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Cheap Apartments in Memphis, TN

121 - 150 of 241 Results
1
$450
Wynn 734
734 Lane Ave Memphis, TN
1 BR | Available Now
Contact
1
$695
Renovated 2 Bdrm 1 Bath | Duplex | Open To Section 8 | $99 Move In Special
1919 Farrington St Memphis, TN
2 BR | Available Now
Contact
House
1
$645
1591 Locust
Memphis, TN
1 BR | Available Now
Contact
0
$750
Welcome To 1425 Todds Creek Cove!
1425 Todds Creek Cv Memphis, TN
2 BR | Available Now
Contact
0
$825 - 850
Stonebrook Apartments
6371 Winchester Rd Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$665 - 775
1415 Breedlove St
Memphis, TN
1 - 2 BR | Ask for Availability
Contact
Air Conditioning
New Chicago
0
$695
Available Now: Charming 2 Bed, 1.5 Bath Duplex Home!
5190 Flowering Peach Dr Memphis, TN
2 BR | Ask for Availability
Contact
House
1
$845
1776 Brown Ave
Memphis, TN
2 BR | Ask for Availability
Voillintine-Evergreen
1
$825
1278 1280 Saxon Ave
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$699 - 775
Eden Pointe
4427 Knight Arnold Rd Memphis, TN
1 - 2 BR | Available Now
Contact
1
$699
1616 Via Roma
Memphis, TN
1 BR | Available Now
Contact
House
1
$850
1304 1306 Snowden Ave
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$749
Grainge Hill
2281 Ketchum Rd Memphis, TN
2 BR | Available Now
Contact
0
$840
Welcome To 977 Pope Street!
977 Pope St Memphis, TN
2 BR | Available Now
Contact
1
$825
Charming 2 Bedroom 1 Bath Home For Rent- Section 8 Friendly- $99 Move In Special
3088 Manhattan Ave Memphis, TN
2 BR | Available Now
Contact
House
1
$795
3173-3175 Jackson Ave
Memphis, TN
2 BR | Ask for Availability
Contact
0
$695
3044 Sinclair St
Memphis, TN
2 BR | Ask for Availability
Contact
0
$825
Welcome To 2970 Hale Ave! Move-in Special
2970 Hale Ave Memphis, TN
2 BR | Available Now
Contact
1
$725
2225 Riley Ave
2225 Riley Aly Memphis, TN
3 BR | Available Now
Contact
Cat Friendly
House
1
$795
Charming 3 Bedroom 1 Bath | Open To Section 8 - $99 Move In Special
1436 Maplewood St Memphis, TN
3 BR | Available Now
Contact
House
1
$695
888 Kerr Ave
Memphis, TN
2 BR | Available Now
Contact
1
$850
1800 Mc Millan St
Memphis, TN
2 BR | Available Now
Contact
House
4
$500 - 650
Cherry Crest Apartments
1460 Cherry Rd. Memphis, TN
1 - 3 BR | Available Now
Contact
Student
Dishwasher
5
$1 - 900
Greenbriar Apartments
3131 Madewell Memphis, TN
1 - 3 BR | Ask for Availability
Contact
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
14
$809
Fieldstone Apartments
3.2
3333 Hacks Cross Road Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Section 8
Balcony/Deck/Patio
16
$525 - 820
The Woods At Ridgeway
1.2
6277 Lake Arbor Dr. Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Section 8
Air Conditioning
42
$810 - 910
The Nova
6355 Briar Patch Lane Memphis, TN
1 BR | Available Now
Contact
Cat Friendly
Virtual Tour
Luxury
Section 8
Air Conditioning
19
$691 - 797
Foote Park At South City
410 S Danny Thomas Blvd Memphis, TN
2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
7
$776 - 912
Centennial Gardens
4.1
7841 North Garden Manor Dr Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Balcony/Deck/Patio
121 - 150 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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