close
View Me
Built in 2018Studio to 3 Bedroom Apartments
South Main Artspace Lofts
138 St. Paul AveMemphis, TN 38126
New Apartments for Rent in Memphis, TN Under $1,500 (59 Rentals) Page 2 of 2
close
View Me
Built in 20182 to 3 Bedroom Apartments
Mason Homes on 4th
900 S 4th StMemphis, TN 38126
close
View Me
Built in 2024Studio Apartments
Elite Living Residence
5225 Summer AveMemphis, TN 38122
close
View Me
Rent Specials
$1,375 - $2,940Built in 20211 to 2 Bedroom Apartments Available Now
Lakeland Town Square
4836 Village Lot CvLakeland, TN 38002
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.
close
View Me
$1,242 - $2,663Built in 20161 to 3 Bedroom Apartments Available Now
The Charleston
9981 US Highway 64Arlington, TN 38002
close
View Me
Rent Specials
$1,120 - $2,667Built in 2024Studio to 3 Bedroom Apartments Available Now
Springs at Colonial
2925 Countrywood PkyCordova, TN 38016
close
View Me
Rent Specials
$800 - $1,200Built in 20182 Bedroom Apartments Available Now
Barton Court Apartments
2416 E Barton AveWest Memphis, AR 72301
close
View Me
Built in 20231 to 3 Bedroom Apartments
Millington Flats
7289 Raleigh Millington RdMillington, TN 38053
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.
close
View Me
Built in 20213 Bedroom Apartments
Frisco Park
408 S Avalon StWest Memphis, AR 72301
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 | $1,043 | $547 | $7,985 |
| Memphis 1 Bedroom Apartments | $1,154 | $450 | $2,842 |
| Memphis 2 Bedroom Apartments | $1,270 | $562 | $5,900 |
| Memphis 3 Bedroom Apartments | $1,683 | $600 | $4,085 |
| Memphis 4 Bedroom Apartments | $1,370 | $599 | $3,500 |
Explore Memphis
Let everyone know!
Do you know the Memphis area?
If you’re an expert on all things Memphis, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about New Memphis Apartments
What is the Cheapest New apartment in Memphis?
Currently the most affordable New Apartment in Memphis is at The Nine at Memphis listed at $599.
How much is the average rent for a New Memphis Apartment?
The average rent for a New Apartment in Memphis is $1,647.
What is the largest New Memphis Apartment for rent?
Today's New apartment with the most square footage in Memphis is a 2,295 square feet unit starting from $1,285 at The Oliver Luxury Apartments.
What is the average size for Memphis New Apartments for rent?
The average size for a New rental in Memphis is currently at 636 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
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
The Local Memphis Experts Guide to Renting Near the Citys Top Employers
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.
Memphis, Tennessee: A Local Experts 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.
Articles, How-To's, and Tips
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.