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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
5
$615
Country Oaks
6555 Country Oaks Circle Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Pool
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
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
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
5
$1 - 900
Greenbriar Apartments
3131 Madewell Memphis, TN
1 - 3 BR | Ask for Availability
Contact
Air Conditioning
Surface Parking
1
$645
1591 Locust
Memphis, TN
1 BR | Available Now
Contact
1
$695
888 Kerr Ave
Memphis, TN
2 BR | Available Now
Contact
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
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
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
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
1
$695
525 N Waldran Blvd Unit 4
Memphis, TN
1 BR | Available Now
Contact
3
$595
195 Hawthorne
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
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
0
$695
3044 Sinclair St
Memphis, TN
2 BR | Ask for Availability
Contact
2
$557
3384 Harmony Ct
Memphis, TN
3 BR | Ask for Availability
Contact
0
$679
Coronado Manor
2429 Ketchum Rd Memphis, TN
1 BR | Available Now
Contact
2
$588
3395 Steele Rd
Memphis, TN
3 BR | Ask for Availability
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
1
$599
Te - Spottswoodave3885
3885 Spottswood Ave Memphis, TN
1 BR | Available Now
Contact
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
11
$695
The Granville House
4.0
157 Stonewall St. Memphis, TN
1 BR | Available Now
Contact
Balcony/Deck/Patio
5
$25 - 992
Saints Courts Apartments
Deal
994 N Watkins St Memphis, TN
1 - 2 BR | Available Now
Contact
Income Restricted
1
$500 - 610
El Dorado Apartments
1.4
2743 Ketchum Road Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
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
$639 - 699
Timber Pines
1764 Gowan Dr Memphis, TN
1 - 2 BR | Available Now
Contact
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 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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