Cheap Apartments for Rent in Memphis, MI from $400 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in Memphis.

The Willows

Aspen Grove Apartments

Hickory Square Apartments

Anchor Bay Apartments

Golf Marina Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

ST. CLAIR LANDINGS

Chesterfield Manor

Camberwell Apartments

Blackwood Apartments

Eagles Landing of Washington

Aspen Creek Apartments
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Oakview Square

Waters Edge Estates

Lighthouse Estates

Apple Valley Apartments

Brookstone Place Apartments
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Stony on Van Dyke
Memphis, MI Local Guide

How much does it cost to rent an apartment in Memphis?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Memphis Studio Apartments | $860 | $605 | $1,175 |
Memphis 1 Bedroom Apartments | $1,038 | $725 | $1,450 |
Memphis 2 Bedroom Apartments | $1,725 | $890 | $3,165 |
Memphis 3 Bedroom Apartments | $1,355 | $1,160 | $2,264 |
Browse Top Apartments in Memphis
See all Apartments in MemphisExplore Memphis
Memphis, MI Local Guide
- Nearby Cities
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Cheapest Available Memphis Apartments for Rent and Nearby
 The cheapest available apartment rental in Memphis, MI is a 1 Bed unit found at The Willows in the Sandstone at The Retreat neighborhood priced from $725. Hickory Square Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $815. Here is today’s list of the most affordable Memphis apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Willows | One Bedroom | 1BR,1BA | $725 |
Hickory Square Apartments | A | 1BR,1BA | $815 |
Anchor Bay Apartments | 1 Bedroom | 1BR,1BA | $850 |
Golf Marina Apartments | One Bedroom | 1BR,1BA | $850 |
ST. CLAIR LANDINGS | 1 Bedroom 1 Bathroom | 1BR,1BA | $855 |
Best Value Apartments for Rent in Memphis, MI and Nearby
As of May 17, 2025 the best value apartment in the Memphis area is the $1.15 price per square foot G, H, K & L Style Model at Casa Mia Apartments in the in the New Baltimore neighborhood starting from $1,350. The second greatest value Memphis apartment is the 2 Bedroom 1 Bathroom with basement Model at Blackwood Apartments starting at $925 with a $0.93 price per square foot in the Downtown Port Huron neighborhood. Here is today’s list of the best values for Memphis apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Casa Mia Apartments | G, H, K & L Style | 2BR,2BA | $1.15 |
Blackwood Apartments | 2 Bedroom 1 Bathroom with basement | 2BR,1BA | $0.93 |
Stony on Van Dyke | Two Bedroom | 2BR,1BA | $1.26 |
Anchor Bay Apartments | 1 Bedroom | 1BR,1BA | $0.89 |
LAKE VILLAGE APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.18 |
Chesterfield Manor | One Bedroom | 1BR,1BA | $1.09 |
Aspen Creek Apartments | One Bedroom | 1BR,1BA | $1.22 |
Hickory Square Apartments | A | 1BR,1BA | $1.12 |
Golf Marina Apartments | One Bedroom | 1BR,1BA | $1.21 |
The Willows | One Bedroom | 1BR,1BA | $1.21 |
Quick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Memphis, MI Rentals by Map
See the most popular apartments and homes in Memphis, MI
Getting Around Memphis, MI
Walk Score®
26 / 100
Car-Dependent
Most errands require a car
Bike Score®
32 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Memphis Apartments
How much is rent for a Cheap One Bedroom Memphis Apartment?
The lowest price for a Cheap One Bedroom Memphis Apartment is $725 at The Willows.
What is the lowest price for a Cheap Two Bedroom Memphis Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Memphis is starting from $905 at Hickory Square Apartments.
What is the most affordable Memphis Three Bedroom Apartment?
The best deal on a cheap Memphis Three Bedroom Apartment rental is at Hickory Square Apartments and starts from $1,145.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.