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Cheap Apartments in Memphis, TN

241 - 244 of 244 Results
$575
865 N Bingham St
Memphis, TN
1 BR | Ask for Availability
Contact
$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
$825
4447 Powell Ave
Memphis, TN
2 BR | Ask for Availability
Contact
241 - 244 of 244 Results
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Frequently Asked Questions

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

There are 244 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 34 one-bedroom cheap apartments available for rent in Memphis.

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

Rentable.co has 31 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: October Rental Information

Welcome to the October 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
20
In the chart above, you'll find the current number of available cheap apartments in Memphis, TN and the surrounding cities. As of October 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 October M/M % Change
Memphis, TN 20 +1.0%
Robinsonville, MS 2 +1.0%
Cordova, TN 2 +0.63%
Horn Lake, MS 1 +1.1%
Southaven, MS 1 +1.0%

Looking for Cheap Apartments in Memphis?

Available cheap apartments 89
Top amenities Air Conditioning, Refrigerator, Cable Ready, High Speed Internet, Secured Entry
Pet friendly 59
Utilities included 13
Furnished 38
1 Bedroom 27
2 Bedroom 27
3 Bedroom 10
Square footage 513 - 1,605
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