Cheap Apartments for Rent in Memphis, TN
2,790 rentals
Use arrow keys to navigateSENIOR HOUSINGPET FRIENDLYINCOME RESTRICTED$100/mo
Studio-1 Bed
1 BathCity View Towers - 62 & Older | 256 S Camilla St #ff39324fc,
Memphis, TN 38104
Use arrow keys to navigateROOM FOR RENT- Use arrow keys to navigateROOM FOR RENT
- Use arrow keys to navigateROOM FOR RENT
Use arrow keys to navigateFURNISHEDROOM FOR RENT- Use arrow keys to navigateROOM FOR RENT
- Use arrow keys to navigate
- FURNISHEDROOM FOR RENT
- ROOM FOR RENT
PET FRIENDLY
APPLY INSTANTLYFURNISHEDROOM FOR RENT
PET FRIENDLY
APPLY INSTANTLY
APPLY INSTANTLY
APPLY INSTANTLYFURNISHEDROOM FOR RENT
SPECIAL OFFERPET FRIENDLY$547 - $1,178/moStudio-4 Beds1-2 BathsEmberly Apartments | 3619 Kingsgate Dr #3613-8,
Memphis, TN 38116
PET FRIENDLY
PET FRIENDLY
SPECIAL OFFERPET FRIENDLY
PET FRIENDLY
SPECIAL OFFERPET FRIENDLY$581 - $1,440/moStudio-4 Beds1-3 BathsThe Residences at Lakeview | 2774 S Mendenhall Rd #2755-1A,
Memphis, TN 38115
APPLY INSTANTLYFURNISHEDROOM FOR RENT
PET FRIENDLY
APPLY INSTANTLYPET FRIENDLY
Save Search in Memphis, TN
MemphisGet emails when new homes match this search
Average Rent Trends in Memphis, TN
Rent in Memphis, TN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Apr 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,325 |
| Jul 2025 | $1,350 |
| Aug 2025 | $1,345 |
| Sep 2025 | $1,300 |
| Oct 2025 | $1,295 |
| Nov 2025 | $1,250 |
| Dec 2025 | $1,250 |
| Jan 2026 | $1,235 |
| Feb 2026 | $1,225 |
| Mar 2026 | $1,235 |
| Apr 2026 | $1,250 |
| May 2026 | $1,250 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $875 | $990 | $1,350 | $1,550 | $1,250 |
| Townhomes | $650 | $1,050 | $1,350 | $1,400 | $1,150 |
| Apartments and Condos | $850 | $950 | $1,395 | $892 | $945 |
| Houses | $765 | $995 | $1,350 | $1,570 | $1,375 |
Frequently Asked Questions about Rentals in Memphis, TN
- What is the average rent of an apartment in Memphis, TN?The average rent of an apartment in Memphis, TN is $943 per month. This is about 51% lower than the national average.
- What is the average rent of a house in Memphis, TN?The average rent of a house in Memphis, TN is $1,390 per month. This is about 28% lower than the national average.
- What is the average rent of a townhome in Memphis, TN?The average rent of a townhome in Memphis, TN is $1,100 per month. This is about 43% lower than the national average.
- When is the average rent cheapest in Memphis, TN?In the last year, the average rent in Memphis, TN was lowest in Nov 2025 when it was $1,250 per month.
- When is the average rent most expensive in Memphis, TN?In the last year, the average rent in Memphis, TN was highest in Apr 2025 when it was $1,350 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Memphis, TN?The average rent of a 1 bedroom apartment in Memphis, TN is $875 per month. That is about $200 less than the cost of a studio apartment.
- How many available rental listings are in Memphis, TN?There are 3,064 available rental listings in Memphis, TN.
- What colleges and universities are in Memphis, TN?Colleges and universities in Memphis, TN include: University of Memphis.
- What are some neighborhoods in Memphis, TN?Some neighborhoods in Memphis, TN include: East Memphis-Colonial-Yorkshire, White Haven-Coro Lake, Hickory Ridge-South Riverdale, Midtown, Raleigh.
- What are some zip codes in Memphis, TN?
- What are some cities near Memphis, TN?Some nearby cities include: Southaven, West Memphis, Horn Lake, Germantown, Bartlett. These cities may have more rental options to explore.