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Apartments Under $700 in Memphis, TN

61 - 90 of 109 Results
5
$615
Country Oaks
6555 Country Oaks Circle Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Pool
22
$ Ask - 1,629
Parcels At Concourse
1350 Concourse Avenue, Suite 750 Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
5
$439 - 679
Mill Creek Apartments
2.7
Millbranch Dr Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Townhome
Balcony/Deck/Patio
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
$639 - 699
Timber Pines
1764 Gowan Dr Memphis, TN
1 - 2 BR | Available Now
Contact
$650
S Lauderdale St Unit 1664-
Memphis, TN
Studio | Apr. 1, 2026
Contact
4
$500 - 650
Cherry Crest Apartments
1460 Cherry Rd. Memphis, TN
1 - 3 BR | Available Now
Contact
Student
Dishwasher
5
$1 - 900
Greenbriar Apartments
3131 Madewell Memphis, TN
1 - 3 BR | Ask for Availability
Contact
Air Conditioning
Surface Parking
5
$675
3367 Hardin Ave
Memphis, TN
2 BR | Ask for Availability
Contact
Air Conditioning
11
$575
3582 Rockwood
Memphis, TN
2 BR | Available Now
Contact
House
1
$565
Melrose Place Apartments
2.0
3000 Barron Avenue Memphis, TN
2 BR | Available Now
Contact
Student
In Unit Laundry
17
$695
Newly Renovated 2-bedroom Apartment!
302 S Waldran Blvd Memphis, TN
2 BR | Ask for Availability
Contact
2
$599
Emerald Pointe Apartment
3315 Hickory Hill Road Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Balcony/Deck/Patio
Storage
1
$475
Melinda Apartments
4332 Melinda Memphis, TN
2 BR | Available Now
Contact
Air Conditioning
4
$545
1686 Kansas St
Memphis, TN
1 BR | Ask for Availability
Contact
9
$650 - 785
Southwind Lakes
8210 Storr Dr Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Income Restricted
Section 8
11
$695
The Granville House
4.0
157 Stonewall St. Memphis, TN
1 BR | Available Now
Contact
Balcony/Deck/Patio
4
$450
297 Fields
Memphis, TN
2 BR | Available Now
Contact
House
6
$675
Apartments For Rent In Crosstown!
1177 Linden Ave Apt 1 Memphis, TN
1 BR | Ask for Availability
Contact
$649 - 749
Cane Creek
1528 Ragan Street Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Income Restricted
Section 8
Air Conditioning
22
$675
Newly Renovated 1-bedroom Downtown!
290 S Waldran Blvd Memphis, TN
2 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
4
$495
1680 Kansas St
Memphis, TN
Studio - 1 BR | Ask for Availability
Contact
11
$500
2105 Swift
Memphis, TN
2 BR | Available Now
Contact
House
Den
3
$699
Mimosa Gardens
461 S Highland St Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Townhome
Storage
4
$635 - 890
Hedgerow
4733 Heather Row Memphis, TN
1 BR | Available Now
Contact
Income Restricted
Section 8
Pool
1
$500
1606 Victory
Memphis, TN
2 BR | Available Now
Contact
House
$500
911 Kney
Memphis, TN
2 BR | Available Now
Contact
House
Storage
61 - 90 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 268 one-bedroom apartments under $700 available for rent in Memphis.

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

Rentable.co has 585 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: March Rental Information

Welcome to the March 2026 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 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 March 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 $1,680
This month, the typical cost to rent a one-bedroom apartment in Memphis stands at $1,070, with the majority falling between $630 and $1,700. Out of the 3,920 one-bedroom apartments currently on the market in Memphis, 195 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
113
In March 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 122 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 March M/M % Change
Memphis, TN 113 +0.97%
West Memphis, AR 2 +1.18%
Southaven, MS 2 +1.0%
Robinsonville, MS 2 +1.0%
Horn Lake, MS 1 +1.0%
Marion, AR 0 +1.0%
Arlington, TN 0 +1.0%

Looking for Apartments Under $700 in Memphis?

Available apartments under $700 1,198
Top amenities Air Conditioning, Balcony/Deck/Patio, Refrigerator, Range / Oven, Pet Friendly Community
Deals 3
Pet friendly 145
Utilities included 23
Furnished 40
1 Bedroom 106
2 Bedroom 112
3 Bedroom 20
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