Cheap and Affordable Apartments for Rent in Memphis, TN

4,438 rentals available

Updated

Memphis Snapshot

Frequently asked questions

How many cheaper, more affordable apartments are available in Memphis, TN?

There are 4,438 cheaper apartment units available for rent.

What does "Cheap" mean for Apartment rentals in Memphis, TN?

Cheap is a relative term to communicate more "affordable" rental and living expenses. Although a property might be found within the "Cheap and Affordable Apartments" search, does not mean it is a low-quality rental. These more affordable apartments are also relative to the other apartment inventory within Memphis. Some areas will be cheaper than others and based on demand, rent will fluctuate.

How to search for Cheap and Affordable Apartments in Memphis, TN?

When searching on HotPads for more affordable apartments, use the "Sort:" feature to sort apartments by Lowest Price for Memphis. Additionally, set a max price for your search and select "Save search" to be notified in real-time when "cheaper" apartments come on the market.

What are some additional tips for securing a "cheaper" apartment?

Although a larger multi-tenant building is less likely to negotiate rental terms there are a few things that don't hurt to try, including:

  • Offer to sign a longer lease for lowered monthly rent
  • Negotiate landscaping or property maintenance for lowered monthly rent
  • Ask about becoming an onsite property manager
  • Educate yourself regarding the apartment rental market and market rates in Memphis. Knowing this will help you accurately negotiate fair rent.

About Memphis

Memphis is the 17th most-populated city in the United States and the largest city in Tennessee. The city has a total square mileage of 313.8, 302.3 square miles of which is land. The Memphis metropolitan area boasts a population of over 1.2 million, ranking in as the 42nd largest metropolitan area in the country.

Living in Memphis, TN

Located in the Southwestern portion of Tennessee, Memphis has a subtropical climate that is affected by its proximity to the Gulf of Mexico. Running along Memphis is the Mississippi River, providing a scenic view of the great river. In addition, there are 187 parks and playgrounds in Memphis, totally 5,387 acres!

Memphis is known for its barbecue and music and a general richness in culture. Therefore, renting an apartment or rental house in Memphis grants you access to various great festivals and carnivals in Memphis like the Beale Street Music Festival, the World Championship Barbecue Cooking Contest, and Carnival Memphis.

Traveling within Memphis is aided by the Memphis Area Transit Authority which runs public buses and a trolley system. Furthermore, traveling to Memphis and from Memphis is facilitated by the Memphis International Airport.

Interesting Fact about Memphis, TN

Many famous people hailed from Memphis, TN including: Aretha Franklin, Morgan Freeman, Rosalind Cash, Penny Hardaway, and (of course) ELVIS!