/
/
/
apartments under 700
Last updated February 16 2020 at 5:19 PM

170 Apartments under $700 for rent in Memphis, TN

Verified
Last updated February 16 at 04:38pm
8 Units Available
El Dorado
2743 Ketchum Road, Memphis, TN
1 Bedroom
$500
573 sqft
2 Bedrooms
$550
728 sqft
El Dorado invites you to live life on your own terms. Our community offers many advantages over the competition. El Dorado provides one of the most desirable and affordable communities in Memphis, TN.
Verified
Last updated February 16 at 04:38pm
Hickory Hill
9 Units Available
Cedar Run Apartment Homes
5958 E Point Dr, Memphis, TN
1 Bedroom
$625
700 sqft
2 Bedrooms
$825
900 sqft
3 Bedrooms
$950
1100 sqft
The completely renovated Cedar Run Apartments offers inviting one, two, and three-bedroom apartments for you to call home.
Verified
Last updated February 16 at 04:38pm
32 Units Available
Bent Tree Apartments
3471 W Briarpark Dr, Memphis, TN
1 Bedroom
$445
645 sqft
2 Bedrooms
$495
1048 sqft
3 Bedrooms
$625
1109 sqft
Bent Tree Apartments in Memphis has it all. Within your new apartment, you will discover a diverse offering of high-quality amenities, which will enhance your lifestyle through convenience and efficiency they provide.
Verified
Last updated February 16 at 06:31pm
Alliance of Cordova Neighborhoods
36 Units Available
The Grove at Trinity Pointe
555 Wood Arbor Pkwy, Memphis, TN
1 Bedroom
$660
738 sqft
2 Bedrooms
$757
1059 sqft
3 Bedrooms
$1,169
1289 sqft
Come home to comfort at The Grove at Trinity Pointe Apartments in Cordova, Tennessee. Our property offers an unbeatable blend of enriching amenities with an accommodating selection of one, two, and three-bedroom floor plans.
Verified
Last updated February 16 at 06:48pm
Parkway Village
38 Units Available
Ten Mile Creek
2718 Claudette Rd, Memphis, TN
1 Bedroom
$455
750 sqft
2 Bedrooms
$525
1005 sqft
3 Bedrooms
$610
1434 sqft
At Ten Mile Creek there is a perfect home waiting for you. We offer spacious one, two and three bedroom apartments with walk-in closets, ceiling fans, washer/dryer hook ups, window coverings, intrusion alarms and upgraded countertops.
Verified
Last updated February 16 at 04:38pm
Concerned Citizens Network System, Inc
10 Units Available
Longview Heights Apartments
1953 Philsar St, Memphis, TN
2 Bedrooms
$480
788 sqft
Longview Heights in Memphis, TN is a remarkable community to live. We're conveniently located on Philsar St. in the 38106 area of Memphis. Here at our community, our leasing staff will be happy to assist you in finding the perfect new place.
Verified
Last updated February 16 at 04:38pm
15 Units Available
Mill Creek
4537 Mill Stream Dr, Memphis, TN
1 Bedroom
$545
702 sqft
2 Bedrooms
$615
960 sqft
3 Bedrooms
Ask
**WINTER SPECIAL** Winter Special! $250 security deposit for well qualified applicants. $200 off second month’s rent. Additional $100 off third month’s rent, select units. Special ends February 28, 2020.
Verified
Last updated February 16 at 06:58pm
Hickory Hill
69 Units Available
Legacy at the Parkway
6420 Knight Arnold Rd Ext, Memphis, TN
1 Bedroom
$614
684 sqft
2 Bedrooms
$815
985 sqft
Discover all of the possibilities at Legacy at The Parkway Homes. Our spacious one and two bedroom garden apartments feature fully equipped kitchens, ceiling fans, as well as expansive patios and balconies.
Verified
Last updated February 16 at 04:38pm
Concerned Citizens Network System, Inc
9 Units Available
Longview Gardens
1726 S Orleans St, Memphis, TN
2 Bedrooms
$475
788 sqft
Come see us today!! Discover the thrill, excitement and glee of living in Longview Gardens Apartments. Longview Gardens is located in the South Memphis area just 5 minutes south of Downtown Memphis.
Verified
Last updated February 16 at 06:19pm
Parkway Village
3 Units Available
Clearbrook Village Apartments
3516 Tall Oaks Cir, Memphis, TN
1 Bedroom
Ask
2 Bedrooms
$675
1000 sqft
Welcome home to Clearbrook Village Apartments. We are conveniently located in Memphis, TN within walking distance to local shopping and entertainment.
Verified
Last updated February 16 at 04:38pm
24 Units Available
The Summit
4981 Hidden Lake Dr, Memphis, TN
1 Bedroom
$609
673 sqft
2 Bedrooms
$772
987 sqft
3 Bedrooms
$1,044
1246 sqft
It is often said that life has its rewards. The Summit offers the lifestyle you deserve in the center of it all.
Verified
Last updated February 16 at 04:38pm
Orange Mound
2 Units Available
Barron Court
1175 Barron Ct, Memphis, TN
2 Bedrooms
$525
775 sqft
Conveniently located in Memphis, Tennessee, Barron Court Apartments are just minutes from Interstate 240 and Route 4 with immediate access to Barron Avenue.
Verified
Last updated February 14 at 03:26pm
Hickory Hill
19 Units Available
The Nova
6355 Briar Patch Ln, Memphis, TN
1 Bedroom
$630
578 sqft
2 Bedrooms
$810
937 sqft
The alluring charm of southern living is yours at The Nova! Our beautiful apartment community is immersed in a park-like setting in Memphis, Tennessee. A fantastic selection of retail, dining, and entertainment options are just minutes away.
Verified
Last updated February 14 at 03:26pm
Hickory Hill
19 Units Available
The Local
3251 Knight Trails Cir, Memphis, TN
1 Bedroom
$665
684 sqft
2 Bedrooms
$820
1166 sqft
Located in Memphis, Tennessee you will find The Local, a lovely apartment home community nestled in a prime location. Several interstates and local highways surround the area, so commuting is simple and stress-free.
Verified
Last updated February 16 at 06:56pm
Springhill Community Civic Club
2 Units Available
Country View Apartments
3990 Stephanie Ln, Memphis, TN
1 Bedroom
$525
656 sqft
2 Bedrooms
$645
828 sqft
3 Bedrooms
Ask
Find studio, 1, 2 and 3 bedroom apartments for rent at Country View Apartments in Memphis. View photos, descriptions and more!
Verified
Last updated February 16 at 06:05pm
Springhill Community Civic Club
6 Units Available
Jamesbridge Apartments
3815 N Advantage Way Dr, Memphis, TN
1 Bedroom
$551
683 sqft
2 Bedrooms
$669
888 sqft
Jamesbridge is a unique community with 2 lakes stocked with fish. The community has 3 beautiful bridges to fish from. The community is located close to Interstate 240 for easy access.
Verified
Last updated February 16 at 06:36pm
3 Units Available
Gramercy Park Townhomes
2163 Nathaniel Cir W, Memphis, TN
1 Bedroom
$675
600 sqft
2 Bedrooms
$775
800 sqft
Find studio, 1, 2 and 3 bedroom apartments for rent at Gramercy Park Townhomes in Memphis. View photos, descriptions and more!
Verified
Last updated February 16 at 06:50pm
Hickory Hill
22 Units Available
Village Green
3450 Fescue Ln, Memphis, TN
1 Bedroom
$580
703 sqft
2 Bedrooms
$655
1155 sqft
3 Bedrooms
$805
1370 sqft
Find studio, 1, 2 and 3 bedroom apartments for rent at Village Green in Memphis. View photos, descriptions and more!
Verified
Last updated February 16 at 06:11pm
Parkway Village
49 Units Available
Cottonwood Apartments
4653 Cotton Dr, Memphis, TN
1 Bedroom
$515
500 sqft
2 Bedrooms
$585
750 sqft
Find studio, 1, 2 and 3 bedroom apartments for rent at Cottonwood Apartments in Memphis. View photos, descriptions and more!
Last updated February 16 at 10:54am
Mid Inner City Association for Heritage
1 Unit Available
951 Alma St. Unit #2
951 Alma Street, Memphis, TN
1 Bedroom
$525
615 sqft
Very Cute Quadplex in N. Memphis - This is a one bedroom one full bathroom unit in a quadplex that has been freshly painted throughout. There is a nice sized living room and kitchen.
Last updated February 16 at 10:54am
Binghampton-Lester
1 Unit Available
3247 Guernsey Ave.
3247 Guernsey Avenue, Memphis, TN
3 Bedrooms
$625
1088 sqft
4 Bedrooms
Ask
Newly Rehabbed Home in The Heights - This is a three bedroom one and a half bathroom home that has been freshly painted throughout. There is a great sized living room and separate dining room.
Last updated February 16 at 10:54am
Capleville
1 Unit Available
4383 MISTY MORNING DR
4383 Misty Morning Drive, Memphis, TN
2 Bedrooms
$700
1559 sqft
Welcome Home! - (RLNE5518160)
Last updated February 16 at 10:54am
Frayser
1 Unit Available
3088 Harvester Ln
3088 Harvester Lane, Memphis, TN
2 Bedrooms
$700
900 sqft
- (RLNE5514337)
Last updated February 16 at 10:54am
1 Unit Available
3200 Keystone
3200 Keystone Avenue, Memphis, TN
3 Bedrooms
$700
1261 sqft
- 4 Success Realty is now offering this spacious 3 bedroom 1.5 bath home. This home has a large den and nice size living room. Call us for your private showing. (RLNE5490571)

February 2020 Memphis Rent Report

Welcome to the February 2020 Memphis Rent Report. Memphis rents remained steady over the past month. In this report, we'll evaluate trends in the Memphis rental market, including comparisons to cities throughout the state and nation.

View full Rent Report

February 2020 Memphis Rent Report

Welcome to the February 2020 Memphis Rent Report. Memphis rents remained steady over the past month. In this report, we'll evaluate trends in the Memphis rental market, including comparisons to cities throughout the state and nation.

Memphis rents held steady over the past month

Memphis rents have remained flat over the past month, however, they are up slightly by 1.0% year-over-year. Currently, median rents in Memphis stand at $707 for a one-bedroom apartment and $836 for a two-bedroom. Memphis' year-over-year rent growth lags the state average of 2.2%, as well as the national average of 1.6%.

    Rents rising across cities in the Memphis Metro

    Throughout the past year, rent increases have been occurring not just in the city of Memphis, but across the entire metro. Of the largest 10 cities that we have data for in the Memphis metro, all of them have seen prices rise. Tennessee as a whole logged rent growth of 2.2% over the past year. Here's a look at how rents compare across some of the largest cities in the metro.

    • Looking throughout the metro, Franklin is the most expensive of all Memphis metro's major cities, with a median two-bedroom rent of $1,359; of the 10 largest Tennessee metro cities that we have data for, all have seen rents rise year-over-year, with Franklin experiencing the fastest growth (+4.6%).
    • Hendersonville, Clarksville, and Nashville have all experienced year-over-year growth above the state average (3.9%, 3.4%, and 3.3%, respectively).

    Memphis rents more affordable than many similar cities nationwide

    As rents have increased slightly in Memphis, a few other large cities nationwide have also seen rents grow modestly. Memphis is still more affordable than most comparable cities across the country.

    • Memphis' median two-bedroom rent of $836 is below the national average of $1,193. Nationwide, rents have grown by 1.6% over the past year compared to the 1.0% rise in Memphis.
    • While Memphis' rents rose slightly over the past year, many cities nationwide also saw increases, including Phoenix (+3.7%), Dallas (+2.4%), and Seattle (+1.8%).
    • Renters will find more reasonable prices in Memphis than most similar cities. For example, San Francisco has a median 2BR rent of $3,090, which is more than three-and-a-half times the price in Memphis.

    For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

    Methodology - Recent Updates:

    Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

    Read more about our new methodology below, or see a more detailed post here.

    Methodology:

    Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

    Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

    Read more about our methodology here.

    About Rent Reports:

    Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

    We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.

    Similar Pages

    Memphis 1 BedroomsMemphis 2 BedroomsMemphis 2 Bedrooms 2 BathroomsMemphis 3 BedroomsMemphis Accessible ApartmentsMemphis Apartments under $500

    Apartments For Rent in Nearby Cities

    Nearby Neighborhoods

    Apartments Near Colleges