Cheap Apartments for Rent in Memphis, TX from $400 (30 Rentals)

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Campus Row Apartments
1 to 2 Bedroom Apartments

Campus Row Apartments

2500 8th AveCanyon, TX 79015
  • Utilities Included
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Memphis, TX Local Guide

Cheapest Available Memphis Apartments for Rent and Nearby

 

The cheapest available apartment rental in Memphis, TX is a 2 Beds unit found at The Reserves at Brookside priced from $447. Park 220 has the second lowest priced unit, which is a Studio apartment currently listed from $450. Here is today’s list of the most affordable Memphis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Reserves at Brookside2 bed/2 bath2BR,2BA$447
Park 220StudioStudio,1BA$450
Heritage HollowA11BR,1BA$500
Granite LandingSmall StudioStudio,1BA$525
Park Place ApartmentsOne Bedroom One Bath1BR,1BA$550
Red River Senior Village1 Bed, 1 bath1BR,1BA$550
Briarwood Apartments1 Bedroom 1 Bath1BR,1BA$590
Candlewyck ApartmentsSmall EfficiencyStudio,1BA$635
The Aspen ApartmentsAyers (1x1)1BR,1BA$643
Apple Creek ApartmentsOne Bedroom1BR,1BA$645

Best Value Apartments for Rent in Memphis, TX and Nearby

As of March 26, 2025 the best value apartment in the Memphis area is the $0.72 price per square foot 3B60-2 Model at North Grand Villas in the in the Dumas Junction neighborhood starting from $916. The second greatest value Memphis apartment is the 2 Bed 1 Bath Model at Schneider House starting at $650 with a $0.54 price per square foot . 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.
North Grand Villas3B60-23BR,2BA$0.72
Schneider House2 Bed 1 Bath2BR,1BA$0.54
McCaslin ApartmentsTwo Bedroom One Bath2BR,1BA$0.91
Plainview ApartmentsC23BR,1BA$0.90
The Reserves at Brookside2 bed/2 bath2BR,2BA$0.45
Crestview CommonsB12BR,2BA$0.71
Red River Senior Village2 Beds, 2 baths2BR,2BA$0.82
Heritage HollowB12BR,1BA$0.67
Park Place ApartmentsOne Bedroom One Bath1BR,1BA$0.86
Briarwood Apartments1 Bedroom 1 Bath1BR,1BA$0.94

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Getting Around Memphis, TX

Walk Score®

18 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

37 / 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 Park 220 listed at $450.

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

The lowest price for a Cheap One Bedroom Memphis Apartment is $500 at Heritage Hollow.

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 $447 at The Reserves at Brookside.

What is the most affordable Memphis Three Bedroom Apartment?

The best deal on a cheap Memphis Three Bedroom Apartment rental is at The Reserves at Brookside and starts from $512.

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.

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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.

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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.

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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.

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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.