Find 266 three-bedroom apartments for rent in Memphis, TN. A three-bedroom apartment is a unit with three distinct bedrooms that share a common area and kitchen. Depending on the floor plan, each room may share or have its own bathroom. If roommates split the cost of a three-bedroom rental, it can be a very affordable option. Additionally, units with more bedrooms typically offer a larger living space, allowing renters to make room for shared furniture or host guests. Finding cost-effective living options in Memphis, TN is made easier with 266 apartments for rent under $1,300. These budget-friendly rental options offer a variety of floor plans and amenities while adhering to your financial preferences. Opting for an apartment under $1,300 in Memphis means enjoying a balanced lifestyle where price does not compromise the quality of living.