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Cheap Apartments in Memphis, TN

1 - 30 of 225 Results
46
$861 - 1,551
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
10
$875
The Elevation at Autumn Ridge
6301 Village Grove Dr Memphis, TN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Senior Community
17
$869 - 999
Tanglewood
Deal
5770 Tangle Oaks Drive Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Pool
29
$885
University Place Apartments
Deal
3.3
1045 East Eh Crump Blvd Memphis, TN
1 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Townhome
Air Conditioning
31
$875
The Tower at Kent
366 S Highland St Memphis, TN
1 BR | Apr. 1, 2025
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
22
$885
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 - 835
The Park at New Castle
6860 Quince Road Memphis, TN
1 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
19
$691 - 797
Foote Park At South City
521 Vance Park Place Memphis, TN
2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
7
$750
University Flats
3459 Southern Ave Ofc Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
0
$780 - 825
1938-2006 E Raines/Bonnie
Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$845
195 Hawthorne
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
1
$795
1742 Lawrence Apartments
1742 Lawrence Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
25
$830 - 1,624
The Junction
Deal
3341 Southern Ave Memphis, TN
1 BR | Mar. 21, 2025
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
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
4
$850
Parkside Poplar Apartments
1969-1973 Poplar Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
9
$775
1632 Monroe Ave.
1632 Monroe St Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Balcony/Deck/Patio
Storage
37
$770 - 885
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
6
$825
Look, Lease & Get 1 Month Free On Select Floor Plans!! - Call Us Today For More Details!!!
6332 Village Grove Dr Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Pool
12
$850
Hawthorne Street
190 Hawthorne St Memphis, TN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
15
$625
Studio Apartment In Midtown
1435 Madison Ave #6 Memphis, TN
Studio | Mar. 20, 2025
Contact
1
$800
96 North McLean
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
1
$750
Vinton Avenue Apartments
1307 Vinton Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
0
$795
Idlewild Terrace
34-38 N Idlewild Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
4
$720
1767 E Raines Rd Apt Memphis
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$700
641 Mc Whirter
Memphis, TN
2 BR | Available Now
Contact
House
1
$875
2743 Supreme
Memphis, TN
3 BR | May. 9, 2025
Contact
Dog Friendly
Cat Friendly
House
Storage
Orange Mound
1
$850
Te - Spottswoodave3891
3891 Spottswood Ave Memphis, TN
1 BR | Apr. 11, 2025
Contact
Furnished
Storage
Disability Access
26
$850
1626 Monroe # 6
Memphis, TN
2 BR | Jun. 10, 2025
Contact
Dog Friendly
Cat Friendly
Dishwasher
0
$550 - 650
Summerwood Apartments
4015 Summer Ave Memphis, TN
1 - 2 BR | Available Now
Contact
Air Conditioning
Storage
Disability Access
9
$850
1377 Wabash Ave
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
House
1 - 30 of 225 Results
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Frequently Asked Questions

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

There are 225 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 11 studio cheap apartments available for rent in Memphis.

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

Rentable.co has 68 one-bedroom cheap apartments available for rent in Memphis.

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

Rentable.co has 80 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: March Rental Information

Welcome to the March 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
This month, the typical cost to rent a one-bedroom apartment in Memphis stands at $980, with the majority falling between $570 and $1,500. Out of the 2,699 one-bedroom apartments currently on the market in Memphis, 5 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
22
In the chart above, you'll find the current number of available cheap apartments in Memphis, TN and the surrounding cities. As of March 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 March M/M % Change
Memphis, TN 22 +0.9%
Robinsonville, MS 2 +1.0%
Southaven, MS 1 +1.0%
Horn Lake, MS 1 +1.0%
West Memphis, AR 0 +1.0%

Looking for Cheap Apartments in Memphis?

Available cheap apartments 194
Top amenities Fitness Center, Air Conditioning, Refrigerator, Range / Oven, Pet Friendly Community
Pet friendly 76
Utilities included 13
Furnished 38
1 Bedroom 37
2 Bedroom 38
3 Bedroom 14
Square footage 519 - 1,557
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