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Cheap Apartments for Rent in Memphis TN - 9,452 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.

Best Time to Find Cheap Apartments in Memphis TN

Timing your apartment search can make a big difference in securing a great deal. Apartments are typically more affordable during the winter months — December through March — when demand is lower. During this off-season, landlords may offer reduced rent, waived fees, or other specials to fill units quickly. Another smart time to search is at the end of the month, when lease turnover peaks and more units become available. Being flexible with your move-in timing could help you land a better price. Cheap apartments in Memphis tend to go fast. Keep an eye on timing, neighborhood options, and special deals to score the best rental price.

Memphis, TN Rental Insights

Average Rent Rates

What is the average rent in Memphis, TN?

The average monthly rent in Memphis, TN is around $1,045.

Where can I find cheap apartments in Memphis, TN?

Apartments in Memphis, TN rent for around $1,045 but there are plenty of rentals to be found for $968 throughout the city.

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

With over 1,558 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 $968 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 $1,043 per month.

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

Two-bedroom apartments in Memphis, TN rent for $1,088 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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