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Cheap Apartments for Rent in Memphis TN - 1,693 Rentals

Memphis, TN Cheap Apartments for Rent

Whether you're on a budget or just looking to save, there are plenty of ways to find cheap apartments in Memphis. Start by defining your list of apartment “must-haves.” What features can you not live without? If you want to live within walking distance to your favorite downtown locations, you may find that a smaller apartment of fewer amenities are a fair trade-off. Rent prices in Memphis tend to be higher near the city center. For better deals, explore neighborhoods farther out where rents can be lower and apartment sizes may be larger. Look for areas with a higher number of available rental units — landlords with more vacancies are often more willing to offer incentives like lower rent or flexible lease terms. Keep an eye on listings for budget-friendly apartments that meet your core needs while offering a reasonable commute and access to the amenities you want.

Learn more about living in Memphis, TN

Memphis, TN Rental Insights

Average Rent Rates

What is the average rent in Memphis, TN?

The average monthly rent in Memphis, TN is around $1,029.

Where can I find cheap apartments in Memphis, TN?

Apartments in Memphis, TN rent for around $1,029 but there are plenty of rentals to be found for $938 throughout the city.

How many cheap rentals are available in Memphis, TN on Apartments.com?

With over 1,693 affordable apartments on Apartments.com, you’re sure to find an Memphis, TN apartment at the right price.

What is the average rent for a studio in Memphis, TN?

You can expect to pay roughly $938 per month for a studio in Memphis, TN.

How expensive is a one-bedroom apartment in Memphis, TN?

The average one bedroom in Memphis, TN rents for $1,028 per month.

How expensive is a two-bedroom apartment in Memphis, TN?

Two-bedroom apartments in Memphis, TN rent for $1,075 per month.

Helpful Rental Guides for Memphis, TN

5 Most Affordable Neighborhoods in Memphis, TN
5 Most Affordable Neighborhoods in Memphis, TN
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