
4 Bedroom Apartments for Rent in Memphis, TN Under $1,500 (24 Rentals)


The Residences at Lakeview

Emberly (NEW)

Emerald Square

The Annex of Memphis

The Nine at Memphis

Springdale Creek Apartments

Yugo Memphis Southern
Renting with Roommates: Realistic Expectations for Shared Lease
Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

Fairway Manor Senior Living

Harold Ford Senior Villas

Cavelier Court Apartments

Chapel Place Homes

River City Heights Townhomes

Summit Park Apartments

Gospel Gardens

Cane Creek Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Austin Park Place Apartments

Raleigh Court Townhomes

Crockett Park Place

Levi Landing

Sunrise Terrace

Lamar Crossing

Jackson Heights Residential

8642 Edney Ridge Ave
Renting Smart: Lease Basics Every Renter Needs
Demystify Your Rental Lease. Learn the basics about renting, deposits, and tenant/landlord responsibilities. Rent smart and avoid surprises. | Renter University at ApartmentHomeLiving.com
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 | $1,067 | $547 | $7,985 |
| Memphis 1 Bedroom Apartments | $1,158 | $525 | $2,840 |
| Memphis 2 Bedroom Apartments | $1,280 | $600 | $4,700 |
| Memphis 3 Bedroom Apartments | $1,709 | $700 | $7,035 |
| Memphis 4 Bedroom Apartments | $1,328 | $640 | $2,640 |
Explore Memphis

Memphis, TN Local Guide
- Memphis Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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!
Read ArticleReal 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.
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 Memphis
How much are Studio apartments in Memphis?
There are currently 639 Studio Apartments in Memphis with rent ranges from $547 to $7,985 with an average price of $1,067.
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 $525 to $2,840 with an average monthly rent of $1,158.
What does renting a Two Bedroom Apartment in Memphis cost?
The monthly rent prices of Two Bedroom Apartments currently available in Memphis range from $600 to $4,700. Today's average rental price for Two Bedrooms here is $1,280.
How expensive are Memphis Three Bedroom Apartments?
There are currently 386 Three Bedroom Apartments listings available in Memphis on ApartmentHomeLiving.com. The pricing ranges from $700 to $7,035 - averaging $1,709 for the location.
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.