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



- 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



- Free parking
- Pet friendly
- Air conditioning
- Private bathroom
- Free Wifi
- Flat-screen TV
- No deposit
- No prepayment
American Way Inn & Suites
$69 per night



- 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


- Free parking
- Indoor pool
- Restaurant
- Air conditioning
- Private bathroom
- Free Wifi
- No deposit
- No prepayment
Magnolia Inn and Suites Olive Branch
$97 per night



- 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



- 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



- Free parking
- Pet friendly
- Air conditioning
- Private bathroom
- Free Wifi
- Bathtub
- No deposit
- No prepayment
Your Place Inn
$110 per night



- Free parking
- Air conditioning
- Private bathroom
- Free Wifi
- Bathtub
- Cable channels
- No deposit
- No prepayment
Days Inn & Suites by Wyndham Horn Lake – Memphis Graceland
- Free parking
- Outdoor pool
- Air conditioning
- Private bathroom
- Free Wifi
- Bathtub or shower
Top-rated Upscale Hotels
(approx. $130+)
Peabody Memphis
$330 per night



- Parking
- Pet friendly
- Indoor pool
- Restaurant
- Spa
- Air conditioning
- No deposit
- No prepayment
La Quinta by Wyndham Memphis Downtown
$142 per night



- 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

- Free parking
- Indoor pool
- Restaurant
- Air conditioning
- Bathtub or shower
- BBQ facilities
- No deposit
- No prepayment