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Greenbrook at Shelby Farms
(833) 266-1411
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The Elevation at Autumn Ridge
(901) 329-8587
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The Junction
(662) 767-7460
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The Park at Hollyford
(901) 365-7469
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The Tower at Kent
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City View Towers - Seniors 62 & Older
(870) 771-3433
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The Lofts At Union Alley
(901) 459-3586
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Saints Courts Apartments
(901) 350-5518
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Foote Park At South City
(901) 979-0558
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Village Green Apartments
(901) 365-0236
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Forum Flats
(901) 677-3800
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1136 Railton - Available Now!
(901) 334-1919
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Cute House With Nice Back Yard
(901) 201-0989
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The Park at New Castle
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1927 S Pkwy
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302 Mill
(901) 683-8229 ext: 405
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The Coves At Yale
(901) 386-3538
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The Historic Almadura
(901) 276-3100
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The Reserve At Mt. Moriah
(855) 519-6534
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190 Hawthorne St
(901) 761-0655
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842 Alida Ave
(901) 560-7630
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1298 Carr Ave
(901) 281-4441
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Jefferson Place Apartments
(901) 529-8841
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The Gilmore
(901) 726-5575
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Mill Creek Apartments
(901) 345-9100
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3239 Nathan
(901) 683-8229 ext: 405
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Sycamore Lake
(901) 388-0583
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1863 Marjorie
(901) 725-7766
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3479 Tutwiler Ave
(901) 560-7630
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Arbors Of Century Center
(901) 382-5785
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Apartments Under $900 in Memphis, TN

1 of 47 Results
46
$881 - 1,580
Greenbrook at Shelby Farms
4.6
1400 Greenbrook Parkway Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
10
$875
The Elevation at Autumn Ridge
6301 Village Grove Dr Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Senior Community
10
$800
The Junction
Deal
3341 Southern Ave Memphis, TN
1 BR | Jul. 31, 2023
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Dishwasher
22
$850 - 890
The Park at Hollyford
2.6
6555 North Country Oaks Circle Memphis, TN
1 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
$800 - 900
The Tower at Kent
366 S Highland St Memphis, TN
1 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
14
$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
8
$775
The Lofts At Union Alley
5.0
110 Barboro Alley Memphis, TN
Studio | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Den
2
$1 - 250
Saints Courts Apartments
994 N Watkins St Memphis, TN
1 BR | Available Now
Contact
Income Restricted
20
$691 - 797
Foote Park At South City
521 Vance Park Place Memphis, TN
2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
8
$555 - 835
Village Green Apartments
Deal
2.6
3450 Fescue Lane Memphis, TN
1 - 3 BR | Available Now
Contact
Cat Friendly
Air Conditioning
Covered Parking
Balcony, Deck, Patio
Storage
10
$710
Forum Flats
5.0
290 Turley Ste. 128 Memphis, TN
1 BR | Available Now
Contact
Income Restricted
Balcony, Deck, Patio
Fitness Center
Dishwasher
15
$895
1136 Railton - Available Now!
1136 Railton Rd Memphis, TN
2 BR | Ask for Availability
Contact
House
7
$750
Cute House With Nice Back Yard
2718 Windsor Pkwy Memphis, TN
2 BR | Ask for Availability
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House
$850 - 900
The Park at New Castle
6860 Quince Road Memphis, TN
1 BR | Jun. 25, 2023
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
0
$650
1927 S Pkwy
Memphis, TN
2 BR | Ask for Availability
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6
$675
302 Mill
Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Balcony, Deck, Patio
Disability Access
Dishwasher
8
$575
The Coves At Yale
2.0
5022 Yale Rd Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Balcony, Deck, Patio
Dishwasher
10
$795
The Historic Almadura
Deal
2.5
175 Stonewall St. Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Disability Access
Dishwasher
10
$520 - 800
The Reserve At Mt. Moriah
1.3
2778 Pickering Drive Memphis, TN
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Section 8
Balcony, Deck, Patio
Dishwasher
6
$850 - 900
190 Hawthorne St
Memphis, TN
1 BR | Available Now
Contact
Balcony, Deck, Patio
Dishwasher
11
$895
842 Alida Ave
Memphis, TN
3 BR | Available Now
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House
Dishwasher
6
$750
1298 Carr Ave
Memphis, TN
Studio | Available Now
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Balcony, Deck, Patio
Disability Access
Dishwasher
13
$775
Jefferson Place Apartments
3.8
560 S. Jefferson Place Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
In Unit Laundry
15
$525 - 850
The Gilmore
3.9
6 South Mclean Blvd Memphis, TN
Studio - 1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
5
$439 - 799
Mill Creek Apartments
2.7
Millbranch Dr Memphis, TN
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Pool
7
$800
3239 Nathan
Memphis, TN
2 BR | Available Now
Contact
House
Dishwasher
16
$488 - 785
Sycamore Lake
1.9
2174 Westchester Rd. Memphis, TN
1 - 2 BR | Available Now
Contact
In Unit Laundry
Balcony, Deck, Patio
Fitness Center
Storage
Dishwasher
17
$875
1863 Marjorie
Memphis, TN
2 BR | Available Now
Contact
House
Storage
Dishwasher
8
$825
3479 Tutwiler Ave
Memphis, TN
2 BR | Available Now
Contact
House
30
$629 - 869
Arbors Of Century Center
1490 Century Arbor Ln. Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
In Unit Laundry
1 - 30 of 47 Results
  1. Home
  2. Memphis
  3. Apartments Under $900

How much does it cost to rent an apartment in Memphis?

Memphis Apartments
Bed Type Average Rent Range
Studio $1,100 $690 - $2,020
1BR $1,000 $560 - $1,670
2BR $1,140 $640 - $1,800
3BR $1,250 $730 - $2,300
4+BR $1,570 $660 - $2,840
Frequently Asked Questions

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

Rentable.co has over 18,014 apartments available in Memphis.

What is the average rent for a studio apartment in Memphis, TN?

The average rent for a studio apartment in Memphis is around $1,100 per month.

What is the average rent for a one-bedroom apartment in Memphis, TN?

The average rent for a one-bedroom apartment in Memphis is around $1,000 per month.

What is the average rent for a two-bedroom apartment in Memphis, TN?

The average rent for a two-bedroom apartment in Memphis is around $1,140 per month.

How expensive is living in Memphis, TN?

Based on average rent prices in Memphis, to afford a studio apartment you would need an annual salary of $44,000 to live comfortably.

How many apartments under $900 are available in Memphis, TN on Rentable.co?

Rentable.co has 47 apartments under $900 available for rent in Memphis.

Which neighborhoods have the most apartments under $900 for rent in Memphis, TN?

  1. Voillintine-Evergreen
  2. Downtown Memphis
  3. South Forum
  4. New Chicago

Asset 2
Apartments by Bedrooms
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3 Bedroom Apartments
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Apartments by Affordability
Apartments Under $700
Apartments Under $1,200
Apartments Under $1,000
Apartments Under $900
Apartments Under $800
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Apartments Under $500
Cheap Apartments
Apartments with Amenities
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Memphis:
June Rent Report

Welcome to the June 2023 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 2023 key findings and figures for the Memphis rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Memphis and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Memphis average rent prices in the chart below.

Monthly Rent Report

Memphis Rent Prices Increase From May to June

Memphis rent prices increased over the last month. From May to June, the city experienced a 0.7% increase for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $1,003.0.

When we take a look at the two-bedroom comparison from May to June, Memphis experienced a 0.71% increase for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,137.0.

June Prices: Memphis vs. Surrounding Areas

Rent Prices in Memphis and Surrounding Areas

Rent prices have increased in Memphis over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Memphis suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Cordova, TN, Southaven, MS .

  • Rent decreased in Collierville, TN, Horn Lake, MS, Walls, MS, Germantown, TN.

  • 5 suburbs are currently priced higher than the city of Memphis.

  • 1 suburb is currently priced lower than the city of Memphis.

June 2023 Pricing Trends: Memphis vs. National Comparisons

Memphis Rent Prices More Affordable Than Major Cities

Rent growth in Memphis over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Memphis average rent prices appear to be relatively affordable for local residents.

The price for a Memphis one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Memphis and surrounding area rent prices, take a look at the complete data set below.

Data set for Memphis and suburbs

1 BR June 1 BR M/M % Change 2 BR June 2 BR M/M % Change
Memphis, TN $996.0 1.43% $1,129.0 -0.62%
Cordova, TN $1,457.0 1.25% $1,579.0 -0.25%
Southaven, MS $1,470.0 5.53% $1,477.0 0.20%
Collierville, TN $1,376.0 -0.43% $1,689.0 1.56%
Horn Lake, MS $1,288.0 -1.45% $1,351.0 -1.32%
Walls, MS $985.0 0.00% $1,235.0 2.83%
Germantown, TN $1,499.0 0.00% $1,834.0 0.22%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.