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cheap apartments
Last updated September 18 2019 at 4:06 AM

77 Cheap Apartments for rent in Memphis, TN

Verified
Last updated September 18 at 01:34am
27 Units Available
Mill Creek
4537 Mill Stream Dr, Memphis, TN
1 Bedroom
$500
696 sqft
2 Bedrooms
$595
954 sqft
3 Bedrooms
$850
1460 sqft
Find studio, 1, 2 and 3 bedroom apartments for rent at Mill Creek in Memphis. View photos, descriptions and more!
Verified
Last updated September 18 at 01:31am
27 Units Available
El Dorado
2743 Ketchum Road, Memphis, TN
1 Bedroom
$500
573 sqft
2 Bedrooms
$550
728 sqft
Find studio, 1, 2 and 3 bedroom apartments for rent at El Dorado in Memphis. View photos, descriptions and more!
Verified
Last updated September 18 at 06:05am
Orange Mound
1 Unit Available
Barron Court
1175 Barron Ct, Memphis, TN
2 Bedrooms
$525
775 sqft
Located only minutes from Memphis International Airport, Barron Court Apartments are convenient to I-240 and Airways Blvd. Shopping, traveling and even commuting to work and back are made easy at Barron Court in Memphis, TN.
Verified
Last updated September 18 at 12:12am
Concerned Citizens Network System, Inc
5 Units Available
Longview Heights Apartments
1953 Philsar St, Memphis, TN
2 Bedrooms
$460
788 sqft
Find studio, 1, 2 and 3 bedroom apartments for rent at Longview Heights Apartments in Memphis. View photos, descriptions and more!
Verified
Last updated September 18 at 12:29am
Concerned Citizens Network System, Inc
13 Units Available
Longview Gardens
1726 S Orleans St, Memphis, TN
2 Bedrooms
$475
788 sqft
Find studio, 1, 2 and 3 bedroom apartments for rent at Longview Gardens in Memphis. View photos, descriptions and more!
Verified
Last updated September 18 at 06:09am
Parkway Village
33 Units Available
Ten Mile Creek
2718 Claudette Rd, Memphis, TN
1 Bedroom
$455
750 sqft
2 Bedrooms
$530
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 September 18 at 12:38am
Parkway Village
2 Units Available
Clearbrook Village Apartments
3516 Tall Oaks Cir, Memphis, TN
1 Bedroom
$575
600 sqft
2 Bedrooms
Ask
Welcome home to Clearbrook Village Apartments. We are conveniently located in Memphis, TN within walking distance to local shopping and entertainment.
Verified
Last updated September 18 at 12:39am
Springhill Community Civic Club
5 Units Available
Jamesbridge Apartments
3815 N Advantage Way Dr, Memphis, TN
1 Bedroom
$559
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 September 18 at 06:01am
Hickory Hill
6 Units Available
Village Green
3450 Fescue Ln, Memphis, TN
1 Bedroom
$580
703 sqft
2 Bedrooms
$655
1155 sqft
3 Bedrooms
$860
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 September 18 at 12:43am
Parkway Village
3 Units Available
Cottonwood Apartments
4653 Cotton Dr, Memphis, TN
1 Bedroom
Ask
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!
Verified
Last updated July 9 at 02:35am
Parkway Village
2 Units Available
DOGWOOD TRACE APARTMENTS
4635 Forest Oak Way, Memphis, TN
1 Bedroom
$510
2 Bedrooms
$620
Find studio, 1, 2 and 3 bedroom apartments for rent at DOGWOOD TRACE APARTMENTS in Memphis. View photos, descriptions and more!
Last updated September 18 at 04:56am
South Memphis Citizens United for Action
1 Unit Available
442 S Parkway E - Unit A
442 South Parkway East, Memphis, TN
2 Bedrooms
$375
720 sqft
2 bedroom 1 bath with fresh paint and flooring. No smoking No pets, No evictions for the past five years.
Last updated September 18 at 05:52am
1 Unit Available
3385 Vernon Avenue
3385 Vernon Avenue, Memphis, TN
2 Bedrooms
$595
800 sqft
Duplex near Summer Ave. This 2BR/1.5BA offers the perfect space for a growing family. Features include a nice-sized living area, and kitchen that is ample for preparing those family dinners.
Last updated September 18 at 05:52am
1 Unit Available
2709 Donna Avenue
2709 Donna Avenue, Memphis, TN
2 Bedrooms
$600
744 sqft
Call Reedy and Company for more information (901) 842-0805 -- to view this home using our automated showing system call (901) 425-1054!! **BONUS AMENITY INCLUDED** A portion of Tenant's total amount due will be used to have HVAC filters delivered
Last updated September 18 at 05:52am
Messick Buntyn
1 Unit Available
786 Pendleton Street
786 Pendleton Street, Memphis, TN
2 Bedrooms
$515
702 sqft
Talk about adorable! This is a fantastic 2 bedroom, with charm that begins at the front porch! Enjoy spacious rooms, including a large eat-in kitchen, a cozy living room, nice yard, and more! Visit this home before it's gone! Call Reedy and Company
Last updated September 17 at 07:40am
Binghampton-Lester
1 Unit Available
78 Eastview Dr
78 Eastview Drive, Memphis, TN
2 Bedrooms
$550
846 sqft
Find studio, 1, 2 and 3 bedroom apartments for rent at 78 Eastview Dr in Memphis. View photos, descriptions and more!
Last updated September 17 at 07:40am
Evergreen Historic District
1 Unit Available
72 Clark Pl Apt 4
72 Clark Pl, Memphis, TN
1 Bedroom
Ask
2 Bedrooms
$600
900 sqft
Wonderful 2 Bedroom and 1 Bath apartment for rent in the heart of Midtown!! The unit is part of a 4 Plex in a quiet neighborhood near Overton Square.
Last updated September 17 at 07:39am
Hamilton
1 Unit Available
1450 Dunn Avenue
1450 Dunn Avenue, Memphis, TN
2 Bedrooms
$550
808 sqft
Please call Ashley at 901-443-4548 to schedule a showing. All applications can be submitted through www.pragerpm.com and reviewed same day. Credit score 550+. NO evictions in the last seven years.
Last updated September 17 at 07:39am
Springhill Community Civic Club
1 Unit Available
3579 Russelwood
3579 Russelwood Dr, Memphis, TN
3 Bedrooms
$595
1021 sqft
Please call Ashley at 901-443-4548 to schedule a showing. All applications can be submitted through www.pragerpm.com and reviewed same day. Credit score 550+. NO evictions in the last seven years.
Last updated September 17 at 07:39am
Sixty Point One Ward
1 Unit Available
1005 Palermo Ave
1005 Palermo Avenue, Memphis, TN
2 Bedrooms
$495
828 sqft
Please call Ashley at 901-443-4548 to schedule a showing. All applications can be submitted through www.pragerpm.com and reviewed same day. Credit score 550+. NO evictions in the last seven years.
Last updated September 17 at 07:39am
Sixty Point One Ward
1 Unit Available
1263 Newark Ave
1263 Newark Avenue, Memphis, TN
2 Bedrooms
$550
831 sqft
Find studio, 1, 2 and 3 bedroom apartments for rent at 1263 Newark Ave in Memphis. View photos, descriptions and more!
Last updated September 17 at 07:39am
1 Unit Available
1356 Wabash Ave
1356 Wabash Avenue, Memphis, TN
2 Bedrooms
$475
870 sqft
Nice 2BR 1BA home for rent! Beautiful floors and nice Front Porch.............
Last updated September 17 at 07:39am
Orange Mound
1 Unit Available
3019 Hoskins Dr
3019 Hoskins Drive, Memphis, TN
3 Bedrooms
$600
1048 sqft
Find studio, 1, 2 and 3 bedroom apartments for rent at 3019 Hoskins Dr in Memphis. View photos, descriptions and more!
Last updated September 17 at 07:39am
Hyde Park
1 Unit Available
1368 Springdale St
1368 Springdale Street, Memphis, TN
1 Bedroom
$600
720 sqft
1 Bedroom 1/2 bath space perfect for office space or child care facility.

September 2019 Memphis Rent Report

Welcome to the September 2019 Memphis Rent Report. Memphis rents declined 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

September 2019 Memphis Rent Report

Welcome to the September 2019 Memphis Rent Report. Memphis rents declined 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 marginally by 0.8% year-over-year. Currently, median rents in Memphis stand at $704 for a one-bedroom apartment and $832 for a two-bedroom. Memphis' year-over-year rent growth lags the state average of 1.9%, as well as the national average of 1.5%.

    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 1.9% 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 $1,315; of the 10 largest Tennessee metro cities that we have data for, all have seen rents rise year-over-year, with Southaven experiencing the fastest growth (+4.4%).
    • Murfreesboro, Hendersonville, and Nashville have all experienced year-over-year growth above the state average (3.3%, 3.2%, and 2.8%, respectively).

    Memphis rents more affordable than many comparable cities nationwide

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

    • Memphis' median two-bedroom rent of $832 is below the national average of $1,191. Nationwide, rents have grown by 1.5% over the past year compared to the 0.8% rise in Memphis.
    • While Memphis' rents rose marginally over the past year, many cities nationwide also saw increases, including Phoenix (+3.7%), Dallas (+2.0%), and New York (+1.7%).
    • Renters will find more reasonable prices in Memphis than most comparable cities. For example, San Francisco has a median 2BR rent of $3,133, 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

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