
Cheap Homes for Rent in Memphis, MO from $500 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Memphis.


109 Roads St

1714 Singleton Ave

601 W Smith St

2545 N Co Rd 1740

121 S Ash St

43 Doyle Way

702 Court Ave

14876 Washington Rd

16 Cascade Dr

108 N 1st St

116 N 4th St

202 6th Ave E

124 W Missouri St

310 N Elson St
Memphis, MO Local Guide

How much does it cost to rent a home in Memphis?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Memphis 2 Bedroom Homes for Rent | $988 | $650 | $1,400 |
Memphis 3 Bedroom Homes for Rent | $1,480 | $700 | $3,700 |
Memphis 4 Bedroom Homes for Rent | $623 | $623 | $623 |
Browse Top Homes for Rent in Memphis
Explore Memphis
Memphis, MO Local Guide
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Cheapest Available Memphis Apartments for Rent and Nearby
 The cheapest available apartment rental in Memphis, MO is a 1 Bed unit found at Bel Aire Apartments in the Ginger Ridge neighborhood priced from $650. MAPLE PLACE APARTMENTS has the second lowest priced unit, which is a 2 Beds apartment currently listed from $660. Here is today’s list of the most affordable Memphis apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Bel Aire Apartments | 1 Bedroom | 1BR,1BA | $650 |
MAPLE PLACE APARTMENTS | 2 Bed 1 Bath | 2BR,1BA | $660 |
Halls of Brookfield - 55+ Years | 2 Bed 1 Bath | 2BR,1BA | $685 |
Prairie Village Apartments | 1BR/1.0BA | 1BR,1BA | $760 |
Summer Street Apartments | Studio | 1BR,1BA | $775 |
Best Value Apartments for Rent in Memphis, MO and Nearby
As of March 22, 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 Cottage-3 Model at Terrace View by Kading starting at $1,235 with a $1.00 price per square foot . 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. |
---|---|---|---|
Emerson Garden Apartments | Three Beds Two Baths | 3BR,2BA | $0.90 |
Terrace View by Kading | Cottage-3 | 3BR,2BA | $1.00 |
Blaul Lofts | Blaul Lofts - 216 | 2BR,1BA | $1.00 |
Park Madison Apartments | 2BR/1BA | 2BR,1BA | $0.84 |
MAPLE PLACE APARTMENTS | 3 Bed 1 Bath Townhome | 3BR,1BA | $0.87 |
Churchill Lofts | Churchill Lofts - 211 | 1BR,1BA | $1.01 |
Northern Plains by Kading | Cottage - 2 | 2BR,1BA | $1.07 |
Halls of Brookfield - 55+ Years | 2 Bed 1 Bath | 2BR,1BA | $0.83 |
Louden Lofts | Two Bedroom | 2BR,2BA | $1.00 |
Bel Aire Apartments | 2 Bedroom | 2BR,1BA | $1.11 |
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Frequently Asked Questions about Memphis
What type of rentals are currently available in Memphis?
There are currently 38 Apartments for Rent in Memphis, MO with pricing that ranges from $300 to $1,900. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $585 to $3,700.
What is the current price range for Rental Homes in Memphis?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Memphis ranges from $585 to $3,700 with an average monthly rent of $1,004.
How much are larger Three and Four Bedroom Rentals in Memphis?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Memphis range from $340 to $1,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $3,700. Four Bedroom Single-Family rentals are also available starting from $623 and Four Bedroom Apartments start at $596.
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.

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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.

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.