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Cheap Apartments in Memphis, TN

1 - 30 of 258 Results
10
$860
The Elevation at Autumn Ridge
6301 Village Grove Dr Memphis, TN
Studio | Available Now
Dog Friendly
Cat Friendly
Senior Community
31
$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
35
$760
The Park at Paisley
Deal
4.2
3315 Ridgeway Road Memphis, TN
1 BR | Jul. 24, 2026
Contact
Heat Included
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
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
34
3D Tour
$700
Allentown
4912 Raleigh-millington Road Memphis, TN
1 BR | Available Now
Contact
Virtual Tour
In Unit Laundry
Fitness Center
Storage
Dishwasher
17
$800
The Park at New Castle
Deal
6860 Quince Road Memphis, TN
1 BR | Aug. 18, 2026
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
7
$750
University Flats
3459 Southern Ave Ofc Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
8
$625 - 800
Springdale Apartments
Memphis, TN
1 - 3 BR | Available Now
Contact
1
$825
Studio Rasa - Bldg 1030
1030 Poplar Ave Memphis, TN
Studio | Available Now
Contact
37
$690 - 805
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
4
$825
Parkside Poplar Apartments
1969-1973 Poplar Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
29
$828 - 1,228
The Summit Apartments
Deal
4981 Hidden Lake Dr Memphis, TN
1 BR | Available Now
Contact
Heat Included
Air Conditioning
Balcony/Deck/Patio
Fitness Center
Pool
29
$813
Tillman Cove
3000 Binghampton Sq Ste 107 Memphis, TN
1 BR | Available Now
Contact
Luxury
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
Storage
13
$725 - 850
Overton Place
414 N Claybrook St #1 Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
16
$680 - 799
1938-2006 E Raines/Bonnie
Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
10
$750
2436 Charjean
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
16
$775
Graceland Flats – Modern Living In The Heart Of Whitehaven
3990 Barton Dr Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
15
$799
Crescent Bluff
46 Crescent Bluff Ct Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
4
$750
1280 Harbert Ave.
1280 Harbert Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
9
$850
1353 Vance Ave
1353 Vance Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
33
$803 - 1,581
The Junction
Deal
3341 Southern Ave Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Surface Parking
Dishwasher
6
$750
1640 Monroe
1640 Monroe St Memphis, TN
1 BR | Available Now
Contact
Disability Access
Dishwasher
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
9
$800
Kings Reserve Memphis
Deal
1550 N Pkwy Memphis, TN
1 BR | Aug. 8, 2026
Contact
Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
Pool
5
$1 - 900
Greenbriar Apartments
3131 Madewell Memphis, TN
1 - 3 BR | Ask for Availability
Contact
Air Conditioning
Surface Parking
46
$788 - 1,291
Greenbrook at Shelby Farms
4.6
1400 Greenbrook Parkway Memphis, TN
1 BR | Available Now
Contact
Luxury
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
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
10
$795
The Historic Almadura
2.5
175 Stonewall St. Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Disability Access
Dishwasher
17
$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
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
1 - 30 of 258 Results
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Frequently Asked Questions

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

There are 258 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 76 one-bedroom cheap apartments available for rent in Memphis.

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

Rentable.co has 95 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.

Which neighborhoods have the most cheap apartments for rent in Memphis, TN?

  1. Orange Mound

Cheap Apartments in Memphis, TN: July Rental Information

Welcome to the July 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 17 35 52 70 <$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
19
In the chart above, you'll find the current number of available cheap apartments in Memphis, TN and the surrounding cities. As of July 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 July M/M % Change
Memphis, TN 19 +1.03%
Robinsonville, MS 2 +1.0%
Southaven, MS 1 +1.0%
Horn Lake, MS 1 +1.0%
Walls, MS 0 +1.0%

Looking for Cheap Apartments in Memphis?

Available cheap apartments 215
Top amenities Fitness Center, Air Conditioning, Refrigerator, Range / Oven, Pet Friendly Community
Pet friendly 80
Utilities included 13
Furnished 38
1 Bedroom 38
2 Bedroom 44
3 Bedroom 16
Square footage 542 - 1,700
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