Cheap Apartments for Rent in Memphis, TX from $400 (33 Rentals)

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Cheap Apartments in Memphis.

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.

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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.

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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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Schneider House
1 to 2 Bedroom Apartments

Schneider House

120 S Russell StPampa, TX 79065
  • Utilities Included
Showing Results 1-33, Page 1 of 1

Memphis, TX Local Guide

Cheapest Available Memphis Apartments for Rent and Nearby

 

The cheapest available apartment rental in Memphis, TX is a Studio unit found at Park 220 priced from $450. Heritage Hollow has the second lowest priced unit, which is a 1 Bed apartment currently listed from $500. Here is today’s list of the most affordable Memphis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Park 220StudioStudio,1BA$450
Heritage HollowA11BR,1BA$500
Granite LandingSmall StudioStudio,1BA$525
Schneider House1BR/1.0BA1BR,1BA$550
Park Place ApartmentsOne Bedroom One Bath1BR,1BA$550
Briarwood Apartments1 Bedroom 1 Bath1BR,1BA$590
Candlewyck ApartmentsSmall EfficiencyStudio,1BA$635
CROSS TIMBERS AT GRAND STREETA11BR,1BA$644
Apple Creek ApartmentsOne Bedroom1BR,1BA$645
North Grand Villas2B60-22BR,2BA$659

Best Value Apartments for Rent in Memphis, TX and Nearby

As of May 04, 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 3 bed/2 bath Model at The Reserves at Brookside starting at $1,150 with a $0.97 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
The Reserves at Brookside3 bed/2 bath3BR,2BA$0.97
McCaslin ApartmentsTwo Bedroom One Bath2BR,1BA$0.91
Summit at Central VillageB12BR,1BA$0.99
Crestview CommonsB12BR,2BA$0.71
Plainview ApartmentsB22BR,1BA$0.90
Heritage HollowB12BR,1BA$0.67
Park Place ApartmentsOne Bedroom One Bath1BR,1BA$0.86
Briarwood Apartments1 Bedroom 1 Bath1BR,1BA$0.94
Schneider House1BR/1.0BA1BR,1BA$0.92

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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 $625 at Heritage Hollow.

What is the most affordable Memphis Three Bedroom Apartment?

The best deal on a cheap Memphis Three Bedroom Apartment rental is at Park Place Apartments and starts from $750.

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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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.

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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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.