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apartments under 700
Last updated January 28 2021 at 3:21 AM

294 Apartments under $700 for rent in Memphis, TN

Finding a deal on affordable apartments under $700 in Memphis is worth the extra effort. Come ready to pounce on the best deals. Call the property management in advance to ask wh... Read Guide >
Verified
18 Units Available
Bent Tree Apartments
3471 W Briarpark Dr
Memphis, TN
1 Bedroom
$445
645 sqft
2 Bedrooms
$520
1048 sqft
3 Bedrooms
$655
1109 sqft
Last updated January 28 at 01:52 AM
Creekside Meadows 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. Your apartment home boasts updated interiors, energy efficient kitchen appliances, and ample closet space. Other perks include on-site laundry facilities, 24-hour video surveillance, and nearby public transportation. All throughout our affordable and accommodating community, you will notice the benefits that rate Creekside Meadows Apartments above the rest. Conveniently located off Winchester Road, just east of the Bishop J O Patterson Sr. Memorial Parkway, providing rapid access to Downtown Memphis. The most desirable restaurants, schools, grocery stores and convenient banks are all within a few miles of Creekside Meadows. The downtown area boasts great shopping, recreation, entertainment, educational, medical, culture and religious options all within close minu
Verified
8 Units Available
Cedar Run Apartment Homes
5958 E Point Dr
Memphis, TN | Hickory Hill
1 Bedroom
$660
700 sqft
2 Bedrooms
$905
900 sqft
3 Bedrooms
$1,035
1100 sqft
Last updated January 28 at 01:52 AM
Take A Virtual Tour Today! The completely renovated Cedar Run Apartments offers inviting one, two, and three-bedroom apartments for you to call home. Regardless of the plan you choose, you’ll find spacious living areas, fully-equipped kitchens, generous storage space, and in-home washers and dryers (in select homes).Come visit the new Cedar Run Apartments in Memphis TN and find your next home today!
Verified
10 Units Available
Longview Heights Apartments
1953 Philsar St
Memphis, TN | Concerned Citizens Network System, Inc
2 Bedrooms
$510
788 sqft
Last updated January 28 at 01:52 AM
**SPRING SPECIAL** Spring 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 March 31, 2020 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. Be sure to see our available floorplan options. Call us for our current rates. Choose to live life exceptionally at Longview Heights!
Verified
7 Units Available
El Dorado
2743 Ketchum Road
Memphis, TN
1 Bedroom
$535
573 sqft
2 Bedrooms
$585
728 sqft
Last updated January 28 at 01:52 AM
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. Our spacious one and two bedroom homes provide the quality and comfort you deserve for a premier lifestyle. Conveniently located less than one mile west of Interstate 240, providing rapid access to Memphis' scenic downtown. The downtown area boasts great shopping, recreation, entertainment, educational, medical, culture and religious options all within close minutes of your new home. El Dorado is located within minutes of all the opportunities that Memphis offers. The most desirable restaurants, the highest quality grocery stores and convenient banks are within a few miles of El Dorado Apartments! Call or visit our professional team at El Dorado for a personal tour of our community. We look forward to welcoming you to your new home!
Verified
11 Units Available
Mill Creek
4537 Mill Stream Dr
Memphis, TN
1 Bedroom
Ask
2 Bedrooms
$615
960 sqft
3 Bedrooms
Ask
Last updated January 28 at 01:52 AM
**SPRING SPECIAL** Spring 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 May 31, 2020. Mill Creek invites you to live life on your own terms. Our community offers many advantages over the competition. Mill Creek provides one of the most desirable and affordable communities in Memphis, TN. Our spacious one, two and three bedroom homes provide the quality and comfort you deserve for a premier lifestyle. Conveniently located less than one mile west of Interstate 240, providing rapid access to Memphis' scenic downtown. The downtown area boasts great shopping, recreation, entertainment, educational, medical, culture and religious options all within close minutes of your new home. Mill Creek is located within minutes of all the opportunities that Memphis offers. The most desirable restaurants, the highest quality grocery stores and convenient banks are within a few miles of Mill
Verified
25 Units Available
Ashton Hills
4183 Troost Drive
Memphis, TN | Springhill Community Civic Club
1 Bedroom
$500
560 sqft
2 Bedrooms
$600
784 sqft
3 Bedrooms
$700
1044 sqft
Last updated January 28 at 12:50 AM
Verified
1 Unit Available
Cherry Creek
1460 Cherry Rd
Memphis, TN | Colonial Acres
1 Bedroom
Ask
2 Bedrooms
$675
750 sqft
3 Bedrooms
Ask
Last updated January 28 at 12:45 AM
Verified
3 Units Available
Clearbrook Village Apartments
3516 Tall Oaks Cir
Memphis, TN | Parkway Village
1 Bedroom
$575
200 sqft
2 Bedrooms
$725
700 sqft
Last updated January 28 at 12:41 AM
Welcome home to Clearbrook Village Apartments. We are conveniently located in Memphis, TN within walking distance to local shopping and entertainment. We offer 1 and 2 bedroom apartment homes and town homes with tons of storage and closet space to fit your lifestyle. Enjoy swimming in the pool and just laying on the sundeck relaxing. Please call for an appointment today.
Verified
130 Units Available
Hickory Grove
6277 Lake Arbor Dr
Memphis, TN | Hickory Hill
1 Bedroom
$540
728 sqft
2 Bedrooms
$730
1045 sqft
3 Bedrooms
$810
1302 sqft
Last updated January 28 at 12:40 AM
One-, two- and three-bedroom apartments with vaulted ceilings, wood-burning fireplaces and washer/dryer connections. Gated community has two outdoor pools, fitness center, sand volleyball court and movie theater.
Verified
1 Unit Available
Beverly Springs
2879 Beverly Hills Road #27
Memphis, TN
2 Bedrooms
$630
860 sqft
3 Bedrooms
Ask
Last updated January 28 at 12:38 AM
Experience a relaxing lifestyle at Beverly Springs. Our quaint apartment community is located in Memphis, Tennessee. A variety of restaurants, shopping centers, and parks are only minutes away. Finding your perfect apartment has never been easier at Beverly Springs. There’s something for everyone in our two and three bedroom apartments for rent. Our spacious and inviting floor plans include a pantry, central air and heating, and washer and dryer connections. Create chef-inspired meals in your all-electric kitchen, equipped with a dishwasher, microwave, and refrigerator. With these features and more, Beverly Springs is sure to surpass your expectations. Step outside your home and enjoy our community amenities. Relax by the shimmering swimming pool, spend time with family at the playground, or entertain friends with a barbecue. Our team is dedicated to providing excellent service including on-call and on-site maintenance. Come home to Beverly Springs and discover a new standard of living.
Verified
15 Units Available
The Residence at Village Green
3450 Fescue Ln
Memphis, TN | Hickory Hill
1 Bedroom
$580
469 sqft
2 Bedrooms
$655
618 sqft
3 Bedrooms
Ask
Last updated January 28 at 12:25 AM
Verified
21 Units Available
Jamesbridge Apartments
3815 N Advantage Way Dr
Memphis, TN | Springhill Community Civic Club
1 Bedroom
$591
456 sqft
2 Bedrooms
$676
592 sqft
Last updated January 28 at 12:21 AM
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. Jamesbridge is currently under New Management with a new Property Manager and Mainteance Supervisor. We are a pet friendly community for your pets under 25lbs. We are a gated community with courtesy officers for your assisstance. We also have patrolled security for your safety. Each unit comes with washer/dryer connections, balconies/patios, fireplaces in each unit.
Verified
27 Units Available
Ten Mile Creek
2718 Claudette Rd
Memphis, TN | Parkway Village
1 Bedroom
$515
750 sqft
2 Bedrooms
$585
1005 sqft
3 Bedrooms
$740
1434 sqft
Last updated January 28 at 12:17 AM
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. Our pet friendly and family friendly community also offers a playground and a laundry center. Ten Mile Creek's exceptional location offers the convenience you have been searching for. Located off of American Way, we are just minutes from restaurants, shopping and entertainment. You'll have easy access to I-240 and public transportation. Local schools include Getwell Elementary, American Way Middle School and Sheffield High School.
Verified
15 Units Available
Highland Hills Apartments
2831 Fosterwood Dr
Memphis, TN | Fox Meadows
1 Bedroom
$595
740 sqft
2 Bedrooms
$750
1234 sqft
3 Bedrooms
Ask
Last updated January 28 at 12:17 AM
Welcome to Highland Hills Apartments located in Memphis, Tennessee!
Verified
4 Units Available
Macon Manor
4517 Macon Road
Memphis, TN | Berclair - Highland Heights
1 Bedroom
$475
650 sqft
2 Bedrooms
$575
850 sqft
Last updated January 28 at 12:18 AM
Welcome to Macor Manor Apartments located in Memphis, Tennessee!
Verified
7 Units Available
SoMa 23 Apartments
23 S Pauline St
Memphis, TN | Medical District
1 Bedroom
$579
430 sqft
2 Bedrooms
$650
639 sqft
Last updated January 28 at 12:14 AM
Excellent location close to Beale Street, the Peabody Hotel and the heart of downtown Memphis. Residents enjoy units with central air, fully-equipped kitchens and upgraded interiors. Community has clubhouse, lobby and fitness center.
Verified
1 Unit Available
Hickory Farms
3822 Hickory Farm Dr
Memphis, TN | Hickory Hill
1 Bedroom
$625
653 sqft
2 Bedrooms
Ask
Last updated January 28 at 12:12 AM
Come visit Hickory Farms Apartments and find your new home today! Our community offers inviting and newly-renovated one and two bedroom apartments. No matter which one you choose, you’ll find spacious living areas, a fully-equipped kitchen, generous storage space, and private patio, all making your apartment a place you’ll be excited to call home. Hickory Farms Apartments offers many convenient amenities to make sure you enjoy your time here with us! Relax on the sundeck beside the refreshing swimming pool or spend time with your furry friend at our on-site dog park. We know you’ll also love our picnic area with BBQ grills, laundry facility, and on-site management team. Select a floorplan to take a walkthrough video tour, or call our friendly leasing staff today to schedule a personal tour of your new home at Hickory Farms Apartments!
Verified
21 Units Available
Highland Chateau
5246 Raleigh LaGrange Rd
Memphis, TN
1 Bedroom
$700
760 sqft
2 Bedrooms
$855
1250 sqft
3 Bedrooms
$990
1550 sqft
Last updated January 28 at 12:11 AM
Verified
2 Units Available
Twin Oaks
4819 Winchester Rd
Memphis, TN
1 Bedroom
Ask
2 Bedrooms
Ask
3 Bedrooms
$700
1313 sqft
Last updated January 28 at 12:04 AM
Verified
2 Units Available
Gramercy Park Townhomes
2163 Nathaniel Cir W
Memphis, TN
1 Bedroom
$700
300 sqft
2 Bedrooms
Ask
Last updated January 28 at 12:04 AM
Verified
2 Units Available
Barron Court
1175 Barron Ct
Memphis, TN | Orange Mound
2 Bedrooms
$575
775 sqft
Last updated January 26 at 01:44 PM
Conveniently located in Memphis, Tennessee, Barron Court Apartments are just minutes from Interstate 240 and Route 4 with immediate access to Barron Avenue. Our affordable rental community is within the historic Orange Mound neighborhood and is situated only one mile from Melrose High School, Cherokee Elementary School, and Sherwood Middle School. Easily walk to Cherokee Park or enjoy a short drive to Lamar-Airways Shopping Center. Spectacular resident amenities include onsite management and maintenance, washer & dryer connections, full appliance packages and off-street parking. Beautiful green spaces provide plenty of room for your four-legged family members to play. Our spacious two bedroom apartments feature fully equipped kitchens, energy-efficient appliances, generous walk in closets and patio/balcony. Live big and afford more at Barron Court Apartments.
Verified
9 Units Available
Longview Gardens
1726 S Orleans St
Memphis, TN | Concerned Citizens Network System, Inc
2 Bedrooms
$510
788 sqft
Last updated January 27 at 01:44 PM
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. Each apartments has 2 Bedroom 1 Bath with central heating and air. Convenient to I-240 & South Parkway, making your way around Memphis is easier than ever at Longview Gardens.
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Contact for Availability
Stratum on Highland
510 S Highland St
Memphis, TN | University North
Studio
$1,099
1 Bedroom
$1,269
2 Bedrooms
$759
Last updated January 22 at 12:32 AM
The Stratum on Highland is the ultimate in University of Memphis apartments! At Stratum, you will have the comfort and lifestyle you deserve in a community that is built specifically with you in mind. From our community amenities including convenient, secured access parking garage to our fitness center and tanning bed, we have everything you are looking for to get the most out of your time here. Apartment amenities include a washer and dryer, refrigerator, and dishwasher. Get more bang for your buck with the best value near campus and stress less thanks to the simplicity of all-inclusive monthly payments including most utilities, water, trash, internet, cable and HBO. Enjoy the freedom of luxury off-campus living with your own individual lease while you meet new people with our tailored roommate matching service.
1 Unit Available
2410 Forest Avenue
2410 Forrest Avenue
Memphis, TN | Binghampton-Lester
1 Bedroom
$550
1260 sqft
Last updated January 28 at 03:21 AM
Pictures and Information coming soon! We have an A++ rating with the BBB for taking care of our tenants! Apply online today at memphisrentalhomes.com or call us to schedule a viewing! CB Properties 901-244-4415 **All tours can be scheduled from ShowMojo.com, click on "for renters" in the top right hand side. Search by address, zip, city ECT. OR call 901-244-4415 to schedule by phone! “WARNING!!! Scammers are advertising our homes for rent, and are stealing YOUR money!!! CB Properties is the exclusive management company for this property. Cease communication immediately with anyone that asks you to: 1) Mail or electronically send money to rent the home; 2) Doesn't have you complete an electronic application, or offer to rent the home to you without pulling a credit report; 3) Quotes a rental price less than what you see the home advertised for on www.memphisrentalhomes.com; 4) Claims that CB Properties no longer manages the home and they have decided to rent the property themselves; Please call CB Properties if you have questions or would like information on how to rent this home at (901)620-6787. Don't be a victim!!!
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Frequently Asked Questions (FAQs)
Frequently Asked Questions
How expensive is it to rent a studio apartment in Memphis?
The median rent for a studio apartment in Memphis is $717 per month.
How much is rent for a one-bedroom apartment in Memphis?
One-bedroom apartment rentals in Memphis rent for $838 per month.
What is the typical rent for a two-bedroom apartments in Memphis?
The median rent for a two-bedroom apartment in Memphis is $977 per month.
City Guide for Memphis, TN

There's a town that I call home, where all the streets are paved with soul. Down on Beale there's a honky-tonk bar, so hear the wail of a blues guitar. Have a beer and drop a dime in the blind man's jar. The blues sing softly in the air, like a Sunday morning prayer. Just one more drink and you'll see God everywhere. Like a sad old melody that cheers you up, it sets you free. And that's how Memphis lives in me." (-Bon Jovi, "Memphis Lives In Me").

Memphis Tennessee is an iconic place in so many ways. It's the birthplace of the blues, soul, and that just-about-to-catch-on musical genre called Rock and Roll. It is the epicenter of many food debates with restaurants like Gus's Hot & Spicy Chicken and Charles Vergos' Rendezvous always topping the lists of the country's best fried chicken and ribs respectively, and actual tourist destinations unto themselves. Memphis is where your overnight package will spend a couple of hours at the worldwide hub for FedEx. And in Memphis you can plant your feet on the doormat of the second most visited home in the world. They even let you go in. No, not my Aunt Peg's (who does make some mean biscuits and sweet tea, which is reason alone to visit), but Elvis's - the King himself. Add the majesty of the Mississippi River, the NBA's coyly named Memphis Grizzlies (the nearest grizzly bear roams a brisk 1,600 miles away, but the Memphis Zoo does have a set of twins), and the neon festooned nightlife of world famous Beale Street, and you've found yourself in an unmistakably multifaceted city. Now time to find an unmistakably awesome apartment. See more

What to keep in mind when looking for apartments under $700 in Memphis, TN

Finding a deal on affordable apartments under $700 in Memphis is worth the extra effort. Come ready to pounce on the best deals. Call the property management in advance to ask what paperwork they need and come prepared. Bank statements, pay stubs, identification, and letters of recommendation from an employer or landlord are usually standard. It’s better to come to an apartment tour over-prepared and ready to sign.

You probably won’t find affordable apartments under $700 in Memphis in the heart of the action, but you can still land in a neighborhood you love. Look for locations on the outskirts of your dream location or reconsider how much space you really need. A studio apartment may offer plenty of space in your ideal neighborhood at a cheaper price point.

Some property managers will also know about apartments under $700 in other buildings they manage, or through word-of-mouth from industry contacts. Ask about any leads if you can’t find the space you need. Touring the first floor for affordable apartments that need some updating can also yield a great deal.