Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Memphis area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

Apartments Under $700 in Memphis, TN

1 - 30 of 104 Results
19
$691
Foote Park At South City
521 Vance Park Place Memphis, TN
2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
8
$555 - 630
Village Green Apartments
2.6
3450 Fescue Lane Memphis, TN
1 - 2 BR | Available Now
Contact
Cat Friendly
Luxury
Air Conditioning
Covered Parking
Balcony/Deck/Patio
11
$685 - 765
Town House Apartment Homes
3.4
1437 Central Avenue Memphis, TN
Studio | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Luxury
Section 8
18
$659
University Gardens Manor
2059 N Cabana Cir Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Disability Access
37
$680 - 695
Summer Trace Apartments
3.2
6015 Summer Trace Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
1
$550
Ess Lamar Cove
1490 Lamar Cv Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
1
$600
1304 Court Ave
Memphis, TN
Studio | Jan. 17, 2025
Contact
Storage
Disability Access
1
$595 - 695
Shady Oaks Apartments
516-522 Sharon Dr Memphis, TN
1 - 2 BR | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
Storage
Disability Access
Dishwasher
1
$650
Come See This 1 Bedroom Single Family Home For Rent - Move In Ready S. Parkway Area
1672 Clancy St Memphis, TN
1 BR | Available Now
Contact
House
12
$595
3158 Hoskins Rd
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
6
$700
Beautiful 2 Bedroom, 1 Bathroom Duplex Home For Rent!
2862 Hale Ave Memphis, TN
1 BR | Ask for Availability
Contact
House
Air Conditioning
1
$550
165 N Merton
165 N Merton Ave Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Storage
Disability Access
1
$550
1160 SPRINGDALE
Memphis, TN
1 BR | Ask for Availability
Contact
1
$695
Cloverdale At Highland
3471 Douglass Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
10
$700
3109 Radford RD
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$650
1 Bed, 1 Bath With Washer And Dryer Near U Of M
3781 Kearney St Memphis, TN
1 BR | Available Now
Contact
House
1
$695
Vsa - Bldg 01
2024 Jefferson St Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
1
$600
1302 Court Ave
Memphis, TN
Studio | Jan. 17, 2025
Contact
Storage
Disability Access
1
$550
Summerwood Apartments
4015 Summer Ave Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Storage
Disability Access
1
$650
Very Cute Duplex In N. Memphis
847 Ayers St Memphis, TN
1 BR | Available Now
Contact
House
1
$600
Walker Apartments
3606 Walker Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$665
1415 Breedlove St
Memphis, TN
1 BR | Ask for Availability
Contact
Air Conditioning
New Chicago
2
$545
549 Wells Ave
Memphis, TN
2 BR | Ask for Availability
Contact
1
$695
605 E Mclemore Ave
Memphis, TN
2 BR | Available Now
Contact
0
$695
607 Mclemore Ave
Memphis, TN
2 BR | Available Now
Contact
1
$675
1253 Cannon St
Memphis, TN
Studio | Available Now
Contact
1
$625
Newly Renovated Home - 1/2 Off The 1st Month's Rent - Utilities Included In The Rent
3205 E Shirley Cir Unit 2 Memphis, TN
1 BR | Available Now
Contact
1
$700
2507 Staten
Memphis, TN
2 BR | Available Now
Contact
House
1
$550
1311 Wilson
Memphis, TN
1 BR | Available Now
Contact
House
3
$675
1256 Cannon St
Memphis, TN
Studio | Available Now
Contact
1 - 30 of 104 Results
  1. Home
  2. Memphis
  3. Apartments Under $700
Frequently Asked Questions

How many apartments under $700 are available in Memphis, TN on Rentable.co?

There are 104 apartments under $700 in Memphis currently available for rent on Rentable.co.

How many studio apartments under $700 are available in Memphis?

Rentable.co has 34 studio apartments under $700 available for rent in Memphis.

How many one-bedroom apartments under $700 are available in Memphis?

Rentable.co has 306 one-bedroom apartments under $700 available for rent in Memphis.

How many two-bedroom apartments under $700 are available in Memphis?

Rentable.co has 634 two-bedroom apartments under $700 available for rent in Memphis.

Can I afford a apartment under $700 in Memphis, TN?

To comfortably afford a apartment under $700 in Memphis based on average rent prices, a household would need an annual income of $25,000.

Which neighborhoods have the most apartments under $700 for rent in Memphis, TN?

  1. South Forum
  2. New Chicago

Apartments Under $700 in Memphis, TN: December Rental Information

Welcome to the December 2024 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 key findings and figures for the Memphis rental landscape.

Our experts analyze the inventory trends for apartments under $700 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Memphis and surrounding areas. This summary also provides insights into available features and amenities, as well as location options for apartments under $700 in Memphis.

Renters searching for affordable housing options in Memphis will find a variety of apartments to choose from, with monthly rents under $700. The city offers a range of one-bedroom, two-bedroom, and three-bedroom apartments in this price range.

When it comes to amenities, renters can expect to find options such as swimming pools, fitness centers, on-site laundry facilities, and pet-friendly policies in many of the apartments under $700.

As of the December 2024 report, availability is fair, with a number of apartments under $700 available for rent. However, it's always recommended to check the Rentable website frequently, as availability can change rapidly in this price range.

Whether you're a student, young professional, or family, Rentable has you covered with affordable options for apartments under $700 in Memphis.
0 12 25 37 50 <$600 $640 $720 $800 $880 $960 $1,040 $1,120 $1,200 $1,280 $1,360 $1,440 >$1,520
This month, the typical cost to rent a one-bedroom apartment in Memphis stands at $1,000, with the majority falling between $570 and $1,430. Out of the 2,598 one-bedroom apartments currently on the market in Memphis, 230 are priced below $700, accounting for 9% of the total available one-bedroom units in Memphis.

Available Apartments Under $700: Memphis vs. Surrounding Areas

Memphis, TN
106
In December 2024, there are a variety of affordable apartments available for rent in Memphis, TN and the surrounding cities. The chart above shows the number of apartments under $700 currently listed on Rentable's website in these areas. In Memphis proper, there are a total of 117 apartments available in this price range. The surrounding cities of West Memphis, Southaven, Olive Branch, Germantown, Lakeland, Millington, Munford, Arlington, Piperton, Bartlett, Collierville, Hernando, Marion, Robinsonville, Walls, Cordova, Horn Lake, Joiner, Turrell, and Nesbit also offer a range of options for renters looking for affordable housing. This chart can help prospective renters find the right apartment that meets their budget and needs in the Memphis, TN metro area.

Apartments Under $700 Now vs. Last Month: Memphis and Surrounding Areas

City Apartments Under $700 in December M/M % Change
Memphis, TN 106 +1.05%
West Memphis, AR 2 +1.32%
Southaven, MS 2 +1.0%
Robinsonville, MS 2 +1.0%
Horn Lake, MS 1 +1.0%
Millington, TN 1 +1.25%
Bartlett, TN 0 +1.0%

Looking for Apartments Under $700 in Memphis?

Available apartments under $700 1,043
Top amenities Air Conditioning, Balcony/Deck/Patio, Refrigerator, Range / Oven, Pet Friendly Community
Deals 2
Pet friendly 139
Utilities included 23
Furnished 40
1 Bedroom 94
2 Bedroom 90
3 Bedroom 20
Browse Memphis Apartments
Memphis Apartments by Neighborhood
Memphis Apartments by Bedrooms
Memphis Apartments by Affordability
Memphis Apartments with Amenities
Memphis Apartments by Type
Colleges Near Memphis
Memphis Apartments by Zip Code