
Apartments for Rent in Memphis, IN Under $1,500 (59 Rentals)


Arbour Place Apartments

Adelyn on Grant Line

The Warren Apartments

The Slate

The Laurel

Flats on 10th

The Bend

Armstrong Farm

Heritage Square
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

The Flats of River Ridge

Plum Ridge Apartments

Lakeside Gardens

Parkside Trace Apartments

Carrington Place Apartments

Nicholas Landing

Greenbrier Apartments

Renaissance Park Apartments

TJM - The Jeff On 10th

The Monroe
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Holmans Crossing Apartments

Stonebridge Apartments

Charlestown Flats

Lakeview Apartments

Meadows at Green Tree

Ashby Apartments

Colonial Village Apartments

Clarksville Lofts

Courtyard Apartments

Foxtail Pointe
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Yellowwood Terrace Affordable Senior Housing

3007 Douglas Blvd

548 Alden Rd

1813 E Elm St

2003 E 8th St

1004 Korb Ave

1833 Scott Rd

1803 E Market St

4231 Mel Smith Rd

2617 Slevin St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

417 E 18th St

715 N 33rd St

Stonecrest Apartments

118 Fairview Ave

2110 E Market St

5209 Lighthouse Cove

614 N 20th St

3833 Horne Ave

2509 St Xavier St

1202 E Walford Dr
Louisville's Best Affordable Neighborhoods
Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer
Memphis, IN Local Guide

How much does it cost to rent an apartment in Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Memphis Studio Apartments | $1,157 | $1,026 | $1,266 |
| Memphis 1 Bedroom Apartments | $1,164 | $200 | $1,600 |
| Memphis 2 Bedroom Apartments | $1,285 | $489 | $2,230 |
| Memphis 3 Bedroom Apartments | $1,626 | $560 | $1,955 |
Browse Top Apartments in Memphis
See all Apartments in MemphisExplore Memphis
Memphis, IN Local Guide
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Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleThe Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Louisville, KY | Find Louisville Off-Campus Student Housing at ApartmentHomeLiving.com
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Memphis, IN Rentals by Map
See the most popular apartments and homes in Memphis, IN
Getting Around Memphis, IN
Walk Score®
10 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
24 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Memphis
What is the current price range for One Bedroom Memphis Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Memphis ranges from $200 to $1,600 with an average monthly rent of $1,164.
What does renting a Two Bedroom Apartment in Memphis cost?
The monthly rent prices of Two Bedroom Apartments currently available in Memphis range from $489 to $2,230. Today's average rental price for Two Bedrooms here is $1,285.
How expensive are Memphis Three Bedroom Apartments?
There are currently 20 Three Bedroom Apartments listings available in Memphis on ApartmentHomeLiving.com. The pricing ranges from $560 to $1,955 - averaging $1,626 for the location.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

The 10 Best Affordable Neighborhoods for Renting in Louisville, KY
Written by: Mike Heuer
Louisville, Kentucky, founded in 1778, has grown to be the largest city in Kentucky and is a terrific city situated right along the south bank of the Ohio River.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.