Cheap Apartments for Rent in Memphis, MO from $300 (33 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Memphis.

close
View Me
630 N 6th St
Studio Apartments

630 N 6th St

630 N 6th StBurlington, IA 52601
close
View Me
501 S Osteopathy Ave
1 Bedroom Apartments

501 S Osteopathy Ave

501 S Osteopathy AveKirksville, MO 63501
Student Housing
  • Utilities Included
Showing Results 1-33, Page 1 of 1

Memphis, MO Local Guide

Cheapest Available Memphis Apartments for Rent and Nearby

 

The cheapest available apartment rental in Memphis, MO is a 2 Beds unit found at Tisdale Apartments priced from $650. Halls of Brookfield - 55+ Years has the second lowest priced unit, which is a 2 Beds apartment currently listed from $685. Here is today’s list of the most affordable Memphis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Tisdale Apartments2 Bedroom2BR,1BA$650
Halls of Brookfield - 55+ Years2 Bed 1 Bath2BR,1BA$685
Bel Aire Apartments1 Bedroom1BR,1BA$695
Urbane424 ApartmentsS3 - Studio / 1 BathStudio,1BA$700
Green Gable CottagesGreen Gable - Memorial Park Rd1BR,1BA$750
The Burlington Apartments1BR/1BA1BR,1BA$795
Park Madison Apartments2BR/1BA2BR,1BA$800
Louden LoftsTwo Bedroom2BR,2BA$800
Prairie Village Apartments1BR/1.0BA1BR,1BA$805
Blaul LoftsBlaul Lofts - 4071BR,1BA$850

Best Value Apartments for Rent in Memphis, MO and Nearby

As of April 15, 2025 the best value apartment in the Memphis area is the $0.90 price per square foot Three Beds Two Baths Model at Emerson Garden Apartments in the starting from $1,400. The second greatest value Memphis apartment is the Churchill Lofts - 315 Model at Churchill Lofts starting at $1,100 with a $0.96 price per square foot in the Ginger Ridge neighborhood. Here is today’s list of the best values for Memphis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Emerson Garden ApartmentsThree Beds Two Baths3BR,2BA$0.90
Churchill LoftsChurchill Lofts - 3151BR,1BA$0.96
Summer Street ApartmentsApartment 12BR,1BA$1.00
School House Apartments1 Bedroom and 1 Bath1BR,1BA$0.89
Orchard Lane Apartments2BR/1.0BA2BR,1BA$0.96
Halls of Brookfield - 55+ Years2 Bed 1 Bath2BR,1BA$0.83
Blaul LoftsBlaul Lofts - 3021BR,1BA$1.04
Louden LoftsTwo Bedroom2BR,2BA$1.00
Park Madison Apartments1BR/1BA1BR,1BA$0.93
Tisdale Apartments2 Bedroom2BR,1BA$0.93

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Memphis, MO Rentals by Map

Decorative image of map

See the most popular apartments and homes in Memphis, MO

View MapMemphis, MO Apartments MapView MapMemphis, MO Rental Homes Map

Getting Around Memphis, MO

Walk Score®

32 / 100

Car-Dependent

Most errands require a car

Bike Score®

34 / 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

What is the Cheapest Studio apartment in Memphis?

Currently the most affordable Cheap Studio Apartment in Memphis is at Urbane424 Apartments listed at $700.

How much is rent for a Cheap One Bedroom Memphis Apartment?

The lowest price for a Cheap One Bedroom Memphis Apartment is $695 at Bel Aire Apartments.

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 $650 at Tisdale Apartments.

What is the most affordable Memphis Three Bedroom Apartment?

The best deal on a cheap Memphis Three Bedroom Apartment rental is at Louden Lofts and starts from $845.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.