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Cheap Apartments in Memphis, TN

1 - 30 of 240 Results
10
$860 - 875
The Elevation at Autumn Ridge
6301 Village Grove Dr Memphis, TN
Studio | Available Now
Dog Friendly
Cat Friendly
Senior Community
17
$800 - 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
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
12
$825
Hawthorne Street
190 Hawthorne St Memphis, TN
Studio | 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
7
$750
University Flats
3459 Southern Ave Ofc Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
9
$650
Student Lofts At Brister, Bldg 106
613 Brister St Memphis, TN
1 BR | Available Now
Contact
Balcony/Deck/Patio
8
$625 - 800
Springdale Apartments
Memphis, TN
1 - 3 BR | Available Now
Contact
1
$750
Renovated House In Quite Neighborhood
1475 Pope St Memphis, TN
2 BR | Available Now
Contact
House
1
$700
2119 Hunter
Memphis, TN
2 BR | Dec. 15, 2025
Contact
House
0
$695
Te - Spottswoodave3885
3885 Spottswood Ave Memphis, TN
1 BR | Available Now
Contact
1
$845
2225 Riley Ave
2225 Riley Aly Memphis, TN
3 BR | Available Now
Contact
Cat Friendly
House
4
$775 - 875
1626 Monroe Ave.
1626 Monroe Memphis, TN
1 - 2 BR | Dec. 19, 2025
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
16
$695 - 849
1938-2006 E Raines/Bonnie
Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
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
4
$850
Parkside Poplar Apartments
1969-1973 Poplar Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
49
$790
Uptown Square Apartments
252 North Lauderdale Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
11
$850
1353 Vance Ave
1353 Vance Memphis, TN
2 BR | Dec. 19, 2025
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
37
$715 - 780
Summer Trace Apartments
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
$850
Graceland Flats – Modern Living In The Heart Of Whitehaven
3990 Barton Dr Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
24
$750 - 850
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
18
$659 - 759
University Gardens Manor
2059 N Cabana Cir Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Disability Access
25
$810 - 1,589
The Junction
3341 Southern Ave Memphis, TN
1 BR | Jan. 23, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Dishwasher
46
$751 - 1,529
Greenbrook at Shelby Farms
4.6
1400 Greenbrook Parkway Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
5
$625
Pinebrook Pointe Apartment Homes
3541 Mediterranean Dr Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
In Unit Laundry
1
$675
Hubbard Ave 2367-2369 (duplex) - Ah
2367 Hubbard Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$800 - 850
3605 Mynders Ave
Memphis, TN
1 BR | Available Now
Contact
Disability Access
Dishwasher
12
$710
Charming 2-bedroom Brick Home With Bright Character And Natural Light
815 Lucille Ave Memphis, TN
2 BR | Ask for Availability
Contact
House
Air Conditioning
4
$695
3 Br In Memphis
685 Northaven Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
1
$600
1160 SPRINGDALE
Memphis, TN
1 BR | Available Now
Contact
1 - 30 of 240 Results
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Frequently Asked Questions

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

There are 240 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 $350.

How many studio cheap apartments are available in Memphis?

Rentable.co has 15 studio cheap apartments available for rent in Memphis.

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

Rentable.co has 82 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 $14,000.

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 $1,070, with the majority falling between $630 and $1,570. Out of the 3,479 one-bedroom apartments currently on the market in Memphis, 8 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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