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Apartments Under $700 in Memphis, TN

1 - 30 of 87 Results
5
$1 - 900
Greenbriar Apartments
Deal
3131 Madewell Memphis, TN
1 - 3 BR | Ask for Availability
Contact
Air Conditioning
Surface Parking
17
$100 - 350
City View Towers - Seniors 62 & Older
256 S Camilla St Memphis, TN
1 BR | Available Now
Contact
Heat Included
Senior Community
Income Restricted
Air Conditioning
Surface Parking
20
$691
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
8
$555 - 630
Village Green Apartments
Deal
2.6
3450 Fescue Lane Memphis, TN
1 - 2 BR | Available Now
Contact
Cat Friendly
Luxury
Air Conditioning
Covered Parking
Balcony/Deck/Patio
11
$685 - 765
Town House Apartment Homes
Deal
3.4
1437 Central Avenue Memphis, TN
Studio | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Luxury
Section 8
4
$500 - 650
Cherry Crest Apartments
1460 Cherry Rd. Memphis, TN
1 - 3 BR | Available Now
Contact
Student
Dishwasher
13
$559 - 699
PER
ROOM
The Stratum On Highland
Deal
2.9
510 S Highland St Memphis, TN
2 - 4 BR | Available Now
Contact
Heat Included
Furnished
Student
Covered Parking
In Unit Laundry
5
$620
The Summit Apartments
4981 Hidden Lake Drive Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Balcony/Deck/Patio
Fitness Center
12
$695
Recently Renovated Apartment In Nutbush
1447 Wells Station Rd Unit 6 Memphis, TN
2 BR | Available Now
Contact
House
8
$695
3580 BRISTERWOOD
Memphis, TN
1 BR | Available Now
Contact
Dishwasher
8
$495
1210 N. Evergreen
Memphis, TN
1 BR | May. 17, 2024
Contact
Dog Friendly
Cat Friendly
Storage
5
$550
165 N Merton
165 N Merton Ave Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Storage
Disability Access
15
$650
Duplex Located In Berclair/ Highland Heights Available For Rent + Move- In Ready + Call For Showings
1096 Gordon St Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
11
$695
3803 Given Ave
Memphis, TN
1 BR | Available Now
Contact
Storage
5
$659
University Gardens Manor
2059 N Cabana Cir Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Disability Access
5
$570 - 700
Stonegate Apartment
4500 Stone Gate Dr Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Balcony/Deck/Patio
5
$585 - 655
Summer Trace Apartments
6015 Summer Trace Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Dishwasher
Pool
5
$615
Country Oaks
6555 Country Oaks Circle Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Pool
5
$25 - 992
Saints Courts Apartments
Deal
994 N Watkins St Memphis, TN
1 - 2 BR | Available Now
Contact
Income Restricted
6
$650
Cute 1/1 Mha Approve
723 Roanoke Ave Memphis, TN
1 BR | Ask for Availability
Contact
House
11
$695
3158 Hoskins Rd
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
11
$695
3156 Hoskins Rd
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
11
$695
The Granville House
4.0
157 Stonewall St. Memphis, TN
1 BR | Available Now
Contact
Balcony/Deck/Patio
2
$600
1160 SPRINGDALE
Memphis, TN
1 BR | Available Now
Contact
31
$695
189 Auburndale - 189 #2
Memphis, TN
Studio | Jul. 10, 2024
Contact
Dog Friendly
Cat Friendly
2
$599
Emerald Pointe Apartment
3315 Hickory Hill Road Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Balcony/Deck/Patio
Storage
4
$635 - 890
Hedgerow
4733 Heather Row Memphis, TN
1 BR | Available Now
Contact
Income Restricted
Section 8
Pool
1
$665
1415 Breedlove St
Memphis, TN
1 BR | Ask for Availability
Contact
Air Conditioning
New Chicago
1
$475
3803 Given
Memphis, TN
2 BR | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
0
$695
1716 Dupont Ave
Memphis, TN
2 BR | Ask for Availability
Contact
Air Conditioning
1 - 30 of 87 Results
  1. Home
  2. Memphis
  3. Apartments Under $700
Frequently Asked Questions

How many apartments under $700 are available in Memphis, TN on Rentable.co?

There are 87 apartments under $700 in Memphis currently available for rent on Rentable.co.

How many studio apartments under $700 are available in Memphis?

Rentable.co has 26 studio apartments under $700 available for rent in Memphis.

How many one-bedroom apartments under $700 are available in Memphis?

Rentable.co has 189 one-bedroom apartments under $700 available for rent in Memphis.

How many two-bedroom apartments under $700 are available in Memphis?

Rentable.co has 399 two-bedroom apartments under $700 available for rent in Memphis.

Can I afford a apartment under $700 in Memphis, TN?

To comfortably afford a apartment under $700 in Memphis based on average rent prices, a household would need an annual income of $25,000.

Which neighborhoods have the most apartments under $700 for rent in Memphis, TN?

  1. South Forum
  2. New Chicago
  3. Orange Mound

Apartments Under $700 in Memphis, TN: May Rental Information

Welcome to the May 2024 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Memphis rental landscape.

Our experts analyze the inventory trends for apartments under $700 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Memphis and surrounding areas. This summary also provides insights into available features and amenities, as well as location options for apartments under $700 in Memphis.

Renters searching for affordable housing options in Memphis will find a variety of apartments to choose from, with monthly rents under $700. The city offers a range of one-bedroom, two-bedroom, and three-bedroom apartments in this price range.

When it comes to amenities, renters can expect to find options such as swimming pools, fitness centers, on-site laundry facilities, and pet-friendly policies in many of the apartments under $700.

As of the May 2024 report, availability is fair, with a number of apartments under $700 available for rent. However, it's always recommended to check the Rentable website frequently, as availability can change rapidly in this price range.

Whether you're a student, young professional, or family, Rentable has you covered with affordable options for apartments under $700 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
This month, the typical cost to rent a one-bedroom apartment in Memphis stands at $950, with the majority falling between $550 and $1,580. Out of the 2,065 one-bedroom apartments currently on the market in Memphis, 126 are priced below $700, accounting for 6% of the total available one-bedroom units in Memphis.

Available Apartments Under $700: Memphis vs. Surrounding Areas

Memphis, TN
98
In May 2024, there are a variety of affordable apartments available for rent in Memphis, TN and the surrounding cities. The chart above shows the number of apartments under $700 currently listed on Rentable's website in these areas. In Memphis proper, there are a total of 107 apartments available in this price range. The surrounding cities of West Memphis, Southaven, Olive Branch, Germantown, Lakeland, Millington, Munford, Arlington, Piperton, Bartlett, Collierville, Hernando, Marion, Robinsonville, Walls, Cordova, Horn Lake, Joiner, Turrell, and Nesbit also offer a range of options for renters looking for affordable housing. This chart can help prospective renters find the right apartment that meets their budget and needs in the Memphis, TN metro area.

Apartments Under $700 Now vs. Last Month: Memphis and Surrounding Areas

City Apartments Under $700 in May M/M % Change
Memphis, TN 98 +0.96%
Cordova, TN 2 +0.96%
West Memphis, AR 2 +1.2%
Southaven, MS 2 +1.0%
Germantown, TN 2 +1.0%
Robinsonville, MS 2 +1.0%
Horn Lake, MS 1 +1.0%
Millington, TN 1 +1.0%
Bartlett, TN 0 +0.67%

Looking for Apartments Under $700 in Memphis?

Available apartments under $700 719
Top amenities Air Conditioning, Dishwasher, Balcony/Deck/Patio, Refrigerator, Range / Oven
Deals 13
Pet friendly 137
Utilities included 24
Furnished 40
1 Bedroom 83
2 Bedroom 90
3 Bedroom 21

Where are Memphis Apartments Under $700?

Top Neighborhoods South forum, New chicago, Orange mound
South Forum 1
New Chicago 1
Orange Mound 1
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