
1 Bedroom Apartments for Rent in Memphis, TN Under $1,500 (440 Rentals)


South Junction Apartments

Azure Place Apartments

Fieldstone

Arbors of Century Center

Century Apartments

The Wyndham Apartments

Centennial Gardens

Landings At Winchester

Canterbury Woods Apartments
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

Gayoso House & Pembroke Square

Crescent at Wolfchase Apartment Homes

240 Flats

Indigo Riverview

The Trails at Mt. Moriah

Harbor Side at Conwood Flats Apartments

Greenbrook at Shelby Farms

Uptown Square Apartments

The Residences at Lakeview

Madison Midtown
Affordable Memphis: The Best Neighborhoods with Character and Lower Rents
Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.

The Melrose Midtown

The Bonsai at Central Gardens

Orleans Station

Iris Luxury Apartments

Bristol On Union Apartment Homes

Southern Grove

Conwood Flats Apartment Homes

The Oliver Luxury Apartments

The Landing Residences

Studio Rasa
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.

Greenline Apartments

The Villas at Germantown Apartments

The Citizen Apartments

The Tennessee Brewery Apartments

South Line at Central Station

Legacy on Lynnfield - NEWLY UPGRADED

The Courtyard at Ironworks

Edge at Lakeview

South Bluffs Apartments

Azur Tower
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.

The Roxbury

The Canopy 2200

Waterford Place Apartment Homes

City Place at Germantown Apartments

The Posts

Pinebrook Pointe

Fairfax Manor Townhomes

Downtown Memphis Flats

Grahamwood Place

MAA Southwind
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.
Memphis, TN Local Guide

How much does it cost to rent an apartment in Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Memphis Studio Apartments | $1,051 | $547 | $7,985 |
| Memphis 1 Bedroom Apartments | $1,156 | $525 | $2,866 |
| Memphis 2 Bedroom Apartments | $1,287 | $550 | $4,900 |
| Memphis 3 Bedroom Apartments | $1,718 | $715 | $7,177 |
| Memphis 4 Bedroom Apartments | $1,365 | $640 | $2,690 |
Explore Memphis

Memphis, TN Local Guide
- Memphis Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleCollege Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive
Where do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!
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 ArticleCash 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.
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, TN Rentals by Map
See the most popular apartments and homes in Memphis, TN
Frequently Asked Questions about 1 Bedroom Memphis Apartments
What is the Cheapest apartment in Memphis with 1 Bedroom?
Currently the most affordable 1 Bedroom in Memphis is at 165 N Merton listed at $550.
How much is the average rent for a 1 Bedroom Memphis Apartment?
The average rent for a 1 Bedroom Apartment in Memphis is $1,156.
What is the largest available 1 Bedroom Memphis Apartment for rent?
Today's apartment with the most square footage in Memphis is a 1,263 square feet unit starting from $2,739 at The Water Tower District at Schilling Farms.
What is the average size for Memphis 1 Bedroom Apartments for rent?
The average size for a 1 Bedroom rental in Memphis is currently 900 sq ft.
Expert Rental Resources
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.
Articles, How-To's, and Tips

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.