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Cheap Apartments in Memphis, TN

1 - 30 of 293 Results
10
$860 - 875
The Elevation at Autumn Ridge
6301 Village Grove Dr Memphis, TN
Studio | Available Now
Dog Friendly
Cat Friendly
Senior Community
16
$799 - 1,019
The Canopy 2200
5770 Tangle Oaks Drive Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Pool
22
$900
The Park at Hollyford
Deal
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
17
$800 - 895
The Park at New Castle
Deal
6860 Quince Road Memphis, TN
1 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
12
$825
Hawthorne Street
190 Hawthorne St Memphis, TN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
20
$899
Eleven60 Apartments
1160 Jefferson Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
7
$750
University Flats
3459 Southern Ave Ofc Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
5
$700
Berclair
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
10
$895
Allison Gardens Apartments
427 N Graham Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$750
1591 Locust
Memphis, TN
1 BR | Available Now
Contact
1
$750
Renovated House In Quite Neighborhood
1475 Pope St Memphis, TN
2 BR | Available Now
Contact
House
3
$900
Printer's Alley Lofts
347 S Front St Memphis, TN
1 BR | Available Now
Contact
South Forum
1
$725
Newly Renovated House On A Quiet Street
701 Lyman Memphis, TN
2 BR | Available Now
Contact
House
1
$700
2119 Hunter
Memphis, TN
3 BR | Available Now
Contact
House
1
$900
Renovated House In Quite Neighborhood
1507 Wilson St Memphis, TN
2 BR | Available Now
Contact
Cat Friendly
House
14
$890
Getwell Pointe Apartments
2973-3007 Getwell Rd Memphis, TN
1 BR | Jan. 5, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
37
$720 - 770
Summer Trace Apartments
Deal
3.2
6015 Summer Trace Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
11
$850
1353 Vance Ave
1353 Vance Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
16
$695 - 849
1938-2006 E Raines/Bonnie
Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
4
$750 - 825
1626 Monroe Ave.
1626 Monroe Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
29
$821 - 1,138
The Summit Apartments
Deal
4981 Hidden Lake Dr Memphis, TN
1 - 2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Fitness Center
29
$750 - 839
Tillman Cove
3000 Binghampton Sq Ste 107 Memphis, TN
1 BR | Dec. 28, 2025
Contact
Luxury
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
Storage
46
$745 - 1,626
Greenbrook at Shelby Farms
4.6
1400 Greenbrook Parkway Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
12
$900
Spottswood Manor Townhomes
Spottswood Manor Dr Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
16
$850
Graceland Flats – Modern Living In The Heart Of Whitehaven
3990 Barton Dr Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
18
$659 - 759
University Gardens Manor
2059 N Cabana Cir Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Disability Access
24
$750 - 900
Lakes At Ridgeway
5995 Waterstone Oak Way Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
10
$900
Gorgeous Renovated 1 & 2 Bedroom Apartment @ 1512 Court
1512 Court Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Dishwasher
39
$900
Covington Hills
Deal
4800 Raleigh Lagrange Rd Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Storage
10
$495
1210 N. Evergreen
Memphis, TN
1 BR | Jan. 11, 2026
Contact
Dog Friendly
Cat Friendly
Storage
1 - 30 of 293 Results
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Frequently Asked Questions

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

There are 293 cheap apartments in Memphis currently available for rent on Rentable.co.

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

The average monthly rent for a cheap apartment in Memphis is about $190.

How many studio cheap apartments are available in Memphis?

Rentable.co has 14 studio cheap apartments available for rent in Memphis.

How many one-bedroom cheap apartments are available in Memphis?

Rentable.co has 83 one-bedroom cheap apartments available for rent in Memphis.

How many two-bedroom cheap apartments are available in Memphis?

Rentable.co has 97 two-bedroom cheap apartments available for rent in Memphis.

Can I afford a cheap apartment in Memphis, TN?

To comfortably afford a cheap apartment in Memphis based on average rent prices, a household would need an annual income of $8,000.

Cheap Apartments in Memphis, TN: December Rental Information

Welcome to the December 2025 Memphis Apartment Report. In this overview of the local rental market, Rentable's rental experts and data scientists present the key findings and figures for the Memphis rental landscape.

Our experts have analyzed the inventory trends for cheap apartments in Memphis, specifically those that are available for under $1,000 per month. We examine the overall market rent distribution and provide insights into the availability of apartments based on bedroom count. Additionally, we compare the data on a month-over-month basis to help renters understand the rental landscape in Memphis and its surrounding areas.

This summary also highlights the various features and amenities that renters can expect to find in apartments under $1,000 in Memphis. We also offer information on different location options within the city for renters seeking affordable apartments. Whether you're looking for a studio or a multi-bedroom apartment, this report will provide you with valuable insights to help you in your apartment search in Memphis.
0 12 25 37 50 <$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 $1,060, with the majority falling between $620 and $1,700. Out of the 3,619 one-bedroom apartments currently on the market in Memphis, 9 are priced below $400, accounting for 0% of the total available one-bedroom units in Memphis.

Available Cheap Apartments: Memphis vs. Surrounding Areas

Memphis, TN
23
In the chart above, you'll find the current number of available cheap apartments in Memphis, TN and the surrounding cities. As of December 2025, the inventory shows the number of affordable housing options in Memphis as well as West Memphis, Southaven, Olive Branch, Germantown, Lakeland, Millington, Munford, Arlington, Piperton, Bartlett, Collierville, Hernando, Marion, Robinsonville, Walls, Cordova, Horn Lake, Joiner, Turrell, and Nesbit. This data reflects the total inventory of cheap apartments in the Memphis, TN metro area, giving you an idea of the current availability in the region.

Cheap Apartments Now vs. Last Month: Memphis and Surrounding Areas

City Cheap Apartments in December M/M % Change
Memphis, TN 24 +1.01%
Robinsonville, MS 2 +1.08%
Southaven, MS 1 +1.0%
Horn Lake, MS 1 +1.0%
Bartlett, TN 1 +0.5%

Looking for Cheap Apartments in Memphis?

Available cheap apartments 227
Top amenities Fitness Center, Air Conditioning, Refrigerator, Range / Oven, Pet Friendly Community
Pet friendly 81
Utilities included 13
Furnished 38
1 Bedroom 40
2 Bedroom 44
3 Bedroom 18
Square footage 542 - 1,606
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