Trigg Ave Memphis, TN
1 BR | Jun. 15, 2026
Contact
1
$695
Come See This Charming 1 Bedroom 1 Bathroom Duplex Off Of S. Parkway
1452 Oaklawn St Memphis, TN
1 BR | Available Now
Contact
House
1
$450
Freshly Painted Apartment In Memphis
1499-1501 N Merton St Memphis, TN
2 BR | Ask for Availability
Contact
0
$695
3044 Sinclair St
Memphis, TN
2 BR | Ask for Availability
Contact
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
4
$500 - 650
Cherry Crest Apartments
1460 Cherry Rd. Memphis, TN
1 - 3 BR | Available Now
Contact
Student
Dishwasher
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
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
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 398 one-bedroom apartments under $700 available for rent in Memphis.

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

Rentable.co has 822 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. Orange Mound

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

Welcome to the June 2026 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 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 June 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 17 35 52 70 <$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 $1,570. Out of the 4,419 one-bedroom apartments currently on the market in Memphis, 288 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
116
In June 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 130 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 June M/M % Change
Memphis, TN 116 +0.99%
West Memphis, AR 2 +0.91%
Southaven, MS 2 +1.0%
Robinsonville, MS 2 +1.0%
Horn Lake, MS 1 +1.0%
Marion, AR 0 0.0%
Walls, MS 0 +1.0%

Looking for Apartments Under $700 in Memphis?

Available apartments under $700 1,334
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Pet Friendly Community
Deals 5
Pet friendly 172
Utilities included 50
Furnished 40
1 Bedroom 107
2 Bedroom 115
4 Bedroom 31

Where are Memphis Apartments Under $700?

Top Neighborhoods South forum, New chicago, Orange mound
South Forum 1
New Chicago 1
Orange Mound 1
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