
Cheap 3 Bedroom Apartments for Rent in Memphis, TN from $730 (191 Rentals)Page 2 of 4


1298 Wedgewood St

Cedar Mill Apartments & Townhouses

4856 Durbin Ave

1282 Vinton Ave

Tanglewood

3403 Brockcrest Cove

3116 Knightway Rd

4266 Fizer Ave

4762 Rolling Meadows Dr

Riverdale

3823 Kerwood Ave

3883 Winwood Dr

4084 Barr Ave

2593 Courtney Dr

2200 Point Church Ave

Ashland Lakes Apartment Homes

Southwind Lakes Apartments

1619 Hopewell Rd

2937 Brandale St

The Stella Apartments

3714 Bedford Ln

3204 Clarendon Rd

3613 Given Ave

4940 Clearbrook Cove

Legacy on Lynnfield

4120 Southlawn Ave

3853 Camelia Cove

Ridgeway Commons Townhomes

4561 Country Brook Dr

4454 Boyce Rd

1742 N Parkway, Unit 1742

Hickory Grove

Pine River Village

4543 Harvest Hill Rd

4285 Willow Rd

1247 Ryanwood Ave

5722 Ballenmoor Dr

4130 Meadow Chase Cove

5016 Harrington Ave

4398 French Market Cir E

4561 Quince Rd

4537 Cedar Ridge Cove

Poplar Place Townhomes

965 Elizabeth Ln

1859 Downing St
Memphis, TN Local Guide

How much does it cost to rent an apartment in Memphis?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Memphis Studio Apartments | $1,201 | $560 | $8,000 |
Memphis 1 Bedroom Apartments | $1,329 | $200 | $7,493 |
Memphis 2 Bedroom Apartments | $1,510 | $499 | $7,800 |
Memphis 3 Bedroom Apartments | $1,934 | $730 | $8,879 |
Memphis 4 Bedroom Apartments | $2,118 | $599 | $7,320 |
Memphis 5 Bedroom Apartments | $3,970 | $1,760 | $9,050 |
Explore Memphis
Getting Around Memphis, TN
Walk Score®
50 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
50 / 100
Bikeable
Some bike infrastructure
Transit Score®
29 / 100
Some Transit
A few nearby public transportation options
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 a cheap apartment in Memphis?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Memphis is under $650.
What is the price of a cheap apartment in Memphis?
The cheapest apartment in Memphis is The Residences at Lakeview which is listed at $815, while the average apartment in Memphis costs $4,576.
What types of apartments are the cheapest in Memphis?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 5,291 regular apartments in Memphis that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Memphis?
Cheap apartments in Memphis have an average cost of $607 which is $3,969 cheaper than the average rent for all rentals in Memphis.
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.

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.

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.

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.