
Cheap Short Term Lease Apartments for Rent in Memphis, TN from $300 (106 Rentals)
Rental terms in Memphis as short as a month! Perfect when you can't commit to a full year of renting.
Search the lowest-cost Apartments available for rent right now in Memphis.


The Residences at Lakeview

Longview Gardens

El Dorado

Longview Heights

Creekside Meadows

The PULSE Apartments-Utilities included

Mill Creek Apartments

Overton Place

Summer Trace Apartments

Indigo Riverview

The District Apartments

Highland Meadows Apartments

Uptown Square Apartments

Stone Ridge at Germantown Falls

The Park at New Castle

The Bowery

The Brooklyn

Cedar Run Apartments

Tanglewood

Crossings at Fox Meadows

The Nova Apartments

Conwood Flats

Fielder Square

The Chisca

Arbors of Century Center

Autumn Ridge Apartments

Addison Apartments III

Art Lofts @ Overton

South Junction Apartments

The Park at Paisley

189 Barksdale

Riverset Apartments

Legacy on Lynnfield

The Park at Forest Hill

Century

Timberline Flats

Lofts at Union Alley

Springs at Buckingham Farms

Madison Gardens Apartments

Fieldstone

Arbors Harbor Town

Museum Lofts

Crescent at Wolfchase Apartment Homes
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 | $1,188 | $560 | $8,000 |
Memphis 1 Bedroom Apartments | $1,325 | $200 | $7,018 |
Memphis 2 Bedroom Apartments | $1,499 | $450 | $7,925 |
Memphis 3 Bedroom Apartments | $1,993 | $730 | $8,358 |
Memphis 4 Bedroom Apartments | $2,003 | $599 | $7,230 |
Memphis 5 Bedroom Apartments | $5,455 | $2,495 | $9,910 |
Explore Memphis
Memphis, TN Local Guide
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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.
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 the Cheapest Studio apartment in Memphis?
Currently the most affordable Cheap Studio Apartment in Memphis is at New Horizon - Kingsgate listed at $577.
How much is rent for a Cheap One Bedroom Memphis Apartment?
The lowest price for a Cheap One Bedroom Memphis Apartment is $430 at Sonesta Simply Suites Memphis - Extended Stay.
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 $450 at Grainge Hill Apartments.
What is the most affordable Memphis Three Bedroom Apartment?
The best deal on a cheap Memphis Three Bedroom Apartment rental is at Valley Forge 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.

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.