507 S Loop 335 W
AmarilloTX79124
Cheap Homes for Rent in Memphis, TX from $400 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Memphis.
903 W 8th St
QuanahTX79252
817 N Park Ave
AltusOK73521
1021 N Hudson St
AltusOK73521
1604 Yonkers St
PlainviewTX79072
400 SE 58th Ave
AmarilloTX79118
812 N Dwight St
PampaTX79065
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Memphis, TX Local Guide
Waving Texas Flag by rcbodden is licensed under CC BY 2.0
How much does it cost to rent a home in Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Memphis 2 Bedroom Homes for Rent | $839 | $634 | $1,050 |
| Memphis 3 Bedroom Homes for Rent | $1,492 | $599 | $2,295 |
| Memphis 4 Bedroom Homes for Rent | $2,150 | $1,200 | $3,000 |
Browse Top Homes for Rent in Memphis
Explore Memphis
Memphis, TX Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Park 220 | Studio | Studio,1BA | $450 |
| Heritage Hollow | A1 | 1BR,1BA | $500 |
| Granite Landing | Small Studio | Studio,1BA | $525 |
Best Value Apartments for Rent in Memphis, TX and Nearby
As of April 11, 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 |
| Cypress Creek at Jason Avenue | Trinity | 2BR,2BA | $1.01 |
| McCaslin Apartments | Two Bedroom One Bath | 2BR,1BA | $0.91 |
| Crestview Commons | B1 | 2BR,2BA | $0.71 |
| Red River Senior Village | 2 Beds, 2 baths | 2BR,2BA | $0.82 |
| Heritage Hollow | B1 | 2BR,1BA | $0.67 |
| Park Place Apartments | One Bedroom One Bath | 1BR,1BA | $0.86 |
| Briarwood Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $0.94 |
| Schneider House | 1BR/1.0BA | 1BR,1BA | $0.92 |
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Frequently Asked Questions about Memphis
What type of rentals are currently available in Memphis?
There are currently 41 Apartments for Rent in Memphis, TX with pricing that ranges from $400 to $2,995. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $450 to $3,000.
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 $450 to $3,000 with an average monthly rent of $1,232.
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 $750 to $2,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $599 to $2,295. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $857.
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.
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.
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.