cheap apartments

Last updated June 7 2023 at 10:51 PM

562 Cheap Apartments for rent in Memphis, TN

Finding cheap apartments in Memphis takes some ingenuity and effort, as well as quick action. Before you head out on your search, bring along pay stubs, bank statements, letters ... Read Guide >

1 of 32

Verified

31 Units Available

Edge at Lakeview

6296 Lake View Trl, Memphis, TN 38115

Hickory Hill

1 Bedroom

$865

603 sqft

2 Bedrooms

$1,035

980 sqft

3 Bedrooms

$1,205

1289 sqft

Welcome home to Edge at Lakeview!

1 of 23

Verified

37 Units Available

Indigo Riverview

99 N Main St, Memphis, TN 38103

The Core

Studio

$947

399 sqft

1 Bedroom

$1,127

761 sqft

2 Bedrooms

$1,672

1020 sqft

Rising 25 stories high in the downtown Memphis sky, Indigo Riverview Apartments offers unparalleled views and a centralized location near the University of Memphis Law School and the Memphis Medical District. Our multimillion-dollar renovation projects include a new resident lounge, theater and game room, fitness center, and community pool. Our spacious floor plans include updated interiors, private patios/balconies. Residents also have access to high-speed internet connections through select service providers. Call today to schedule a tour and see why residents love calling our community home!

1 of 10

Verified

9 Units Available

The Junction

3341 Southern Avenue, Memphis, TN 38111

Messick Buntyn

1 Bedroom

$800

525 sqft

2 Bedrooms

$1,050

650 sqft

The Junction is located in the heart of the University District and the Highland Strip. The Junction offers beautifully renovated apartment homes, secluded courtyards, secure access community, 24 Hour Emergency Maintenance, secure access parking, pet friendly, outdoor fire pits, Bark Parks (coming Summer 2023!), on-site coinless laundry, high-speed internet access/cable ready, luxury vinyl flooring throughout, ample storage, privacy screens, 2" wood blinds, bike storage, and common area patios. The Junction is ideally located for the hard-working student or young professional! These apartments fill up fast so contact us to learn more about why The Junction is the perfect place for your new home. Call to schedule your tour today!

Lynnfield Place Apartments Photo Gallery 1

1 of 19

Verified

18 Units Available

Lynnfield Place Apartments

5900 Cedar Forest Drive, Memphis, TN 38119

1 Bedroom

$952

760 sqft

2 Bedrooms

$1,111

1040 sqft

3 Bedrooms

$1,326

1600 sqft

Welcome home to Lynnfield Place where we offer thoughtfully designed one, two and three-bedroom homes in both apartment and townhome styles. Our pet-friendly community is situated just off I-240 and Poplar Avenue, providing a convenient commute to major East Memphis employers. Bank of America Financial Center, FedEx Executive offices, Target, Whole Foods and numerous shopping, dining and entertainment options at Eastgate shopping center are all just a few minutes away.

1 of 7

Verified

47 Units Available

The District

6420 Knight Arnold Rd, Memphis, TN 38115

Hickory Hill

1 Bedroom

$749

521 sqft

2 Bedrooms

$1,080

933 sqft

The District apartments are located southeast of downtown Memphis, Tennessee. This scenic community provides easy access to State Hwy 385 and the Avron B Fogelman Expy, making your stressful commute a thing of the past. Enjoy local dining, shopping, and irresistible entertainment, all within reach. The District is your gateway to the future. We are pleased to offer six spacious floor plans with one and two bedroom apartment homes for rent in East Memphis, Tennessee. Apartments are equipped with central air and heating, a balcony or a patio, carpeted flooring, and ceiling fans. Cook that gourmet meal in the all-electric kitchen with a refrigerator and a dishwasher. The District is a pet-friendly community and welcomes your entire family. Great amenities don't stop at your front door! Our community offers a business center, a beautiful clubhouse, gated access, a laundry facility, and on-call maintenance. We make staying in shape easy and fun with our shimmering swimming pool, and a sta

1 of 13

Verified

10 Units Available

The Stella

2165 E River Trace Dr, Memphis, TN 38134

1 Bedroom

$875

814 sqft

2 Bedrooms

$955

1044 sqft

The Stella is a beautiful apartment home community in Memphis, TN. With our community’s premier location in northeast Memphis, you will never be far from shopping, local eateries, and entertainment hotspots. Getting where you need to be will be a breeze with Interstate 79, only a short drive away. Parents will be pleased to know we are part of the Shelby County School District, and also close by, is Harding University and Southwest Tennessee Community College. Designed with you in mind, choose from our one, two, and three bedroom apartment homes for rent. Our standard features include air conditioning, a balcony or patio, refrigerator, dishwasher, washer and connections, and wood laminate flooring. Designed to complement your lifestyle, our layouts are guaranteed to satisfy. Make sure you bring your furry friends along as we welcome all members of your family. This warm and inviting community will make you feel right at home. You can lounge by the shimmering swimming pool or challe

1 of 11

Verified

3 Units Available

The Local

3251 Knight Trails Circle, Memphis, TN 38115

Hickory Hill

1 Bedroom

$806

521 sqft

2 Bedrooms

$998

1080 sqft

Finding an apartment home living in Memphis, Tennessee has never been easier! The Local is a pet-friendly community located just minutes from downtown. Our prime location offers respite to residents who want to experience city living but without all the extra hassle. With close proximity to many amazing local restaurants, entertainment attractions, shops, gyms, and parks, there is something for everyone to explore and discover here. Uncover comfort and convenience in our one and two bedroom apartments for rent with amenities that were designed with you in mind. Show off the space in your walk-in closet, or enjoy the comfort of your carpeted floors. Relax in front of your wood burning fireplace or appreciate the views of Memphis on your balcony or patio. We also feature ceiling fans, central air and heating, and washer and dryer connections. The ease of apartment living doesn’t end when you leave your space, because The Local features incredible community amenities suited for your urb

Creekside Meadows Apartment Photo Gallery 1

1 of 9

Verified

19 Units Available

Creekside Meadows Apartment

3471 West Briarpark Drive, Memphis, TN 38116

1 Bedroom

$563

645 sqft

2 Bedrooms

$685

867 sqft

3 Bedrooms

$833

867 sqft

Creekside Meadows offers wonderful apartment homes with on-site laundry, stylish plank flooring, and updated appliances. We’re right near Fed-Ex and just a short distance from Dollar General, Mapco, and Memphis International Airport. Looking for an affordable 1 or 2 bedroom apartment home in the Whitehaven neighborhood of Memphis? Apartments are available now, and you can move in without a security deposit. Contact us for a tour today.

1 of 10

Verified

4 Units Available

Barron Court

1175 Barron Court, Memphis, TN 38114

Orange Mound

2 Bedrooms

$729

775 sqft

Located in the Orange Round neighborhood of Memphis Tennessee, Barron Court offers charming 2 bedroom apartments for rent. Our rental homes feature fully equipped kitchens, porches, large closets, and stylish vinyl plank flooring. Residents value our washer/dryer hookups, off-street parking, and 24-hour maintenance. We are conveniently located just a short drive from the University of Memphis, I-240, Route 4, and numerous restaurants, shops, and entertainment venues. Our affordable rents and comfortable apartments make Barron Court Apartments the ideal place to call home in Memphis. Apartments are available now, and you can move in without a security deposit. Contact us for a tour today.

1 of 8

Verified

4 Units Available

Longview Gardens

1726 South Orleans Street, Memphis, TN 38106

Concerned Citizens Network System, Inc

2 Bedrooms

$718

788 sqft

Located in South Memphis, Longview Gardens offers 2-bedroom apartments for rent. This community’s rental homes feature hardwood floors, new kitchen appliances, large bedrooms, and spacious floor plans. Residents value our on-site laundry facilities, off-street parking, and courtyard. We are just five minutes south of downtown Memphis where you can find endless restaurants, shopping, and entertainment. With I-240 & South Parkway close by, you have easy access to metropolitan Memphis. Our affordable rents and comfortable apartments make Longview Gardens the ideal place to call home in Memphis. Apartments are available now, and you can move in without a security deposit. Contact us for a tour today.

1 of 12

Verified

8 Units Available

El Dorado

2743 Ketchum Road, Memphis, TN 38114

1 Bedroom

$633

573 sqft

2 Bedrooms

$700

728 sqft

Located in Southeast Memphis, El Dorado offers spacious 1 and 2-bedroom apartments for rent. Our community’s rental homes feature stylish vinyl plank flooring, carpeted bedrooms, and spacious floor plans. Residents value our on-site laundry facility, off-street parking, playground, and BBQ area. We are conveniently located within one mile of the I-240, providing easy access to Memphis's lively downtown. We are surrounded by many stores, food options, and activities. Our affordable rents and comfortable apartments make El Dorado the ideal place to call home in Memphis. Apartments are available now, and you can move in without a security deposit. Contact us for a tour today.

Longview Heights Apartments Photo Gallery 1

1 of 8

Verified

10 Units Available

Longview Heights Apartments

1953 Philsar Street, Memphis, TN 38106

Concerned Citizens Network System, Inc

2 Bedrooms

$564

788 sqft

Longview Heights offers wonderful apartment homes in a quiet neighborhood with on-site management, central heat and air conditioning, hardwood flooring, and updated appliances. We’re conveniently located near FedEx, as well as the South Gaye Shopping Center. Looking for an affordable 2 bedroom apartment home in South Memphis? Apartments are available now, and you can move in without a security deposit. Contact us for a tour today.

1 of 15

Verified

22 Units Available

Mill Creek

4537 Mill Stream Drive, Memphis, TN 38116

1 Bedroom

$623

710 sqft

2 Bedrooms

$862

960 sqft

Located in the Whitehaven neighborhood of Memphis, Mill Creek Apartments features spacious 1, 2, and 3-bedroom apartments. We’re a gated community of affordable rental homes. Our apartments feature carpet and vinyl flooring, brand-new kitchen appliances, washer and dryer hookups, and spacious bedrooms. Residents enjoy our outdoor swimming pool, playground, picnic area with BBQs, and convenient onsite parking. With the Interstate 240 less than one mile away, endless shopping, recreation, entertainment, educational, and medical options are close by in downtown Memphis. Contact us for a tour today.*Please note: Mill Creek is an income-restricted community. Call today for more information!

1 of 29

Verified

42 Units Available

The Summit

4981 Hidden Lake Drive, Memphis, TN 38128

1 Bedroom

$749

594 sqft

2 Bedrooms

$879

960 sqft

3 Bedrooms

$1,142

1246 sqft

It is often said that life has its rewards. The Summit offers the lifestyle you deserve in the center of it all. Resort style living with urban convenience is what you get when you choose our breathtaking community of apartments for rent in Memphis, Tennessee. Whether you are soaking up the sun beside our of our two resort style swimming pools, or relaxing around one of the natural lakes with lush grounds, luxury is all around you at The Summit. If you are looking to stay active, you will love our newly renovated fitness facility along with our outdoor sports court! The Summit offers one, two, and three bedroom homes to meet your lifestyle. Conveniently located near I- 40, Highway 14, and US 51, you are only minutes away from shopping, entertainment, and the heart of Memphis. The Summit truly has it all.

1 of 16

Verified

31 Units Available

Ashton Hills

4183 Troost Drive, Memphis, TN 38128

Springhill Community Civic Club

1 Bedroom

$690

560 sqft

2 Bedrooms

$790

784 sqft

3 Bedrooms

$890

1044 sqft

Welcome home to Ashton Hills Apartments, located in Memphis, Tennessee!\nWe offer inviting one, two, and three bedroom apartments, featuring spacious living areas, fully-equipped kitchens with updated appliances, brand new flooring, generous storage space, and washer/dryer connections!\nAshton Hills Apartments is located in Memphis, with easy access to ALDI, Dollar General, Checkers, Krystal, Dixie Queen, and Popeyes Louisiana Kitchen. We are situated near many area schools and employers, including Egypt Elementary School, Raleigh Egypt Middle School, Raleigh Egypt High School, Nike Employee Store, and Amazon Distribution Center. With our convenient location just minutes from Raleigh Millington Road, getting around the city is a breeze!\nCome home to Ashton Hills Apartments today!

Crossings at Fox Meadows Photo Gallery 1

1 of 3

Verified

13 Units Available

Crossings at Fox Meadows

2894 Putting Green Cove, Memphis, TN 38115

Fox Meadows

1 Bedroom

$865

835 sqft

2 Bedrooms

$945

935 sqft

3 Bedrooms

$1,090

1200 sqft

Stop by Crossings at Fox Meadows Apartments today to find the perfect place to call home! If you are searching for an inviting one, two, or three bedroom apartment or townhome, Crossings at Fox Meadows Apartments has what you're looking for! Every home features a fully-equipped kitchen with black appliances and granite countertops, wood-inspired flooring, upgraded lighting, custom gray painted walls, and a private patio! Enjoy an array of fantastic community amenities including a refreshing swimming pool, picnic area with BBQ grills, and on-site dog park! For your convenience, our gated community also offers secure access, on-site maintenance, and storage unit options. Watch a walkthrough video tour, or give us a call to set up a personal tour and experience all that Crossings at Fox Meadows Apartments has to offer!

1 of 43

Verified

56 Units Available

The Park at Forest Hill

8285 Irene Blvd, Memphis, TN 38125

Lakes of Forest Hill

1 Bedroom

$883

667 sqft

2 Bedrooms

$917

1043 sqft

Welcome to The Park at Forest Hill, an exclusive community of apartments in Memphis, Tennessee. Situated on a peaceful golf course, The Park at Forest Hill offers updated one and two-bedroom apartment homes equipped with high-end amenities. Our pet-friendly community features a fabulous clubhouse, children's playground, on-site bark park, and outdoor sports court. Plus, with a professional and courteous management team and 24-hour maintenance services, The Park at Forest Hill sets the bar high in upscale Memphis apartment living.

1 of 8

Verified

22 Units Available

The Enclave Apartments

2940 Hickory Hill Rd, Memphis, TN 38115

Hickory Hill

1 Bedroom

$830

689 sqft

2 Bedrooms

$980

1014 sqft

3 Bedrooms

$1,105

1150 sqft

Our residents love all of the outdoor amenities like the sparkling swimming pool, tennis courts, playground and wide open grassy area with beautiful landscaping and plenty of room to run and play all in a gated access entrance. Drop by the leasing office or call today to learn more about our community and make your move to Gardenwood Apartments!

1 of 31

Verified

36 Units Available

Idlewild 45 Apartments

45 South Idlewild Street, Memphis, TN 38104

Idlewild-East End Historic

Studio

$900

469 sqft

1 Bedroom

$1,000

585 sqft

2 Bedrooms

$1,500

790 sqft

Welcome to Idlewild 45 Apartments in Memphis, Tennessee! As a resident, you’ll enjoy our inviting studio, one, and two bedroom apartments, along with a fantastic selection of community amenities. All of our floorplans offer spacious living areas, fully-equipped kitchens, and generous storage space, creating the ideal space for relaxing and entertaining! Select units also include a private balcony. At Idlewild 45 Apartments, you’ll experience an array of luxury amenities. Take a dip in our resort-style swimming pool, or stay active at our 24-hour fitness center. For your convenience, we also offer a dog wash station, on-site laundry facility, valet trash service, coffee and tea bar, elevator access, complimentary Wi-Fi in all common areas, and controlled access to the building. Choose the floorplan that fits your lifestyle and take a walkthrough video tour, or call our friendly leasing staff to schedule a tour of your new home. We look forward to seeing you at Idlewild 45 Apartments!

1 of 1

Verified

49 Units Available

Boulevard

3860 Eaglewood Drive, Memphis, TN 38115

Hickory Hill

1 Bedroom

$805

708 sqft

2 Bedrooms

$905

875 sqft

3 Bedrooms

$1,050

1219 sqft

The Boulevard is an attractive community nestled in East Memphis, Tennessee. With your needs in mind, our community was designed to provide you the comfort and convenience you deserve. Living at The Boulevard gives you access to all our city has to offer, combined with all that our community provides. Under new ownership and management, positive changes and renovations are occurring! Between beautiful interior redesigns, extensive amenity restorations, fresh landscaping, exterior building revivals and so much more, resident satisfaction is the focus and our mission!

1 of 22

Verified

21 Units Available

Highland Chateau

5246 Raleigh LaGrange Rd, Memphis, TN 38134

1 Bedroom

$804

760 sqft

2 Bedrooms

$944

1250 sqft

3 Bedrooms

$1,114

1550 sqft

1 of 17

Verified

34 Units Available

The Abington

4616 Scott Crossing Drive, Memphis, TN 38128

2 Bedrooms

$800

900 sqft

Stop by The Abington Apartments today to find the perfect place to call home! If you are searching for a comfortable and inviting two bedroom apartment, The Abington Apartments has what youre looking for! Every apartment features spacious living areas, a fully-equipped kitchen, generous storage space, washer/dryer in-unit, and a private patio or balcony! The Abington Apartments offers an array of community amenities for our residents to take advantage of. Take a dip in the refreshing swimming pool, spend time with your family at our large playground area, or stay active at our fitness center! For your convenience, we also offer on-site patrol services, as well as on-site management and maintenance teams. Watch our walkthrough video tour, or give us a call today to set up a personal tour and experience all that The Abington Apartments has to offer!

1 of 9

Verified

12 Units Available

Twin Oaks

4819 Winchester Rd, Memphis, TN 38118

1 Bedroom

$810

640 sqft

2 Bedrooms

$930

1040 sqft

3 Bedrooms

$980

1250 sqft

\nWelcome home to Twin Oaks Apartments! Settle into one of our inviting one, two, or three bedroom apartments or townhomes. If you are searching for a relaxing and inviting space, you’re in luck! Every floorplan offers spacious living areas, a fully-equipped kitchen, generous storage space, private patio or balcony, and washer/dryer connections. Select units also include cozy fireplaces!

1 of 4

Verified

2 Units Available

Greenview Estates

4715 Hedges Drive, Memphis, TN 38128

2 Bedrooms

$765

917 sqft

3 Bedrooms

$870

1147 sqft

Greenview Estates offers traditional single-level, two and three bedroom apartment homes perfect for your every need. Our amenities including a built-in dishwasher, washer/dryer connections, walk-in closets and open layout floor plans are just what you need to feel comfortable at home. This quiet estate boasts community features our residents love like a clubhouse, rentable storage units, a playground, and play area for pets. These amenities and much more are waiting for you! Everything you need can be found at Greenview Estates Apartments. Call or stop by today to see why you’ll love Greenview Estates.

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Frequently Asked Questions

Frequently Asked Questions (FAQs)

What is the typical rent for a studio apartment in Memphis?

The average rent for a studio apartment in Memphis is $1,268.

How expensive are one-bedroom apartments in Memphis?

The average rent for a one-bedroom apartment rental in Memphis is $1,209.

How much is rent for two-bedroom apartments in Memphis?

The average monthly rent for a two-bedroom apartment in Memphis is $1,345.

Are there any properties that are currently offering move-in specials in Memphis?

Yes, you can filter your apartment search to only include properties in Memphis that are offering move-in specials.

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 cheap apartments in Memphis, TN

Finding cheap apartments in Memphis takes some ingenuity and effort, as well as quick action. Before you head out on your search, bring along pay stubs, bank statements, letters of recommendations from landlords or employers, and identification. The more proactive you are about your search, the easier it will be to score a deal.

Look for cheap apartments in Memphis by regularly scouring listings and looking during slower renting seasons, like winter. You can still find a deal if you move during the summer months when apartment hunting is more competitive.

You may be able to find cheap apartments in Memphis in neighborhoods that are located away from attractions, restaurants, and entertainment. You may need to look farther out than you would prefer, but access to highways or public transportation can get you into the heart of Memphis.

The building you choose can also make a difference in finding a cheap apartment in Memphis. Older buildings that need some updating are more likely to have better deals. Walk-up apartments without elevators, on-street parking and few amenities like on-site fitness centers can also signal affordable rents in Memphis.

562 Cheap Apartments for rent in Memphis, TN

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Frequently Asked Questions

Frequently Asked Questions (FAQs)

What is the typical rent for a studio apartment in Memphis?

How expensive are one-bedroom apartments in Memphis?

How much is rent for two-bedroom apartments in Memphis?

Are there any properties that are currently offering move-in specials in Memphis?