1 Bedroom Memphis Apartments for Rent Under $500

1 Bedroom Apartments for Rent in Memphis, TN Under $500 (15 Rentals)

$450

1 Bedroom, 1 Bath Home for Rent

Available Sep 18

Affordability

734 Lane Ave

MemphisTN38105

$495

1 Bedroom, 1 Bath Home for Rent

Available Now

Affordability

1210 N Evergreen St

MemphisTN38108

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1 Bedroom Apartments

321 Pauline St

321 Pauline StMemphis, TN 38104

Utilities Included

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1 Bedroom Apartments

Timber Pines Apartments

1764 Gowan DrMemphis, TN 38127

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1 Bedroom Apartments

Pleasant View Apartments

1505 Baggett DrMemphis, TN 38127

Utilities Included

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City

Moving to the Bluff City? Get the insider’s guide on Memphis life, from specific neighborhood personalities and current average rent, to the best barbecue and live music spots.

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1 Bedroom Apartments

Carriage House

1145 Frayser BlvdMemphis, TN 38127

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1 Bedroom Apartments

Breezy Point Apartments

2801 Raja RdMemphis, TN 38127

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1 Bedroom Apartments

Chicago Park Place Apartments

1415 Breedlove StMemphis, TN 38107

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1 Bedroom Apartments

Whitney Manor Apartments

1520 Whitney AveMemphis, TN 38127

Utilities Included

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1 Bedroom Apartments

Exploring Rental Options: Apartments, Townhomes, and Lofts—Oh My!

Looking for the perfect rental? From apartments and condos to lofts and single family rentals, explore the unique pros and cons of each rental type to help you land in your perfect new place.

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1 Bedroom Apartments

Sterling Townhomes

1903 E Raines RdMemphis, TN 38116

Utilities Included

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1 Bedroom Apartments

Westwood Manor Elderly Cottages

4436 Fig Leaf CirMemphis, TN 38109

Senior Living

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1 Bedroom Apartments

Oakshire Downs Apartments and Townhomes

1717 Crimson CirMemphis, TN 38116

Utilities Included

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1 Bedroom Apartments

2238 Howell Ave

2238 Howell AveMemphis, TN 38108

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1 Bedroom Apartments

The Local Memphis Expert's Guide to Renting Near the City's Top Employers

Memphis apartment guide from a local expert, breaking down neighborhoods, average rent, and ideal commute times near the 5 largest employers - FedEx, St. Jude, U of M, Methodist, and AutoZone.

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Memphis, TN Local Guide

Bedroom	Average Rent	Cheapest Rent	Highest Rent
Memphis Studio Apartments	$1,050	$547	$1,888
Memphis 1 Bedroom Apartments	$1,129	$450	$3,457
Memphis 2 Bedroom Apartments	$1,257	$560	$5,158
Memphis 3 Bedroom Apartments	$1,635	$600	$4,109
Memphis 4 Bedroom Apartments	$1,387	$550	$3,834

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College 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!

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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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 $1,129.

What is the largest available 1 Bedroom Memphis Apartment for rent?

Today's apartment with the most square footage in Memphis is a 1,250 square feet unit starting from $1,695 at Lofts at Merchant Row.

What is the average size for Memphis 1 Bedroom Apartments for rent?

The average size for a 1 Bedroom rental in Memphis is currently 694 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.

Helpful Local Expert Guides

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City

Written by: Joshua Carlucci

Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.