
Cheap Apartments for Rent in Memphis, TX from $400 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in Memphis.


The Reserves at Brookside

Park 220

Park Place Apartments

Heritage Hollow

Briarwood Apartments

The Aspen Apartments

CROSS TIMBERS AT GRAND STREET

McCaslin Apartments

Candlewyck Apartments

The Coachlight Apartments

Crestview Commons

Plainview Apartments

The Depot

Brierwood Apartments

Canterbury Apartments

Pioneer Crossing Vernon
Memphis, TX Local Guide

How much does it cost to rent an apartment in Memphis?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Memphis Studio Apartments | $610 | $400 | $1,095 |
Memphis 1 Bedroom Apartments | $662 | $525 | $1,050 |
Memphis 2 Bedroom Apartments | $848 | $447 | $1,650 |
Memphis 3 Bedroom Apartments | $1,130 | $512 | $2,000 |
Memphis 4 Bedroom Apartments | $1,231 | $857 | $1,800 |
Browse Top Apartments in Memphis
See all Apartments in MemphisExplore Memphis
Memphis, TX Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Reserves at Brookside | 2 bed/2 bath | 2BR,2BA | $447 |
Park 220 | Studio | Studio,1BA | $450 |
Granite Landing | Small Studio | Studio,1BA | $525 |
Red River Senior Village | 1 Bed, 1 bath | 1BR,1BA | $550 |
Park Place Apartments | One Bedroom One Bath | 1BR,1BA | $550 |
Schneider House | 1 Bed 1 Bath | 1BR,1BA | $550 |
Heritage Hollow | A1 | 1BR,1BA | $575 |
Briarwood Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $590 |
Four Seasons Apartments | 1BR/1.0BA | 1BR,1BA | $600 |
The Aspen Apartments | Ayers (1x1) | 1BR,1BA | $617 |
Best Value Apartments for Rent in Memphis, TX and Nearby
As of February 20, 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 C1 Model at Summit at Central Village starting at $900 with a $0.75 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. |
---|---|---|---|
North Grand Villas | 3B60-2 | 3BR,2BA | $0.72 |
Summit at Central Village | C1 | 3BR,1.5BA | $0.75 |
McCaslin Apartments | Two Bedroom One Bath | 2BR,1BA | $0.91 |
The Reserves at Brookside | 2 bed/2 bath | 2BR,2BA | $0.45 |
Crestview Commons | B1 | 2BR,2BA | $0.71 |
Red River Senior Village | 2 Beds, 2 baths | 2BR,2BA | $0.82 |
Park Place Apartments | One Bedroom One Bath | 1BR,1BA | $0.86 |
Briarwood Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $0.94 |
Heritage Hollow | A1 | 1BR,1BA | $0.96 |
Schneider House | 1 Bed 1 Bath | 1BR,1BA | $0.92 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Memphis, TX Rentals by Map
See the most popular apartments and homes in Memphis, TX
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 $550 at Red River Senior Village.
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.

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.

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.

Signing Your Apartment Lease: The Basics
Written by: Trey Huguley
When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.