Memphis, TN — No-Deposit Hotels

In Memphis, most hotels land around $100–$130 a night — that’s the sweet spot for a comfy stay without the splurge. Step down a notch into the Value tier and you’ll often see rates near $80–$100 — a nice trade-off if you’re watching costs. Truly budget stays pop up around $60–$80; the cheaper end can be limited on busy weekends, so midweek checks help. On the flip side, Upscale options start near $130+ — think newer builds, prime locations, or extra amenities. Tip: prices move with demand — checking a couple of dates, looking just outside core neighborhoods, or booking a bit early can unlock better deals.

Here you can find our deposit-free hotels in Memphis, organized by price tier.

Top-rated Budget Hotels
(approx. $60–$80)

Homestay Horn Lake Southaven

$71 per night


6.8
(604)
Homestay Horn Lake Southaven photo 1
Homestay Horn Lake Southaven photo 2
Homestay Horn Lake Southaven photo 3
  • Free parking
  • Pet friendly
  • Outdoor pool
  • Air conditioning
  • Private bathroom
  • Free Wifi
  • Breakfast included
  • No deposit

Classic Inn By OYO I- 240 Near Memphis Airport

$62 per night


5.1
(95)
Classic Inn By OYO I- 240 Near Memphis Airport photo 1
Classic Inn By OYO I- 240 Near Memphis Airport photo 2
Classic Inn By OYO I- 240 Near Memphis Airport photo 3
  • Free parking
  • Pet friendly
  • Air conditioning
  • Private bathroom
  • Free Wifi
  • Flat-screen TV
  • No deposit
  • No prepayment

American Way Inn & Suites

$69 per night


5.1
(67)
American Way Inn & Suites photo 1
American Way Inn & Suites photo 2
American Way Inn & Suites photo 3
  • Free parking
  • Air conditioning
  • Free Wifi
  • Bathtub
  • Flat-screen TV
  • Non-smoking rooms
  • No deposit
  • No prepayment

Top-rated Value Hotels
(approx. $80–$100)

Holiday Inn & Suites Memphis Southeast-Germantown by IHG

$125 per night


8.7
(775)
Holiday Inn & Suites Memphis Southeast-Germantown by IHG photo 1
Holiday Inn & Suites Memphis Southeast-Germantown by IHG photo 2
  • Free parking
  • Indoor pool
  • Restaurant
  • Air conditioning
  • Private bathroom
  • Free Wifi
  • No deposit
  • No prepayment

Magnolia Inn and Suites Olive Branch

$97 per night


7.5
(421)
Magnolia Inn and Suites Olive Branch photo 1
Magnolia Inn and Suites Olive Branch photo 2
Magnolia Inn and Suites Olive Branch photo 3
  • Free parking
  • Pet friendly
  • Air conditioning
  • Private bathroom
  • Free Wifi
  • Bathtub
  • No deposit
  • No prepayment

Extended Stay America Suites – Memphis – Germantown West

$82 per night


7.1
(410)
Extended Stay America Suites - Memphis - Germantown West photo 1
Extended Stay America Suites - Memphis - Germantown West photo 2
Extended Stay America Suites - Memphis - Germantown West photo 3
  • Free parking
  • Pet friendly
  • Air conditioning
  • Private bathroom
  • Kitchenette
  • Free Wifi
  • Breakfast included
  • No deposit

Top-rated Mid-range Hotels
(approx. $100–$130)

Home Inn and Suites Olive Branch

$84 per night


8.5
(679)
Home Inn and Suites Olive Branch photo 1
Home Inn and Suites Olive Branch photo 2
Home Inn and Suites Olive Branch photo 3
  • Free parking
  • Pet friendly
  • Air conditioning
  • Private bathroom
  • Free Wifi
  • Bathtub
  • No deposit
  • No prepayment

Your Place Inn

$110 per night


8.7
(108)
Your Place Inn photo 1
Your Place Inn photo 2
Your Place Inn photo 3
  • Free parking
  • Air conditioning
  • Private bathroom
  • Free Wifi
  • Bathtub
  • Cable channels
  • No deposit
  • No prepayment

Days Inn & Suites by Wyndham Horn Lake – Memphis Graceland



8.2
(369)

  • Free parking
  • Outdoor pool
  • Air conditioning
  • Private bathroom
  • Free Wifi
  • Bathtub or shower

Top-rated Upscale Hotels
(approx. $130+)

Peabody Memphis

$330 per night


8.9
(2.5k)
Peabody Memphis photo 1
Peabody Memphis photo 2
Peabody Memphis photo 3
  • Parking
  • Pet friendly
  • Indoor pool
  • Restaurant
  • Spa
  • Air conditioning
  • No deposit
  • No prepayment

La Quinta by Wyndham Memphis Downtown

$142 per night


8.6
(3.4k)
La Quinta by Wyndham Memphis Downtown photo 1
La Quinta by Wyndham Memphis Downtown photo 2
La Quinta by Wyndham Memphis Downtown photo 3
  • Free parking
  • Pet friendly
  • Indoor pool
  • Private bathroom
  • Free Wifi
  • Fitness center
  • Breakfast included
  • No deposit

Holiday Inn Southaven Central – Memphis by IHG

$147 per night


9.1
(445)
Holiday Inn Southaven Central - Memphis by IHG photo 1
  • Free parking
  • Indoor pool
  • Restaurant
  • Air conditioning
  • Bathtub or shower
  • BBQ facilities
  • No deposit
  • No prepayment