Cheap Apartments for Rent in Memphis, TX from $400 (32 Rentals)

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

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Crestview Commons
from $4501 to 2 Bedroom Apartments Available Now

Crestview Commons

2302 W Country Club BlvdElk City, OK 73644
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Campus Row Apartments
from $5501 to 2 Bedroom Apartments

Campus Row Apartments

2500 8th AveCanyon, TX 79015
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Four Seasons Apartments
Rent Specials
from $6251 Bedroom Apartments

Four Seasons Apartments

203 28th StCanyon, TX 79015
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Park View Apartments
Rent Specials
from $6752 Bedroom Apartments Available Now

Park View Apartments

2620 10th AveCanyon, TX 79015
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Canyon Place Senior Living
Rent Specials
from $7001 to 2 Bedroom Apartments Available Now

Canyon Place Senior Living

1901 17th AveCanyon, TX 79015
Senior Living
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Showing Results 1-32, 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 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
Crestview CommonsA11BR,1BA$450
Granite LandingSmall StudioStudio,1BA$525
Schneider House1 Bed 1 Bath1BR,1BA$550
Red River Senior Village1 Bed, 1 bath1BR,1BA$550
Park Place ApartmentsOne Bedroom One Bath1BR,1BA$550
The Aspen ApartmentsAyers (1x1)1BR,1BA$569
Heritage HollowA11BR,1BA$575
Briarwood Apartments1 Bedroom 1 Bath1BR,1BA$590

Best Value Apartments for Rent in Memphis, TX and Nearby

As of January 08, 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 Two Bedroom One Bath Model at McCaslin Apartments starting at $935 with a $0.91 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
McCaslin ApartmentsTwo Bedroom One Bath2BR,1BA$0.91
Plainview ApartmentsC23BR,1BA$0.95
The Reserves at Brookside2 bed/2 bath2BR,2BA$0.45
Red River Senior Village2 Beds, 2 baths2BR,2BA$0.82
Park Place ApartmentsOne Bedroom One Bath1BR,1BA$0.86
Briarwood Apartments1 Bedroom 1 Bath1BR,1BA$0.94
Heritage HollowA11BR,1BA$0.96
Schneider House1 Bed 1 Bath1BR,1BA$0.92
Crestview CommonsA11BR,1BA$0.86

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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 $450 at Crestview Commons.

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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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.

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Navigating the World of Low-Income Housing: A Comprehensive Guide

Written by: Kevin Ready

Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.

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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.

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Real Estate Term Glossary: Your Guide to The A to Zs of Renting

Written by: Kevin Ready

Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.