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Cheap Apartments in Memphis, TN

271 - 293 of 293 Results
1
$499
2109 Farrington
Memphis, TN
2 BR | Available Now
Contact
House
1
$775
Fantastic Whitehaven Apartment!
4016 Barton Dr Memphis, TN
2 BR | Ask for Availability
Contact
1
$450
2414-2416 Shasta
Memphis, TN
1 BR | Ask for Availability
Contact
1
$775
3948 Royal Oaks Dr
Memphis, TN
2 BR | Ask for Availability
Contact
3
$425
The Peach Apartments
1330 Peach Ave Memphis, TN
1 BR | Available Now
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1
$350
660 Jennette
Memphis, TN
2 BR | Available Now
Contact
House
$500
911 Kney
Memphis, TN
2 BR | Available Now
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House
Storage
1
$775
Fantastic Whitehaven Apartment!
4028 Barton Dr Memphis, TN
2 BR | Ask for Availability
Contact
1
$775
1240 Laudeen Dr
Memphis, TN
2 BR | Ask for Availability
Contact
1
$525 - 600
Barron Court Apartments
2.4
1175 Barron Court Memphis, TN
2 BR | Available Now
In Unit Laundry
1
$775
Fantastic Whitehaven Apartment!
3949 Barton Dr Memphis, TN
2 BR | Ask for Availability
Contact
1
$400
1493 Gaither St
Memphis, TN
1 BR | Ask for Availability
Contact
1
$599
786 Carson
Memphis, TN
3 BR | Available Now
Contact
House
1
$495
1386 Court Ave
Memphis, TN
1 BR | Ask for Availability
Contact
1
$675
Fantastic Whitehaven Apartment!
4050 Barton Dr Memphis, TN
1 BR | Ask for Availability
Contact
1
$650
2119 Benford St
Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Den
$825
4447 Powell Ave
Memphis, TN
2 BR | Ask for Availability
Contact
$895
Macon Crossing
1092-3655 Homer/Macon Memphis, TN
2 BR | Available Now
Contact
Downtown Memphis
$595 - 650
The Woodlands
1301 Goodbar Ave Memphis, TN
2 BR | Available Now
$825
4439 Powell Ave
Memphis, TN
2 BR | Ask for Availability
Contact
$545 - 675
Mill Creek Apartments
1.8
4537 Mill Stream Dr. Memphis, TN
1 - 2 BR | Available Now
$575
865 N Bingham St
Memphis, TN
1 BR | Ask for Availability
Contact
$475 - 585
Longview Gardens
1.8
1726 S. Orleans Street Memphis, TN
2 BR | Available Now
271 - 293 of 293 Results
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Frequently Asked Questions

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

There are 293 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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