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Apartments Under $700 in Memphis, TN

31 - 60 of 112 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
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
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
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
1
$696
3155 Sharpe Ave
Memphis, TN
1 BR | Ask for Availability
Contact
1
$650
515 Carpenter
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$600
25 S. Barksdale
Memphis, TN
1 BR | Feb. 12, 2027
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$550
Studio Apartment In Midtown
1435 Madison Ave #6 Memphis, TN
Studio | Available Now
Contact
1
$695
511 513 Boston St
Memphis, TN
1 BR | Available Now
Contact
1
$550
Clarke 3619
3619 Marion Ave Memphis, TN
1 BR | Available Now
Contact
0
$639 - 699
Timber Pines
1764 Gowan Dr Memphis, TN
1 - 2 BR | Available Now
Contact
1
$695
525 N Waldran Blvd Unit 4
Memphis, TN
1 BR | Available Now
Contact
2
$588
3395 Steele Rd
Memphis, TN
3 BR | Ask for Availability
Contact
1
$650
Recently Renovated 1 Bedroom Duplex Ready For Move-in!!
682 Lipford St Memphis, TN
1 BR | Available Now
Contact
Cat Friendly
House
0
$675
Coronado Manor
2429 Ketchum Rd Memphis, TN
1 BR | Available Now
Contact
1
$675
Camelot Manor
3167 Ashwood St Memphis, TN
1 BR | Available Now
Contact
0
$679
Scenic Hills
3108 New Allen Rd Memphis, TN
1 BR | Available Now
Contact
1
$595
Campbell 322
322 Hodges St Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$450
Scott Street Apartments
304 Scott St Memphis, TN
1 BR | Available Now
Contact
3
$695
1742 Lawrence Ave
Memphis, TN
1 BR | Nov. 20, 2026
Contact
Dog Friendly
Cat Friendly
1
$625
1861 Corning
1861 Corning Ave Memphis, TN
2 BR | Available Now
Contact
0
$675
Eden Pointe
4427 Knight Arnold Rd Memphis, TN
1 BR | Available Now
Contact
1
$650
Campbell 952
952 Emmie St Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$695
888 Kerr Ave
Memphis, TN
2 BR | Available Now
Contact
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
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
31 - 60 of 112 Results
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  2. Memphis
  3. Apartments Under $700
Frequently Asked Questions

How many apartments under $700 are available in Memphis, TN on Rentable.co?

There are 112 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 270 one-bedroom apartments under $700 available for rent in Memphis.

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

Rentable.co has 628 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: November Rental Information

Welcome to the November 2026 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 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 November 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 15 30 45 60 <$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 $1,620. Out of the 4,644 one-bedroom apartments currently on the market in Memphis, 233 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
117
In November 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 124 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 November M/M % Change
Memphis, TN 118 +1.01%
West Memphis, AR 2 +1.14%
Robinsonville, MS 2 +1.0%
Cordova, TN 2 +0.87%
Southaven, MS 2 +1.2%
Horn Lake, MS 1 +1.0%

Looking for Apartments Under $700 in Memphis?

Available apartments under $700 1,104
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Pet Friendly Community
Deals 89
Pet friendly 210
Utilities included 110
Furnished 41
1 Bedroom 95
2 Bedroom 92
4 Bedroom 81
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