Memphis

Renting in Memphis: What's the cheapest apartment available right now?

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Published on July 24, 2019
Renting in Memphis: What's the cheapest apartment available right now?2743 Ketchum Road. | Photo: Apartment Guide

Housing costs got you down? Though apartment hunting can be frustrating, there are deals to be had. So what does the low-end rent on a rental in Memphis look like these days — and what might you get for your money?

We took a look at local listings for studios and one-bedroom apartments in Memphis via rental sites Zumper and Apartment Guide to find out what budget-minded apartment seekers can expect to find.

Take a look at the cheapest listings available right now, below. (Note: Prices and availability are subject to change.)

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3645 MacOn Road

Photo: Zumper
Photo: Zumper

Listed at $415/month, this 700-square-foot one-bedroom, one-bathroom apartment, located at 3645 Macon Road in Berclair-Highland Heights, is 38.5% less than the median rent for a one bedroom in Memphis, which is currently estimated at around $675/month.

The building has on-site laundry, and you can expect hardwood flooring and central air conditioning and heating in the apartment. If you've got a pet, you'll be happy to learn that cats and dogs are permitted. The listing specifies a broker's fee equal to one month's rent.

According to Walk Score's assessment, the area around this address isn't very walkable and is relatively bikeable.

(See the complete listing here.)

3551 Dalebranch Drive

Photo: Zumper

Next up is this 606-square-foot one-bedroom, one-and-a-half-bathroom dwelling, located at 3551 Dalebranch Drive in White Haven-Coro Lake and listed for $495/month.

The unit comes with a walk-in closet and hardwood flooring. Feline and canine companions are allowed. There's no leasing fee required for this rental.

Per Walk Score ratings, the surrounding area is somewhat walkable and is bikeable.

(Here's the listing.)

2743 Ketchum Road

Photo: Apartment Guide
Photo: Apartment Guide

This one-bedroom, one-bathroom apartment, situated at 2743 Ketchum Road in East Memphis-Colonial-Yorkshire, is listed for $500/month for its 573 square feet.

The apartment has a mix of hardwood floors and carpeting and a walk-in closet in the unit, and the building offers on-site laundry. Cats and dogs are permitted, but there are extra fees.

Walk Score indicates that this location requires a car for most errands and has minimal bike infrastructure.

(See the listing here.)

2044 Southern Ave.

Photo: Zumper
Photo: Zumper

Over at 2044 Southern Ave. in Midtown, there's this 1-square-foot one-bedroom, one-bathroom living space, going for $515/month.

You can expect to find both air conditioning and central heating in the residence. Neither cats nor dogs are allowed.

According to Walk Score's assessment, this location is somewhat walkable and is very bikeable.

(View the listing here.)


This story was created automatically using local real estate data from Zumper and Apartment Guide, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.

Memphis-Real Estate & Development