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A broke student’s guide to enjoying Memphis

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Published: Oct 23. 2025

Moving to a different place, especially if you are a student, can be quite challenging. As being a student usually means lower incomes and possibilities. However, this doesn’t need to stop you from trying to live your best life. And Memphis is definitely a place that will give you that opportunity! Once you have moved to this amazing city with the help of reliable movers like Spyder Moving and Storage TN, take a look at a broke student’s guide to enjoying Memphis our dedicated professionals have made. Here you will find all the necessary information that will help you enjoy your student days to the max!

What is so special about Memphis?

If there’s one thing we know to be true, it’s that everyone knows how to party down in Memphis. From the bright lights to the music, food, and culture, this city is one of the shining examples of why Tennessee is considered to be such a fascinating state. Memphis is the second largest city in Tennessee, with about 670,000 residents. If you want to live in a city where every day is a holiday and there is always something to do, you have come to the right place. The city offers great outdoor activities supported by nice weather and shorter commute times. Above all, it is one of the best places in Tennessee. After you move with the help of the most reliable local movers Memphis TN offers, you can easily start implementing our tips right away without having to stress about the move itself.

A beautiful sight of water that is one of the must-see spots in a broke students guide to enjoying Memphis
In Memphis, you will enjoy the amazing nature and sunsets above the Mississippi River.

Costs of living in Memphis

One of the best things about moving to Memphis is that its real estate market has some of the most affordable homes in the whole country. More than half of the people who live in Memphis own their own homes. Memphis has lower housing costs than the rest of the country by 34%. However, if you are still not in a position to buy a home due to student debt, it is good to know rent prices are affordable. The median rent price is $965, which is lower than the national average of $1,163, as per niche.com. Once you find the right place for you, you can work with a team from one of the top moving companies in Memphis TN to move into an affordable place easily.

How to enjoy food on the budget

It is great news that food costs are about 26 percent below the national average. Naturally, you will save the most money by making your own meals. The food in Memphis isn’t too expensive, and many restaurants offer large portions and menus that aren’t too expensive for students. Southern food, like barbecue and soul food, is done really well in Memphis restaurants. When money is tight, their efficiency helps you save money. After you move with the help of the best moving labor in Memphis, you must try Gus’s World Famous Fried Chicken. Your taste buds will be flooded with flavor. On a hot summer day, there is nothing better than Gus’s and a cold beer. Also, Payne’s Bar-B-Que on Lamar Avenue deserves your attention. Payne’s isn’t fancy, but they know how to make good barbecue.

two people caring a pumpkin, peeling potatoes, and having fun
Preparing your own food will help you to stay on the budget.

Where to party as a broke student

Definitely amazing Beale Street. This street has been there since the beginning of blues music. This street is made of cobblestones and is in the middle of downtown Memphis. It was built in 1841. It has three blocks of restaurants, nightclubs, live music, museums, and street performers who can really rock it, and you don’t have to pay anything to get in. But please note that Beale Street now has a $10 cover charge that goes into effect every night at 10 p.m. Even though this is a bit of a bummer, you can get on the street for free before 10 p.m. If you leave before this time, you will save money but still get a lot of great experience.

Beale Street
Beale Street is one of the best places to party as a broke student.

Save on transportation

The cost of getting around Memphis is a little less than the national average. The Memphis Area Transit Authority bus and trolley system has a base fare of $1 for people of all ages. The regular fare for the day is $2, but seniors and people with disabilities can get a discount. You can also use bike share to get around Memphis. Residents can find different kinds of bikes in different parts of the city. People can rent something at one place and return it to another. Residents can join a plan or pay for a single ride. For $15 a month, one plan lets you take as many one-hour rides as you want. This is a great way to save some money while staying in shape.

Enjoy everything Mississippi River has to offer

Mud Island River Park is a great place to go if you want to learn about history and culture, as well as enjoy great music and food. On the free Mud Island Riverwalk, you can see a model of the Lower Mississippi River that is to scale. You can also see the river in real size just by walking around the park’s grounds. The park itself has 18 galleries and exhibits that show the history of the Mississippi River over the past 10,000 years. For $10, you can see all of these exhibits, take a tour of the park with a guide, and ride the monorail back and forth. But if you decide moving from Memphis to Nashville is a better choice for you, make sure you visit this place before you leave.

Budget living tips for students in Memphis

Living in Memphis on a student budget is possible with a little planning. Areas like Midtown, Binghampton, and the University District offer affordable housing close to campuses, local cafes, and grocery stores. Sharing an apartment or renting a room in a student house can cut costs even further. Some complexes around the University of Memphis offer lower rates specifically for students. Getting around doesn’t have to be expensive either. The Memphis Area Transit Authority (MATA) runs bus routes across the city with discounted student passes. Many students also use bikes or scooters for short trips. When public transport isn’t an option, try ride-share apps like Lyft Line or UberX Share to split fares with others heading in the same direction.

Budget-friendly ways to spend your free time after moving

Memphis has plenty of ways to have fun without overspending. Many local attractions offer student discounts, including the Memphis Brooks Museum of Art and the National Civil Rights Museum. Cafés around Cooper-Young often host student nights with discounted drinks or small bites, while music venues like Lafayette’s Music Room sometimes lower ticket prices for students. Even just a stroll down Beale Street can turn into a fun, low-cost night out with live tunes coming from nearly every corner. There are also many free or cheap activities around the city. Open-mic nights, outdoor movie screenings, and community festivals happen almost every week. Shelby Farms Park and Overton Park are perfect for picnics, bike rides, or studying outdoors. Memphis always has something to offer, even on a tight budget.

Finding good food and drink on a budget

Eating well in Memphis doesn’t have to cost much. Local favorites like Central BBQ and Payne’s Bar-B-Q serve generous plates at affordable prices. For quick bites, check out food trucks around the University District or at Court Square Food Truck Fridays. Café Eclectic and Otherlands Coffee Bar are popular among students for their budget-friendly meals and cozy study spaces. Those who enjoy unwinding after class can take advantage of happy hour specials across Midtown and Downtown. Places like Loflin Yard and Local on Main often have discounted drinks and appetizers in the early evening. Many cafés also offer free WiFi, so students can sip coffee, study, and relax without spending too much.

Friends at a cafe discussing a broke student's guide to enjoying Memphis
If you need a broke student’s guide to enjoying Memphis, you can’t overlook dining and drinking recommendations.

Student’s guide to the social and cultural life in Memphis

Memphis has a music culture that’s hard to match. Students can enjoy live blues and soul shows without spending much at venues like Rum Boogie Café or B.B. King’s Blues Club, which often offer discounted or no-cover nights. The Levitt Shell hosts free outdoor concerts through the summer, bringing local and national artists to the stage. Beyond music, the city’s creative side shows through its murals and public art projects. A walk through South Main or Broad Avenue reveals colorful street art perfect for photos and inspiration. Students can also join community events like the Cooper-Young Festival or volunteer with local organizations connected to the University of Memphis. These experiences help newcomers feel part of the city’s culture without straining their budget.

This is a broke student’s guide to enjoying Memphis you can trust

Memphis is truly an amazing city for all ages. From the sounds in the air to the taste of your barbecue, Memphis is full of things that will make you feel alive. But it’s also a place that will make you feel things because of its rich history and diverse culture. Memphis offers a lot, and it can fulfill your every need. With a broke student’s guide to enjoying Memphis, we are sure you will enjoy it to the max!