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Cheap Apartments in Memphis, TN

1 - 30 of 295 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
Deal
5770 Tangle Oaks Drive Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Pool
22
$875 - 900
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
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
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
12
$750 - 850
Hawthorne Street
190 Hawthorne St Memphis, TN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
9
$695
Student Lofts At Brister, Bldg 106
613 Brister St Memphis, TN
1 BR | Available Now
Contact
Balcony/Deck/Patio
1
$695
1591 Locust
Memphis, TN
1 BR | Available Now
Contact
1
$895
Renovated House In Quite Neighborhood
1659 S Cooper St Memphis, TN
3 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
$750
Renovated House In Quite Neighborhood
1475 Pope St Memphis, TN
2 BR | Available Now
Contact
House
4
$850
1353 Vance Ave
1353 Vance Memphis, TN
2 BR | Apr. 17, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
29
$839
Tillman Cove
3000 Binghampton Sq Ste 107 Memphis, TN
1 BR | Available Now
Contact
Luxury
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
Storage
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
4
$795
Parkside Poplar Apartments
1969-1973 Poplar Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
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
14
$890
Getwell Pointe Apartments
2973-3007 Getwell Rd Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
37
$705 - 785
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
13
$725 - 875
Overton Place
Deal
414 N Claybrook St #1 Memphis, TN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
29
$753 - 1,152
The Summit Apartments
Deal
4981 Hidden Lake Dr Memphis, TN
1 BR | Mar. 12, 2026
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
4
$750
1626 Monroe Ave.
1626 Monroe Memphis, TN
1 BR | Feb. 20, 2026
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
20
$899
Eleven60 Apartments
1160 Jefferson Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
17
3D Tour
$853
MAA Southwind
Deal
8345 Championship Dr Memphis, TN
1 BR | May. 7, 2026
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
16
$850 - 899
Graceland Flats – Modern Living In The Heart Of Whitehaven
3990 Barton Dr Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
12
$900
Spottswood Manor Townhomes
Spottswood Manor Dr Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
17
$795
2164 Harbert West
Memphis, TN
1 BR | Apr. 17, 2026
Contact
Dog Friendly
Cat Friendly
12
$750
Great 2 Bedroom Apartment In Midtown!
147 Stonewall St #11 Memphis, TN
2 BR | Feb. 16, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
11
$875
3350 Ashland St
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
1 - 30 of 295 Results
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Frequently Asked Questions

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

There are 295 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.

Cheap Apartments in Memphis, TN: February Rental Information

Welcome to the February 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
21
In the chart above, you'll find the current number of available cheap apartments in Memphis, TN and the surrounding cities. As of February 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 February M/M % Change
Memphis, TN 22 +1.04%
Robinsonville, MS 2 +1.0%
Southaven, MS 1 +1.0%
Horn Lake, MS 1 +1.0%
Cordova, TN 0 +1.0%
Bartlett, TN 0 +1.5%

Looking for Cheap Apartments in Memphis?

Available cheap apartments 213
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 15
Square footage 542 - 1,618
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