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Apartments Under $700 in Memphis, TN

91 - 111 of 111 Results
$380 - 565
Charter Oak Apartments
5473 Vander Oak Drive Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Income Restricted
Section 8
Air Conditioning
$500
911 Kney
Memphis, TN
2 BR | Available Now
Contact
House
Storage
1
$525 - 600
Barron Court Apartments
2.4
1175 Barron Court Memphis, TN
2 BR | Available Now
In Unit Laundry
1
$400
1493 Gaither St
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
3
$425
The Peach Apartments
1330 Peach Ave Memphis, TN
1 BR | Available Now
Contact
1
$350
660 Jennette
Memphis, TN
2 BR | Available Now
Contact
House
1
$650
2119 Benford St
Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Den
1
$650
1135 Melrose St
Memphis, TN
2 BR | Ask for Availability
Contact
1
$450
2414-2416 Shasta
Memphis, TN
1 BR | Ask for Availability
Contact
1
$495
1386 Court Ave
Memphis, TN
1 BR | Ask for Availability
Contact
1
$675
Fantastic Whitehaven Apartment!
4050 Barton Dr Memphis, TN
1 BR | Ask for Availability
Contact
1
$475
3803 Given
Memphis, TN
2 BR | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
1
$675
Mayflower Apartments
35 N. Mclean Memphis, TN
1 BR | Available Now
Contact
1
$500
1606 Victory
Memphis, TN
2 BR | Available Now
Contact
House
1
$599
786 Carson
Memphis, TN
3 BR | Available Now
Contact
House
1
$499
2109 Farrington
Memphis, TN
2 BR | Available Now
Contact
House
$475 - 585
Longview Gardens
1.8
1726 S. Orleans Street Memphis, TN
2 BR | Available Now
$575
865 N Bingham St
Memphis, TN
1 BR | Ask for Availability
Contact
$545 - 675
Mill Creek Apartments
1.8
4537 Mill Stream Dr. Memphis, TN
1 - 2 BR | Available Now
$595 - 650
The Woodlands
1301 Goodbar Ave Memphis, TN
2 BR | Available Now
91 - 111 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
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