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Cheap Apartments in Memphis, TN

1 - 30 of 241 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
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
12
$750 - 850
Hawthorne Street
190 Hawthorne St Memphis, TN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
5
$825
Berclair
Memphis, TN
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
$800
Perfect Midtown Location
2780 Madison Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
9
$700
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
13
$725 - 850
Overton Place
414 N Claybrook St #1 Memphis, TN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
16
$695 - 849
1938-2006 E Raines/Bonnie
Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
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
33
$773 - 1,719
The Junction
3341 Southern Ave Memphis, TN
Studio - 1 BR | Available Now
Contact
Air Conditioning
Surface Parking
Dishwasher
6
$795
1640 Monroe
1640 Monroe St Memphis, TN
1 BR | Jun. 12, 2026
Contact
Disability Access
Dishwasher
9
$625
1535 Jackson Ave
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
14
$850
Getwell Pointe Apartments
2973-3007 Getwell Rd Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
37
$695 - 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
9
$725 - 825
Kings Reserve Memphis
Deal
1550 N Pkwy Memphis, TN
Studio - 1 BR | May. 20, 2026
Contact
Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
Pool
10
$850
Graceland Flats – Modern Living In The Heart Of Whitehaven
3990 Barton Dr Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
10
$750
2436 Charjean
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
15
$784
Crescent Bluff
46 Crescent Bluff Ct Memphis, TN
1 BR | May. 17, 2026
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
10
$800
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
29
$804 - 1,204
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
9
$750
1353 Vance Ave
1353 Vance Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
4
$750
1280 Harbert Ave.
1280 Harbert Memphis, TN
2 BR | Jun. 19, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
1
$795
3602- 3616 Spottswood
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Storage
1
$550
165 N Merton
165 N Merton Ave Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Storage
Disability Access
1
$795
Ess 3604
3604 Douglass Ave Memphis, TN
1 BR | Jul. 17, 2026
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
5
$850
1304 Snowden Ave
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
15
$809
3017 Juca Ln
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Air Conditioning
1 - 30 of 241 Results
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Frequently Asked Questions

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

There are 241 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: May Rental Information

Welcome to the May 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 15 30 45 60 <$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 May 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 May M/M % Change
Memphis, TN 20 +1.06%
Robinsonville, MS 2 +1.0%
Southaven, MS 1 +1.0%
Horn Lake, MS 1 +1.0%
Olive Branch, MS 0 +1.0%
Walls, MS 0 +1.0%

Looking for Cheap Apartments in Memphis?

Available cheap apartments 214
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 - 1,705
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