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Cheap Apartments in Memphis, TN

1 - 30 of 245 Results
10
$860
The Elevation at Autumn Ridge
6301 Village Grove Dr Memphis, TN
Studio | Available Now
Dog Friendly
Cat Friendly
Senior Community
15
$799 - 1,019
The Canopy 2200
Deal
5770 Tangle Oaks Drive Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Pool
35
$855
The Park at Paisley
Deal
4.2
3315 Ridgeway Road Memphis, TN
1 BR | Nov. 4, 2026
Contact
Heat Included
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
86
$835
The Park at New Castle
Deal
6860 Quince Road Memphis, TN
1 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Fitness Center
45
$810 - 870
The Tower at Kent
Deal
366 S Highland St Memphis, TN
1 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
5
$700 - 825
Berclair
Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
7
$750
University Flats
3459 Southern Ave Ofc Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
9
$850
Perfect Midtown Location
2780 Madison Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
10
$850
Allison Gardens Apartments
427 N Graham Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
8
$625 - 800
Springdale Apartments
Memphis, TN
1 - 3 BR | Available Now
Contact
3
$850
Spacious 2 Bedroom Apartments In Raleigh – Raleigh Pines
2783-2799 Beverly Hill St Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$850
2115 Bennett
Memphis, TN
2 BR | Available Now
Contact
House
1
$645
1591 Locust
Memphis, TN
1 BR | Available Now
Contact
1
$795
Newly Renovated Unit In Heart Of Memphis
291 Red Oak St Memphis, TN
2 BR | Available Now
Contact
House
13
$725
Overton Place
414 N Claybrook St #1 Memphis, TN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
18
$659 - 820
University Gardens Manor
2059 N Cabana Cir Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Disability Access
32
$779 - 1,700
The Junction
3341 Southern Ave Memphis, TN
1 - 2 BR | Available Now
Contact
Air Conditioning
Surface Parking
Dishwasher
9
$725
Kings Reserve Memphis
Deal
1550 N Pkwy Memphis, TN
Studio | Nov. 21, 2026
Contact
Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
Pool
46
$769 - 1,259
Greenbrook at Shelby Farms
Deal
4.6
1400 Greenbrook Parkway Memphis, TN
1 BR | Available Now
Contact
Luxury
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
29
$844 - 1,159
The Summit Apartments
4981 Hidden Lake Dr Memphis, TN
1 BR | Available Now
Contact
Heat Included
Luxury
Air Conditioning
Covered Parking
Balcony/Deck/Patio
14
$805
Getwell Pointe Apartments
2973-3007 Getwell Rd Memphis, TN
2 BR | Oct. 10, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
37
$696 - 798
Summer Trace Apts
3.2
6015 Summer Trace Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
16
$680 - 799
1938-2006 E Raines/Bonnie
Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
4
$725
1626 Monroe Ave.
1626 Monroe Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
14
$599 - 695
Tiger Estates
3875 Spottswood Ave Memphis, TN
1 BR | Available Now
Furnished
Storage
Disability Access
Dishwasher
4
$795 - 810
Parkside Poplar Apartments
1969-1973 Poplar Ave Memphis, TN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
10
$799
Graceland Flats – Modern Living In The Heart Of Whitehaven
3990 Barton Dr Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
16
$725
Wildhorse 839
839 Pearce St Memphis, TN
2 BR | Nov. 20, 2026
Contact
Dog Friendly
Cat Friendly
1
$550
165 N Merton
165 N Merton Ave Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Storage
Disability Access
11
$750
Student Housing
3570 Spottswood Ave Ste 102 Memphis, TN
1 BR | Ask for Availability
Contact
Air Conditioning
In Unit Laundry
Dishwasher
1 - 30 of 245 Results
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Frequently Asked Questions

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

There are 245 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 $380.

How many studio cheap apartments are available in Memphis?

Rentable.co has 11 studio cheap apartments available for rent in Memphis.

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

Rentable.co has 34 one-bedroom cheap apartments available for rent in Memphis.

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

Rentable.co has 31 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 $15,000.

Cheap Apartments in Memphis, TN: October Rental Information

Welcome to the October 2026 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 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

Available Cheap Apartments: Memphis vs. Surrounding Areas

Memphis, TN
20
In the chart above, you'll find the current number of available cheap apartments in Memphis, TN and the surrounding cities. As of October 2026, 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 October M/M % Change
Memphis, TN 20 +1.0%
Robinsonville, MS 2 +1.0%
Cordova, TN 2 +0.63%
Horn Lake, MS 1 +1.1%
Southaven, MS 1 +1.0%

Looking for Cheap Apartments in Memphis?

Available cheap apartments 89
Top amenities Air Conditioning, Refrigerator, Cable Ready, High Speed Internet, Secured Entry
Pet friendly 59
Utilities included 13
Furnished 38
1 Bedroom 27
2 Bedroom 27
3 Bedroom 10
Square footage 513 - 1,605
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