How much is the average rent in Memphis, TN for 1-bedroom and 2-bedroom apartments?

Memphis, Tennessee's 2025 rental market shows one-bedroom apartments averaging around $1,000 per month, while two-bedroom units also average around $1,000 per month. Both bedroom types experienced modest year-over-year changes, with one-bedrooms up 2.5% and two-bedrooms down 2.1% from 2024.

Are rents going up or down in Memphis, TN?

Overall, rent prices in Memphis have decreased by about 2%. Specifically, the cost for 1-bedroom apartments decreased slightly by less than 1%, and 2-bedroom apartments saw a decrease of about 2%.

When is the best time to look for an apartment in Memphis, TN?

December stands out as the optimal month for apartment hunting in Memphis, offering the lowest rents of the year and the least competition from other renters. July sees the highest rent while December provides approximately 5% savings compared to peak months, making winter searches particularly advantageous for budget-conscious renters.

What are the best neighborhoods to rent an apartment in Memphis, TN?

Memphis offers distinct neighborhood experiences depending on your lifestyle preferences. Victorian Village, South Main Historic District, Uptown Memphis, and New Pathways provide the best social scenes with high walk scores and abundant dining options. Pet owners should consider White Station-Yates, Cordova, Fenwick Road, and Walnut Creek for their pet-friendly amenities and nearby dog parks.

What areas of Memphis, TN are best for budget-conscious renters?

Memphis provides several affordable neighborhood options with rents well below the city median. Destiny Unlimited and Hollywood Hyde Park Springdale both offer one-bedroom apartments around $600 per month, running 37% below the city median. Magnolia Barksdale Civic Club, Alcy-Ball, and South Memphis Citizens United for Action also provide budget-friendly alternatives with median rents ranging from around $840 to $870.

Are there pet-friendly apartments in Memphis, TN?

Memphis welcomes pet owners with 52% of rental listings offering pet-friendly policies, reflecting the city's accommodating attitude toward four-legged residents. White Station-Yates, Cordova, Fenwick Road, and Walnut Creek neighborhoods specifically cater to pet owners with features like pet flooring, dedicated pet spaces, and nearby dog parks with waste stations.

Are utilities usually included in rent in Memphis, TN?

Utilities are rarely included in Memphis rental properties, appearing in less than 1% of total listings across all bedroom types. One-bedroom apartments have the highest rate of utility inclusion at 0.03% of listings, while studios, two-bedrooms, and three-bedrooms each include utilities in less than 0.02% of available rentals.

Cheap Apartments for Rent in Memphis, TN

2,014 rentals

5d+ ago

Cheap Sixty Point One Ward Civic Club house for rent in Memphis

1840 Marjorie St, Memphis, TN 38106

Affordable | Package service

1 bed

1 bath

$450

House for rent

Available Mar 30

3h ago

Cheap South Memphis Citizens United for Action apartment for rent in Memphis

Affordable | Package service

2 beds

1 bath

$525

Apartment for rent

Available May 29

5d+ ago

Excellent

Online APNM Application

1875 Keltner Cir, Memphis, TN 38114

Affordable

1–4 beds

1–2 baths

$575–$1,150

Apartment for rent

5d+ ago

Cheap house for rent in Memphis

SINGLE_FAMILY - Memphis, TN

1677 Echles St, Memphis, TN 38111

Affordable

2 beds

2 baths

$575

House for rent

The Residences at Lakeview - Photo 1 of 1

Rent special

5d+ ago

8.8

Very good

The Residences at Lakeview

2774 S Mendenhall Rd, Memphis, TN 38115

Affordable | Swimming pool | Fitness center

Studio–4 beds

1–3 baths

$581–$1,440

Apartment for rent

5d+ ago

8.3

Very good

Emerald Ridge

4280 Mount Hood St, Memphis, TN 38118

Affordable

1–3 beds

1–2 baths

$599–$899

Apartment for rent

Nearby rental good for eco-living

Nearby rental good for pet owners

$581–$1,440

2774 S Mendenhall Rd

3D tour

5d+ ago

Cheap apartment for rent in Memphis

$1,200 Off Your Lease – Just $599/Month!

1761 E Raines Rd #8, Memphis, TN 38116

Affordable | On-site laundry

2 beds

1 bath

$599

Apartment for rent

Available May 1

Top amenities

On-Site Laundry

5d+ ago

Cheap apartment for rent in Memphis

Charming 2 Bed, 1 Bath Unit in Memphis - $600/mo - Available 4/14 - 500 Simpson Apt# 6

500 Simpson Ave #6, Memphis, TN 38106

Affordable | In-unit laundry | Assigned parking

2 beds

1 bath

$600

Apartment for rent

Available Apr 14

Top amenities

In-Unit Laundry

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5d+ ago

Cheap apartment for rent in Memphis

Affordable

2 beds

1 bath

$625

Apartment for rent

5d+ ago

Cheap Destiny Unlimited apartment for rent in Memphis

Affordable

2 beds

1 bath

$629

Apartment for rent

Available Apr 9

Find sweet deals in Memphis

These rentals are 10%-30% cheaper than the local average price for similar rentals.

$575–$900

1875 Keltner Cir

$635–$1,119

2774 S Mendenhall Rd

$650

267 Greenlaw Ave

$650

1437 Springdale St

5d+ ago

Cheap Destiny Unlimited apartment for rent in Memphis

Affordable

2 beds

1 bath

$629

Apartment for rent

Available Sep 19

3h ago

8.4

Very good

267 Greenlaw Avenue

267 Greenlaw Ave, Memphis, TN 38105

Affordable | Air conditioning

2 beds

1 bath

$650

Apartment for rent

13h ago

Very good

Emerald Ridge Apartments

4280 Mount Hood St, Memphis, TN 38118

Affordable | Air conditioning

1–3 beds

1–2 baths

$650–$999

Apartment for rent

5d+ ago

Cheap Hollywood-Hyde Park-Springdale condo for rent in Memphis

1437 Springdale St, Memphis, TN 38108

Affordable | Outdoor space

2 beds

1 bath

$650

Condo for rent

Available Apr 17

5d+ ago

Cheap apartment for rent in Memphis

MULTI_FAMILY - Memphis, TN

643 Mcwhirter Ave, Memphis, TN 38127

Affordable | Hardwood floor

2 beds

1 bath

$650

Apartment for rent

5d+ ago

Cheap Magnolia Barksdale Civic Club townhouse for rent in Memphis

1277 Airways Boulevard - 7

1277 Airways Blvd #7, Memphis, TN 38114

Affordable

2 beds

1 bath

$650

House for rent

Available Jan 19

5d+ ago

Cheap 48th Ward Civic Club apartment for rent in Memphis

1907 South Parkway East - 2

1907 S Parkway E #2, Memphis, TN 38114

Affordable | Central heat | Air conditioning

2 beds

1 bath

$650

Apartment for rent

Available Apr 14

5d+ ago

Cheap 48th Ward Civic Club apartment for rent in Memphis

1911 S Parkway E #5, Memphis, TN 38114

Affordable | Central heat | Air conditioning

2 beds

1 bath

$650

Apartment for rent

Available Feb 17

5d+ ago

Cheap 48th Ward Civic Club apartment for rent in Memphis

1927 S Parkway E #6, Memphis, TN 38114

Affordable | Storage | Central heat

2 beds

1 bath

$650

Apartment for rent

Available May 19

5d+ ago

Cheap Magnolia Barksdale Civic Club townhouse for rent in Memphis

1277 Airways Boulevard - 2

1277 Airways Blvd #2, Memphis, TN 38114

Affordable | Central heat

2 beds

1 bath

$650

House for rent

Available Jan 19

5d+ ago

Cheap Rhodes Hollywood Springdale Partnership apartment for rent in Memphis

APARTMENT - Memphis, TN

2116 Howell Ave, Memphis, TN 38108

Affordable | Business center

2 beds

1 bath

$650

Apartment for rent

10h ago

8.3

Very good

877 North Bingham Street

877 North Bingham Street, Memphis, TN 38108

Affordable

2 beds

1 bath

$675

Apartment for rent

5d+ ago

Cheap Rhodes Hollywood Springdale Partnership apartment for rent in Memphis

Affordable | Assigned parking | Furnished

2 beds

1 bath

$675

Apartment for rent

Available Oct 22

6h ago

8.6

Very good

2412 Charjean

2412 Charjean Cv, Memphis, TN 38114

Affordable | In-unit laundry | Central heat

2 beds

1 bath

$695

Apartment for rent

Top amenities

In-Unit Laundry

11h ago

8.3

Very good

888 Kerr Ave

888 Kerr Ave, Memphis, TN 38106

Affordable

2 beds

1 bath

$695

Apartment for rent

5d+ ago

Cheap Concerned Citizens of West Junction house for rent in Memphis

Suburban Land Co

3253 Ford Rd, Memphis, TN 38109

Affordable | In-unit laundry | Hardwood floor

2 beds

1 bath

$695

House for rent

Available May 7

Top amenities

In-Unit Laundry

5d+ ago

Cheap Frayser condo for rent in Memphis

Affordable | On-site management | Concierge service

2 beds

1 bath

$695

Condo for rent

Available Mar 18

Top amenities

On-Site Management

5d+ ago

Cheap Hollywood-Hyde Park-Springdale house for rent in Memphis

1463 Boxwood St, Memphis, TN 38108

Affordable

2 beds

1 bath

$695

House for rent

5d+ ago

Cheap 40th Ward Civic Club house for rent in Memphis

1133 Gerard St, Memphis, TN 38107

Affordable

2 beds

1 bath

$695

House for rent

5d+ ago

Cheap Binghampton-Lester townhouse for rent in Memphis

Kirby-Wills Waynoka Gardens

3089 Waynoka Ave, Memphis, TN 38111

Affordable | Central heat | Concierge service

2 beds

1 bath

$695

House for rent

Available Feb 10

5d+ ago

Cheap Riverview house for rent in Memphis

1919 Farrington St, Memphis, TN 38109

Affordable

2 beds

1 bath

$695

House for rent

5d+ ago

Cheap Riverview house for rent in Memphis

1917 Farrington St, Memphis, TN 38109

Affordable

2 beds

1 bath

$695

House for rent

1165 1165 Krayer Street4 #4 - Photo 1 of 1

5d+ ago

Cheap Victor-Kerr apartment for rent in Memphis

1165 Krayer Street - 4

1165 1165 Krayer Street4 #4, Memphis, TN 38106

Affordable | Central heat

2 beds

1 bath

$695

Apartment for rent

Available Sep 5

5d+ ago

Cheap Imogene Heights apartment for rent in Memphis

2312 Dwight Road, Memphis, TN 38114

Affordable | On-site laundry

2 beds

1 bath

$695

Apartment for rent

Available Apr 16

Top amenities

On-Site Laundry

5d+ ago

Cheap condo for rent in Memphis

832 Whitford Pl, Memphis, TN 38106

Affordable | In-unit laundry | Air conditioning

2 beds

1 bath

$695

Condo for rent

Available Oct 1

Top amenities

In-Unit Laundry

5d+ ago

Cheap Binghampton-Lester apartment for rent in Memphis

2BR/1.0BA

2922 Hale Ave, Memphis, TN 38112

Affordable | Hardwood floor | Air conditioning

2 beds

1 bath

$695

Apartment for rent

5d+ ago

Cheap apartment for rent in Memphis

Affordable

2 beds

1 bath

$695

Apartment for rent

13h ago

8.3

Very good

607 McLemore Ave

607 E Mclemore Ave, Memphis, TN 38106

Affordable

2 beds

1 bath

$699

Apartment for rent

13h ago

8.3

Very good

Grahamwood Place

4045 Summer Ave, Memphis, TN 38122

Affordable

1–3 beds

1–2 baths

$699–$1,049

Apartment for rent

1d ago

Cheap Riverview condo for rent in Memphis

217 Ingle Ave #B, Memphis, TN 38109

Affordable

2 beds

1 bath

$699

Condo for rent

Available Oct 18

1d ago

Cheap Riverview condo for rent in Memphis

217 Ingle Ave #A, Memphis, TN 38109

Affordable

2 beds

1 bath

$699

Condo for rent

Available Oct 28

Highly rated

1d ago

8.6

Very good

Coronado Manor

2429 Ketchum Rd, Memphis, TN 38114

Affordable

1–3 beds

1 bath

$699–$1,100

Apartment for rent

5d+ ago

8.3

Very good

Grahamwood Place Apartments

4045 Summer Ave, Memphis, TN 38122

Affordable

1–3 beds

1–2 baths

$699–$949

Apartment for rent

5d+ ago

Cheap Binghampton-Lester apartment for rent in Memphis

Timber Pines - 1751-101

Timber Ln, Memphis, TN 38112

Affordable

2 beds

1 bath

$699

Apartment for rent

Available Jan 1

3d ago

Cheap Douglas-Bungalow-Crump house for rent in Memphis

Charming Home For Rent

1710 Orr St #NA, Memphis, TN 38108

Affordable | Assigned parking | Outdoor space

2 beds

1 bath

$700

House for rent

Available Apr 20

5d+ ago

8.5

Very good

X - Stonegate Apartments

4500 Stone Gate Dr, Memphis, TN 38128

Affordable | Air conditioning

1–3 beds

1–2 baths

$700–$900

Apartment for rent

5d+ ago

8.1

Very good

Crane Manor LLC

2295 Candlewyck Cir, Memphis, TN 38114

Affordable | On-site management

1–2 beds

1–2 baths

$700–$875

Apartment for rent

Top amenities

On-Site Management

5d+ ago

Cheap Walker house for rent in Memphis

457 King Avenue

457 King Ave, Memphis, TN 38109

Affordable | Carpet

2 beds

1 bath

$700

House for rent

Available May 1

5d+ ago

Cheap Hollywood-Hyde Park-Springdale condo for rent in Memphis

2/1

1512 N Merton St, Memphis, TN 38108

Affordable

2 beds

1 bath

$700

Condo for rent

5d+ ago

Cheap East Dison Street Block Club condo for rent in Memphis

502 E Dison Ave, Memphis, TN 38106

Affordable | Carpet | Package service

2 beds

1 bath

$700

Condo for rent

Available Dec 1

Showing 1 - 50 of 1,045 results

Home > Apartments in Memphis > Memphis Cheap Apartments For Rent

Updated: May 29, 2026

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